Morgan Stanley CEO Sees Bank Doing Deals In Asset Management, Agnostic Regarding Geography
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley CEO James Gorman stated that the bank is looking to do deals in asset management and is agnostic regarding geography. This comes after the bank's acquisition of Eaton Vance last year.
June 12, 2023 | 4:35 pm
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Morgan Stanley's CEO announced plans to pursue deals in asset management, potentially expanding the bank's portfolio and reach.
Morgan Stanley's CEO's statement indicates the bank's intention to expand its asset management business. This could lead to more acquisitions and growth, potentially having a positive impact on the stock price in the short term.
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