Morgan Stanley CEO Gorman says he's confident deal activity will return once the Fed pauses
Publishing timestamp: 2023-01-17 11:28:47
Summary
Morgan Stanley CEO James Gorman is confident that when the Federal Reserve stops hiking interest rates, deal-making and underwriting activity will increase. Despite a slowdown in investment banking, Morgan Stanley reported fourth-quarter earnings that beat Wall Street expectations. Gorman believes that when financial conditions start to loosen, deal activity will get a boost. He is confident about the medium-term outlook for markets and believes that there is a lot of money waiting to be put to work.
Sentiment: POSITIVE
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Keywords: stock markets, wall street, breaking news: investing, business news, breaking news: markets, morgan stanley, investment strategy, markets, breaking news: business,