Morgan Stanley Stock Dips Ahead of Earnings Report
@TigerOptions:
Financial services giant $Morgan Stanley(MS)$ has seen its stock price decline over 5% in the lead-up to its first-quarter 2024 earnings report, scheduled for release on Tuesday, April 16th. MS Daily Chart Morgan Stanley's wealth management arm is currently under investigation by multiple regulators, including the U.S. Securities and Exchange Commission (SEC) and the Office of the Comptroller of the Currency (OCC). Regulators are scrutinizing the bank's procedures for vetting new clients, including verifying their identities and the sources of their wealth, as well as how it monitors their financial activity. Some of these probes reportedly focus on international clients. Investors are reacting to the regulatory scrutiny by offloading their Morgan S