Despite SureInvestment Debacle, Morgan Stanley Shines In 2014
- MS was charged with failing to scrutinize the operations of one of their accounts, SureInvestments, which was found to be involved in a U.K. Ponzi scheme.
- The fine was relatively small ($280,000), relative to the billions shelled out by peer institutions for dishonest practices.
- Relative to peers BAC and C, MS is looking strong; MS earnings results were positive; MS has beaten earnings estimates for the past seven quarters, consistently.
- We are optimistic that MS could be a strong selection moving forward, despite the SureInvestment embarrassment.