Jim Cramer Says “The Asset Gathering in Morgan Stanley Has Been Extraordinary”

Core Viewpoint - Morgan Stanley is expected to report strong financial results, with significant activity in financial markets and extraordinary asset gathering, as highlighted by Jim Cramer [1]. Group 1: Financial Performance - Morgan Stanley reported a record Capital Markets revenue in the second quarter, driven by equity capital markets activity and equities trading volumes, with a year-over-year increase of 13.6% [2]. - The Wealth Management division of Morgan Stanley experienced a 14% year-over-year revenue growth, supported by a 7% increase in fund flows and strong market share [2]. - The company maintained a 70.7% efficiency ratio, which is 130 basis points below consensus estimates, indicating effective expense management despite strong revenue growth [2]. Group 2: Market Activity - The financial markets are experiencing unusually strong activity, contributing to the positive outlook for both Morgan Stanley and Goldman Sachs [1]. - The asset gathering at Morgan Stanley has been described as extraordinary, reflecting the company's robust performance in the current market environment [1].