Legendary investor Doug Kass just tweeted that he is buying Morgan Stanley and Bank of America in the wake of earnings beats by both investment banks this morning.
This is particularly notable in light of controversy this morning over both banks’ treatment of debt valuation adjustments in their earnings reports.
I am adding to MS and BAC longs now. $BAC $MS
— Douglas Kass (@DougKass) April 19, 2012
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