InvestorQ : Is it true that Morgan Stanley is bullish on financials?
Tisha Malhotra made post

Is it true that Morgan Stanley is bullish on financials?

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Aashna Tripathi answered.
4 months ago
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Morgan Stanley raised overweight stance on financials due to higher credit growth and peaking credit costs. Morgan has 600 bps overweight on Financials but 500 bps underweight on IT sector. They expect banks to compound earnings at 20-30% over next 3 years.

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