4 Financial Stock Stories Vying for Tuesday Traction
Morgan Stanley (NYSE:MS): Current price $26.54
Morgan Stanley, Bank of America Corp., and Wells Fargo & Co. are set to lead the six biggest domestic lenders by posting a leap in earnings that could take some investors by surprise who are fixated on a slump in trading and mortgage lending. According to analysts’ forecasts compiled by Bloomberg, the three banks will likely post combined third-quarter profit of $8.64 billion, or 14 percent over that of 2012. Additionally, the estimates indicate that JPMorgan Chase & Co., Citigroup Inc., and Goldman Sachs Group Inc. will report a fall of 7.8 percent.