Citigroup is the only U.S. financial that is not getting sold-off this morning. The rest of them, according to BusinessInsider, Morgan Stanley in particular, are getting crushed. Morgan Stanley was down over 3.5% this morning. It 52-week lows of $14.60. It's trading at $14.69 now.
Here are a few things that might be playing into this. Morgan Stanley warned analysts earlier this month that its trading revenue may suffer. JPMorgan did as well, and right now JPM is down 1.43% currently.
Another factor to consider Morgan Stanley owns the world's biggest brokerage, and trading volumes have been down significantly…
Read more at http://www.businessinsider.com/morgan-stanley-is-getting-crushed-right-now-as-financials-tank-2011-9
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