Tom Reese/Paul Rubillo, Dividend.com
Morgan Stanley (MS) is seeing a huge drop in its shares again today, as credit agency Moody's considers a ratings downgrade
The company is down nearly 40% so far today, after news last night that Moody's Investors Service placed the long-term debt ratings of Morgan Stanley and its subsidiaries on review for downgrade.
This potential change comes despite the fact that Morgan Stanley expects to receive a badly-needed $9 billion investment from Japan's Mitsubishi UFJ Financial Group.
The Bottom Line
We had removed shares from our "Recommended" list back on Aug. 12, when they were trading at $45.39 a share. The stock just seemed to struggle making any sort of move off the lows, and we just didn't like the price action. Investors tempted to nibble here should be careful not to make any large bets, as we would avoid the stock entirely at this point.
Morgan Stanley (MS) is not recommended at this time, holding a Dividend.com Rating of 2.9 out of 5 stars.
Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.
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