Morgan Stanley (MS) Preparing for a Three-Notch Downgrade: Report

FBN’s Charlie Gasparino reports that Morgan Stanley (MS) is bracing for a three-notch downgrade, which could come as early as today. Gasparino also reports that JPMorgan Chase (JPM) “plans to announce a ‘worst-case scenario’ loss during their July 13th earnings announcement.” Excerpts from the report can be found below, courtesy of Fox Business Network. On [...]