MS Stock Plunge Blamed On Misreading Of Derivatives Report

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MS Stock Plunge Blamed On Misreading Of Derivatives Report

Morgan Stanley saw its share price plunged 10% on Friday because of a misreading of a report by the Office of the Comptroller of the Currency on the bank’s notional outstanding value of derivatives in the second quarter, according to Matthew Burnell, an analyst at Wells Fargo.

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