Top analyst drops bold call on Morgan Stanley after blowout earnings

Morgan Stanley did everything right to justify a big bank at record highs. The bank achieved impressive earnings, experienced significant growth in wealth management, and implemented a strategy that was more effective than just hype. It's no surprise that Bank of America analysts reiterated a buy rating and raised its price objective to $220, with the stock changing hands at $191.23 when the report dropped. "The blueprint is in place," the analysts noted. Morgan Stanley management does not have to promi ...