On July 29, Morgan Stanley fell 3.28% in regular trading, trading at approximately $205.14/share, with turnover of $151 million.

On the news front, Morgan Stanley's mortgage bankers have allegedly been pressured by management and wealth advisers to approve mortgages for wealthy clients despite underwriting concerns, according to a report citing current and former employees, emails, and internal documents. The report indicated that mortgage employees face pushback when they delay or block loan approvals for high-net-worth clients.

A Morgan Stanley spokesman responded that the firm's mortgage division adheres to robust underwriting standards supported by extensive internal risk management and regulatory oversight, stating there is no evidence that any loan was inappropriately extended or failed to perform. The spokesman characterized the suggestion that the bank compromised its underwriting standards as false. Nevertheless, the report triggered market concerns over potential compliance risks at the firm, contributing to selling pressure during the session.

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