Jim Cramer on Morgan Stanley CEO: "Ted Pick Shooting the Lights Out Over There"

Morgan Stanley (NYSE:MS) is one of the stocks in Jim Cramer’s game plan for this week. During the episode, Cramer praised the company’s CEO, as he stated:

“We got to hear from more banks on Wednesday… But Morgan Stanley has been surprisingly positive for… [the] last several quarters. Ted Pick shooting the lights out over there.”

Morgan Stanley (NYSE:MS) provides financial products and services including investment banking, wealth management, and asset management for institutions and individuals. After its last earnings announcement, Cramer mentioned the company during the July 16 episode and said the it posted a “very solid set of numbers.” He commented:

“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.”

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