We're selling 50 shares of Morgan Stanley at roughly $100.04 each and 110 shares of Wells Fargo at roughly $60.65.
We're making two small trims and locking in solid gains in our two bank stocks following their strong moves toward their 52-week highs over the past week.
The bank stocks are viewed as beneficiaries of a Trump presidency due to less regulation and a more accommodative stance on mergers and acquisitions, which would benefit their investment banking operations.
Morgan Stanley, Bank of Americ a, and Goldman Sachs report the week after next.
From these two sales, we'll realize a gain of 12% on Morgan Stanley stock bought in July 2021 and a big gain of 77% on Wells stock purchased in January 2021.
Persons:
Morgan Stanley, Jim Cramer's, Wells Fargo, Donald Trump, Jim Cramer, Cramer, Goldman Sachs, Jim
Organizations:
WFC, Morgan Stanley YTD Bank, JPMorgan, Citigroup, Bank of Americ, Wells, CNBC
Locations:
Wells Fargo, Wells