Praises flow for Morgan Stanley's (MS) quarter, which saw a lighter-than-expected loss and gains...

|By:, SA News Editor

Praises flow for Morgan Stanley's (MS) quarter, which saw a lighter-than-expected loss and gains in all its underlying businesses, particularly underwriting and deal-making. Dick Bove can barely contain his excitement, calling MS "the new Goldman," even though it marks the first time revenues trumped those of Goldman Sachs (GS) since 2008. Shares open +6.8%.