Morgan Stanley (NYSE:MS) will be reporting soon. Always interesting to follow an investment banker’s results after they have finished telling everybody how to conduct their business. In any event there is always the flip side; so read a little about the “Bear Case Scenario” and remember the points as management explains itself in the marketplace.
MS might have problems with its capital return program. Many analysts feel they do not meet the supplementary leverage requirements. Imagine that an investment banker with an inadequate balance sheet. My oh My.
The fixed income and commodities business may not be as simple as management thinks. The overhauls seem off the market to informed observers.
George Gutowski writes from a Caveat Emptor Perspective.