Morgan Stanley losing 8.0% today despite beating Street estimates for its third financial quarter is an opportunity to buy a quality name at a discount, says the famed investor Jim Cramer.
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 Execu...

JPMorgan Chase & Co.’s China CEO Mark Leung remarked that the group's expansion in China is taking longer than anticipated. The group, however, remains committed to its investment strategies in China and has been progressing satisfactorily, Leung added.
The recent economic downturn of China and fierce domestic competition environment have sapped the impetuses of Wall Street banks to develop their business prese...