According to S&P major banks and MS among them, are not yet out of the wood.
MS shares have been very resistant to any pressure. Sure, they fell from the premature $50 to $43, but not lower.
The market shrugged off most of the warnings on banks, but as bad news for financials become reiterated and then confirmed by facts we could see new lows or bottom price stagnation at best.
I'm contemplating buying MS under $40 and
not before another three months, maybe six.