Banks Flat Despite Morgan Stanley Downgrade

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Analysts at JP Morgan downgraded shares of Morgan Stanley MS to Neutral with a $34 price target.

Following the downgrade, shares of Morgan Stanley slipped about 1 percent to $34.53.

Despite the downgrade, other large financial stocks were little changed:

  • Financial sector SPDR ETF XLF - Unchanged
  • Goldman Sachs GS +0.46 percent
  • JPMorgan Chase & Co. JPM +0.53 percent
  • Bank of America BAC -0.32 percent
  • Wells Fargo Co. WFC -0.06 percent
  • Citigroup Inc C -0.15 percent
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Posted In: DowngradesPrice TargetAnalyst RatingsJP Morgan
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