TheStreet’s Jim Cramer says you can’t look at what Morgan Stanley looks like now and think about what it’s going to look like in 2016 because it’s changing radically. It’s becoming a wealth management company where there will be less emphasis on fixed income currency and commodity trading. He says CEO James Gorman is trying to build a growth company based on wealth management. Cramer advises investors to buy Morgan Stanley and to buy it aggressively. Morgan Stanley reported fourth quarter profit that missed analysts’ estimates, with fixed income trading revenue shrinking to its lowest level since the financial crisis.
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