Morgan Stanley CFO Says Bank On Track To Reach $10T Client Asset Target; Investment Banking Business Is In Early Innings Of Recovery
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley's CFO announced that the bank is on track to reach its $10 trillion client asset target. Additionally, the investment banking business is in the early stages of recovery.
July 16, 2024 | 12:27 pm
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Morgan Stanley's CFO announced that the bank is on track to reach its $10 trillion client asset target and that the investment banking business is in the early stages of recovery.
The announcement of being on track to reach a significant client asset target and the early recovery in investment banking are positive indicators for Morgan Stanley's future performance. This news is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100