Doug Kass Goes Long Morgan Stanley And Bank Of America

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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at