Morgan Stanley Is Too Cheap for Me to Sell: Alice Schroeder

I don’t work for Morgan Stanley anymore, but I do own its stock, and since 2010 have been able to sell now that it’s unrestricted. Too bad the shares trade at less than half the price at which I acquired most of them, meaning I face the question of whether to cut my losses or hope the firm gets its act together.

This quarter’s blowout earnings were a marked departure from the past few years. Shareholders’ expectations have been raised by some bit of good news, then dashed time after time. Could this be the turning point?