Financials Gain On Morgan Stanley, Citi JV Appraisal Delay, Stifel Sees 37% Upside For CIT
August 29, 2012 at 12:46 PM EDT
Morgan Stanley (MS) was recently gaining 1.7% and Citigroup (C) was up 1% as the two agreed to delay the appraisal of their Morgan Stanley Smith Barney joint venture. Both took a hit last month when Morgan Stanley’s plan to buy an additional 14% brought to light the fact that the two banks had very [...]
