Here's Why This Value Stock Is Up 56% in Almost 3 Months
Morgan Stanley's (NYSE: MS) stock struggled for the better part of 2020, along with many of its peers in the financial sector. But it has been a different story the past few months, with the stock up 56% since late October.
This stellar performance is thanks to a few factors. Key acquisitions, the Fed's lifting of limitations on share repurchases, and a broader market rotation out of growth stocks and into value stocks have all played a role in lifting Morgan Stanley's stock.
The sudden rise may have investors wondering: Will the good times keep rolling for Morgan Stanley in 2021?
Source Fool.com
