JPMorgan, Morgan Stanley Are Facing Different Headwinds
Morgan Stanley's wealth unit was already known to be facing a federal investigation, but the stock fell after a Wall Street Journal report revealed the scope of the probe -- just ahead of next week's earnings release, Bloomberg's Sally Bakewell says. She spoke with Sonali Basak on the same day that JPMorgan Chase & Co. slumped because of disappointing earnings results. (Source: Bloomberg)
Morgan Stanley's wealth unit was already known to be facing a federal investigation, but the stock fell after a Wall Street Journal report revealed the scope of the probe -- just ahead of next week's earnings release, Bloomberg's Sally Bakewell says. She spoke with Sonali Basak on the same day that JPMorgan Chase & Co. slumped because of disappointing earnings results. (Source: Bloomberg)
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