Morgan Stanley CFO Sharon Yeshaya Sees Investment Banking Activity Increasing Over The Next Quarters; U.S. Presidential Election Will Remove One Of The Key Uncertainties Holding Deals; Private Equity Firms Increasing Demand For IPOs In The U.S. and Europe; Sees Restructuring Activity In Certain Areas Of Commercial Real Estate Reducing Potential Losses; Bank Is Seeing New Deals From Deeper Relationship Between Wealth And Investment Banking Divisions
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley's CFO, Sharon Yeshaya, anticipates a rise in investment banking activity in the coming quarters, driven by the U.S. presidential election reducing uncertainties and increased IPO demand from private equity firms. The bank is also seeing new deals from stronger ties between its wealth and investment banking divisions.
October 16, 2024 | 12:29 pm
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Morgan Stanley expects increased investment banking activity due to reduced uncertainties from the U.S. presidential election and higher IPO demand from private equity firms. Strengthened relationships between its wealth and investment banking divisions are also contributing to new deals.
The anticipation of increased investment banking activity is positive for Morgan Stanley's revenue prospects. The reduction of uncertainties from the U.S. presidential election and increased IPO demand are likely to drive more deals. Additionally, the bank's strategy of leveraging deeper relationships between its wealth and investment banking divisions is expected to generate new business opportunities.
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