New Morgan Stanley CEO is 'super bullish' on hitting financial targets
Publishing timestamp: 2024-01-18 11:42:28
Summary
Morgan Stanley's new CEO, Ted Pick, expressed confidence in the bank's ability to achieve its financial targets of $10 trillion in client assets and a 20% return. Pick emphasized the importance of sticking to the strategy laid out by his predecessor, maintaining the bank's culture, and achieving their targets. He believes that the combination of being a leading wealth manager, investment bank, and trading house is unique and will contribute to their success. Pick also mentioned the expected rebound in corporate mergers and activities, as well as his views on the U.S. economy and potential rate cuts by the Federal Reserve.
Sentiment: POSITIVE
Keywords: investment strategy, business, banks, business news, breaking news: markets, financials, breaking news: investing, breaking news: economy, james gorman, economy, goldman sachs group inc, morgan stanley,
Source: https://www.cnbc.com/2024/01/18/morgan-stanley-ceo-ted-pick-financial-targets.html