Morgan Stanley CEO Says 'Highly Confident' Wealth Division Will Reach 30% Pre-Tax Margin
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley's CEO expressed high confidence that the company's wealth management division will achieve a 30% pre-tax margin.
July 16, 2024 | 2:01 pm
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Morgan Stanley's CEO expressed high confidence that the company's wealth management division will achieve a 30% pre-tax margin, indicating strong future performance in this segment.
The CEO's confidence in achieving a 30% pre-tax margin in the wealth management division suggests strong future performance and profitability, which is likely to positively impact Morgan Stanley's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100