The Fed may have its own ideas, but a "capital flush" Morgan Stanley (MS) clearly wants to boost...

|About: Morgan Stanley (MS)|By:, SA News Editor

The Fed may have its own ideas, but a "capital flush" Morgan Stanley (MS) clearly wants to boost returns of capital to "long suffering shareholders" (the CEO's words). It's pretty simple math, says James Gorman. Cutting leverage by two-thirds while more than doubling capital, has cut ROE from 20% to 5%. It's time to give some back.