Morgan Stanley and Charles Schwab Have Crushed It This Year. Which One Should You Buy?
This year has been a great one to own financial stocks, and two in particular that have rewarded investors are Morgan Stanley (NYSE: MS) and Charles Schwab (NYSE: SCHW). At Monday's closing prices, Morgan Stanley had risen 36% this year and Charles Schwab was up 41%, both easily outperforming the S&P 500's return of 12.5%.
These two financial services giants have a lot in common. Both firms have made big acquisitions in the past year that have grown their investment and wealth advisory businesses, adding clients at a rapid pace. And they both purchased trading platforms to make their businesses recession-resistant. With so many similarities between the two, which one should you buy?
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Source Fool.com
