TheStreet’s director of research Stephanie Link tells Jim Cramer she sees some encouraging things in an otherwise ‘sloppy’ quarterly report from Morgan Stanley Tuesday. In particular, Link says she likes their global wealth management and asset management divisions which were overshadowed by higher legal costs and the sharp drop in fixed income and commodities trading. Cramer says investors should look at Morgan Stanley as a company in transition. He says it’s important to note that they’re not trying to grow the fixed income and commodities unit. At the same time, he likes that the company is putting efforts toward growing the wealth management division of the business.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
