Reported about 15 hours ago
Jim Cramer highlighted Morgan Stanley as a notable investment bank, noting its recent 8.1% dividend increase and a substantial $20 billion buyback program, amounting to nearly 9% of the bank's market cap. He characterized the bank's price-to-book ratio as reflective of its franchise value, emphasizing that being the most expensive does not indicate poor performance, but rather the market’s valuation of its quality.
Source: YAHOO