Morgan Stanley stock slips as bank earnings spark a pullback ahead of Thursday results
Morgan Stanley shares fell 1.3% to $180.45 Wednesday, tracking a broader 2.5% drop in the S&P 500 bank index as financial stocks slid ahead of the bank’s quarterly results. The sector faced pressure from early earnings misses and uncertainty over President Trump’s proposed 10% cap on credit card interest rates. Wells Fargo led losses, down 5.6% after missing profit estimates.