Jim Cramer buys Morgan Stanley stock on post-earnings pullback

Cramer dubbed the sell-off in “MS” on Wednesday an over reaction considering the weakness in its investment-banking division was broadly expected as both M&A and the IPO market hasn’t been particularly exciting in recent months.

But the Chief Executive expects that business to return with a boom as soon as the Federal Reserve signals the end of its rate-hike cycle – which paints a rosy picture of what the future holds for Morgan Stanley, as per Jim Cramer. $Morgan Stanley China A Share Fund Inc (CAF.US)$