Morgan Stanley CEO Warns of Lower Margins and Economic Risks
TL;DR Summary
Morgan Stanley's stock fell as new CEO Ted Pick faced investor skepticism over the firm's ability to meet goals in its expanding wealth business, with lower wealth-management margins expected to persist according to the bank's executives.
- Morgan Stanley Drops as Firm Warns of Lower Margins in Wealth Bloomberg
- Morgan Stanley revenue tops estimates, but CEO warns of geopolitical, economic risks ahead CNBC
- Morgan Stanley Warns of Lower Margins in Wealth Business Bloomberg Television
- Investors give new Morgan Stanley CEO Ted Pick a rough reception as stock falls 4% Yahoo Finance
- New Morgan Stanley CEO trims outlook, pledges to stay the course American Banker
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