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Morgan Stanley is well placed and undervalued

On balance, this year's evidence suggests the Wall Street firm should deliver for shareholders
Morgan Stanley is well placed and undervalued

It says something peculiar about market psychology in 2020 that almost any outcome to the US Presidential election was viewed as an excuse to buy equities. A blue wave? Buy on fiscal expansion and massive economic growth. Four more years of Trump? Buy on the sugar rush-like implications of a second round of tax cuts. A Biden-led government hogtied by Republican senators (as appears likely)? Buy on the default assumption of more easy monetary policy and regulatory logjams.

IC TIP: Buy at $51.70
Tip style
Risk rating
Medium Term
Bull points

Smart diversification bets

Robust capital levels

Investment bank performance

Earnings upgrades

Discount to peers

Bear points

Economic depression risk

Uncertain regulatory outlook

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