Renowned Analyst Richard Bove of Rafferty Capital Markets, LLC, says Morgan Stanley (MS) is a company that has developed necessary business disciplines that may allow it to benefit from where the economy and financial system are headed.
“Morgan Stanley has superb management, and I think it has developed a business model based around selling a large amount of financial products, not just stocks, but mortgages and loans, which seems to make a great deal of sense,” Bove said.
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Bove says that Morgan Stanley management, particularly CEO James Gorman, has put in place disciplines both on its balance sheet and the selection of executives.
“if any company is going to benefit from where the market is going — I’m sorry, where the economy and financial system are going — it will be Morgan Stanley. I think that is a very attractive stock,” Bove said.
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