All of a Sudden, Mack Is Looking Like a Wise Choice

As the chart at right illustrates, Morgan Stanley stock has been a dud this year, especially when compared to some of its Wall Street brethren like Lehman and Goldman. (Morgan’s 19% ROE also lags Goldman’s 25%.) After a brief pick-up in the summer after John Mack’s return, the stock flatlined this fall, picking up only recently after Mack presented his strategic growth plan in mid-November. Yesterday saw another pop in the stock price following stronger-than-expected 4Q numbers and the announcement of a $1.75 credit-card acquisition.

Morgan Stanley Overhauls Itself [WSJ]
Morgan Stanley’s Net Rises 49% [WSJ]
Morgan Stanley Posts 49% Gain [NY Times]

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