JPMorgan (NYSE:JPM), BofA (NYSE:BAC), Wells Fargo (NYSE:WFC), AmEx (NYSE:AXP) Top Banking Picks of Morgan Stanley in 2011

Morgan Stanley (NYSE:MS) released its list of top banking picks in the U.S., Europe and Canada for 2011. In the U.S., the top four picks are JPMorgan (NYSE:JPM), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) and American Express (NYSE:AXP). Following them in fifth and sixth place in the u.S. were PNC Bank (NYSE:PNC) and Zions Bancorp. (Nasdaq:ZION).

Top banking picks in Europe by Morgan Stanley are Societe Generale SA, UBS (NYSE:UBS), Julius Baer Gruppe AG, Danske Bank A/S, DnB NOR ASA, Barclays (NYSE:BCS) and Mediobanca Group.

In Canada, Morgan's top picks were Toronto-Dominion Bank (NYSE:TD)
and Bank of Nova Scotia (NYSE:BNS).

Bank of America closed Friday at $11.86, up by $0.18, or 1.54 percent. JP Morgan Chase closed at $39.61, up by $0.30, or 0.76 percent. Wells Fargo was at $29.05, gaining $0.27, or 0.94 percent. American Express closed at $44.88, dropping 0.10, or 0.22 percent. PNC ended the week at $57.26, up by $0.69 on Friday, or 1.22 percent. Zions Bancorp ended at $21.29, up by $0.20, or 0.95 percent.