Morgan Stanley (MS)

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Morgan Stanley Citigroup gaining share in capital markets, says Wells Fargo
Wells Fargo says that Morgan Stanley (MS) has shown very positive capital market share gains relative to its large bank peers, while Citigroup (C) has improved its share nearly as much. The firm raised its 2014 EPS estimate for Morgan Stanley to $3.63 from $3 to reflect a tax benefit. It thinks that Citi has several other positive catalysts. Wells keeps an Outperform rating on Citi and a Market Perform rating on Morgan Stanley