Jim Cramer on Morgan Stanley's Earnings: "Very Solid Set of Numbers"

Morgan Stanley (NYSE:MS) is one of the stocks Jim Cramer reflected on. During the episode, Cramer noted that while the firm posted very good numbers, its earnings were overshadowed by Goldman’s stronger performance.

“Morgan Stanley, a healthy top and bottom line beat. All three of the divisions, institutional securities, wealth management, and investment management, beat expectations. And by the way, the wealth and investment management business here is on fire. They continue to see big inflows. They now have $8.2 trillion in combined total client assets. Sticky, fantastic business. Overall, very solid set of numbers from Morgan Stanley. Well, why didn’t it roar? Well, I think the company’s actually hurt by the fact it reported the same day as Goldman Sachs.

Goldman had a stronger performance than everybody in investment, banking, sales, and trading… Yet even Goldman couldn’t rally all that much today, so it’s no surprise that Wall Street shrugged at Morgan Stanley’s report and the stock pulled back 1.27%. That’s not a lot at all. Again, nothing wrong here, it just looked… less enticing right now than Goldman’s numbers.”

Morgan Stanley (NYSE:MS) delivers financial services, including capital markets advisory, trading, wealth and investment management, lending, and research.

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Disclosure: None. This article is originally published at Insider Monkey.