Why Morgan Stanley Stock Rocked the Market Today
Investors liked what they heard about the company's ambitious expansion plans.
Overview
Veteran financial services company Morgan Stanley (NYSE: MS) ended the stock trading week in style. On the back of news that it's approaching the next stage of an ambitious expansion program, investors piled into its stock, pushing it up more than 3% on Friday.
Several media outlets reported that Morgan Stanley has selected Dallas as the place where it'll expand its footprint. After market close on Thursday, the New York Post reported that the company will become the anchor tenant of a newly built, 709,000-square-foot skyscraper in the large Texas city.
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Originally published at www.fool.com.
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