These Stocks Are Hot Right Now
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Today’s chart highlights another big winner in the financial sector…
We like to check in on America’s big banks from time to time. Firms like JPMorgan Chase (JPM), Wells Fargo (WFC), and Bank of America (BAC) are America’s “financial backbone.”
Another big player in the industry is Morgan Stanley (MS)…
Morgan Stanley is one of the biggest banks in the U.S., with more than $800 million in assets.
For more than 80 years, it has been one of the wealth-management industry’s leaders.
And in June, the company announced some big news: It boosted its dividend by 25% and plans to buy back up to $5 billion worth of its stock.
As you can see in the chart below, MS shares have thrived in recent months, recently hitting new 52-week highs. They’re up more than 65% over the past year alone. Financial stocks are hot right now, and it’s likely we’ll see more strength as these companies send more cash to shareholders…
