Morgan Stanley CEO Ted Pick Says We're In The Early Stages Of Investment Banking Multi-Year Cycle; Dividends Are Highest Priority In Use Of Capital; Not Thinking About Acquisitions In The Short Term; 'Might Look" At Potential Opportunities Down The Road, In 2-3 Years; Macroeconomic Uncertainties Offer Trading Opportunities
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley CEO Ted Pick stated that the company is in the early stages of a multi-year investment banking cycle. Dividends are the highest priority for capital use, and acquisitions are not being considered in the short term. Potential opportunities may be explored in 2-3 years. Macroeconomic uncertainties present trading opportunities.
July 16, 2024 | 2:33 pm
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Morgan Stanley is focusing on dividends as the highest priority for capital use and is not considering acquisitions in the short term. The company is in the early stages of a multi-year investment banking cycle, with trading opportunities arising from macroeconomic uncertainties.
The emphasis on dividends and the early stages of a multi-year investment banking cycle are positive signals for investors. The lack of short-term acquisition plans reduces uncertainty, while macroeconomic uncertainties present trading opportunities.
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