The stock of Club holding Morgan Stanley (MS) dropped to $70 from $100 before bouncing back to $80 when interest rates recently peaked.
Morgan Stanley and Schwab did nothing bad or shameful, but their multiples are shadows of their former selves.
At least Morgan Stanley has a nice dividend yield of 4.25%.
Key, Huntington, First Horizon, Morgan Stanley and Schwab are all good franchises that are regarded as cheap.
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.
Persons:
It's, Huntington Bancshares, Stephen Steinour, Chris Gorman, Bryan Jordan, Morgan Stanley, That's, Charles Schwab, Schwab, We're, Macy's, Albert Bourla, Myers, Meyers, Eli Lilly, let's, Mills, Campbell Soup, WK Kellogg, McCormick, Neutrogena, Johnson, Edwards, Zimmer Biomet, Becton Dickenson, Baxter, BAX, Ford, Hess, Tesla, Jim Cramer's, Jim Cramer, Jim, Michael M
Organizations:
Dominion, Federal Reserve, Nordstrom, Pfizer, Bristol, Myers, Hostess Brands, Novo Nordisk, PepsiCo, Hershey, Brands, Spice, Johnson, Moderna, American Electric Power, Duke Energy, Motors, JetBlue, EOG Resources, ConocoPhillips, Exxon Mobil, Nvidia, Apple, Federal Trade Commission, CNBC, Santiago, Getty
Locations:
Huntington, Memphis, Tennessee, Toronto, United States, Celgene, Bristol, New York City
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