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Morgan Stanley Chair James Gorman Once Said Bitcoin's Role In Wealthy People's Financial Fabric Would Be Very Small: The Investment Bank Is Now On A Roll Recommending King Crypto To Clients
Wednesday, October 16, 2024 - 5:33am | 519Global investment bank Morgan Stanley (NYSE:MS) has actively pitched stocks and investments tied to Bitcoin (CRYPTO: BTC) to its clients this year, despite executive chairman James Gorman's skepticism about the leading cryptocurrency’s potential. What happened: Earlier this year, Gorman, who...
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Why Morgan Stanley Shares Are Falling Today
Thursday, May 23, 2024 - 12:16pm | 364Morgan Stanley (NYSE:MS) shares are trading lower on Thursday. The banking behemoth’s Executive Chairman James Gorman reportedly said at the bank’s annual shareholder meeting on Thursday he would step down on Dec. 31, 2024. After 14 years leading the bank, the former CEO ...
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Disney Is Focused On The Future, While Nelson Peltz Is 'Looking Backwards,' Says Morgan Stanley's James Gorman
Tuesday, March 26, 2024 - 2:05pm | 634Walt Disney Co (NYSE:DIS) is in the midst of a proxy battle with activist investor Nelson Peltz, who isn't convinced Disney’s management team knows how to bring the magic back to shareholders. On the other hand, Morgan Stanley executive chair and newest Disney board member James...
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Former Morgan Stanley CEO James Gorman Says Bitcoin Is Not A 'Fad': 'I Just Don't Think It's A Core Investment'
Friday, January 5, 2024 - 12:27am | 661The former CEO of Morgan Stanley, James Gorman, recently shared his perspective on Bitcoin (CRYPTO: BTC), the banking sector and the economic landscape. What Happened: After a 14-year stint as Morgan Stanley’s CEO, which ended on New Year’s Day, Gorman, in an interview with Bloomberg,...
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Morgan Stanley CEO Agrees With Warren Buffett On 'Dumb Things That Banks Do': James Gorman Slams 'Stupidity Of...Management' For Failures
Saturday, December 23, 2023 - 2:28am | 685The CEO of Morgan Stanley (NYSE:MS), James Gorman, has echoed Berkshire Hathaway’s (NYSE:BRK) Warren Buffett’s sentiments, attributing recent bank failures to poor management decisions. What Happened: In an interview with Financial Times...
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8 Wall Street Bank CEOs Reluctant To Take A Stand On Cannabis Reform After Sen. Questions Them During Hearing
Friday, December 8, 2023 - 1:18pm | 1004In a three-hour Senate Banking Committee hearing on Wednesday, US. Sen. Raphael Warnock (D-GA) asked eight CEOs of the biggest banks in the country to raise their hands if they support the SAFER Banking Act. Only Brian Moynihan, CEO and chairman of Bank of America (...
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Morgan Stanley's Role In Musk's Twitter Acquisition: Advisers, Not Owners
Thursday, January 19, 2023 - 11:47am | 456Morgan Stanley (NYSE: MS) CEO James Gorman laid to rest any investor uncertainty Thursday as it pertains to the investment bank’s position, or potential ownership, of Elon Musk’s micro-blogging platform Twitter. What Happened: Responding to a question from Bloomberg...
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JPMorgan Chase and Morgan Stanley Report Earnings: Where Did The Profits Go?
Thursday, July 14, 2022 - 12:04pm | 618Two of the nation's largest banks, JPMorgan Chase & Co (NYSE: JPM) and Morgan Stanley (NYSE: MS), reported quarterly earnings Thursday that failed to meet analyst expectations, and more seriously, profits were down in both firms. What Happened — JPMorgan Chase: “...
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Why Morgan Stanley Shares Are Moving Higher
Tuesday, June 28, 2022 - 10:07am | 234Morgan Stanley (NYSE: MS) shares are trading higher Tuesday after the company announced a new buyback program of up to $20 billion and raised its quarterly dividend. Morgan Stanley's board authorized a $20 billion share repurchase program, which is set to begin in the third...
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Morgan Stanley Q3 Dividend Hike Details Are Here
Tuesday, June 28, 2022 - 2:40am | 340Morgan Stanley (NYSE: MS) announced Monday that it will raise its quarterly common stock dividend to $0.775 per share from the current $0.70 per share beginning with the common dividend expected to be declared in the third quarter of 2022. What Happened: Morgan Stanley CEO James Gorman said,...
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What's Going On With Morgan Stanley Shares Today?
Thursday, April 14, 2022 - 10:41am | 245Morgan Stanley (NYSE: MS) shares are trading higher Thursday after the company announced its first-quarter financial results. Morgan Stanley reported first-quarter revenue of $14.8 billion, which was down from $15.72 billion year-over-year. The company reported quarterly earnings of $2.06 per...
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Why Morgan Stanley Is Trading Higher Today
Tuesday, June 29, 2021 - 9:00am | 334Morgan Stanley (NYSE: MS) is trading higher Tuesday morning after the company doubled its quarterly dividend and increased its buyback to $12 billion. Morgan Stanley announced it will raise its quarterly common stock dividend from 35 cents per share to 70 cents per share....
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Fintech Focus For June 16, 2021
Tuesday, June 15, 2021 - 6:28pm | 2518Quote To Start The Day: "[By] Labor Day, I'll be very disappointed if people haven't found their way into the office and then we'll have a different kind of conversation.” Source: James Gorman One Big Thing In Fintech: The most fundamental problem in financial services is...
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Morgan Stanley To Acquire Eaton Vance In $7B Cash And Stock Deal
Friday, October 9, 2020 - 1:40am | 429Investment bank Morgan Stanley (NYSE: MS) on Thursday disclosed entering into a definitive agreement to acquire Boston-based investment management company Eaton Vance Corp (NYSE: EV). The purchase consideration is estimated at $7 billion, payable partly in cash, and the balance through stocks....
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Morgan Stanley To Buy E*Trade For $13B
Thursday, February 20, 2020 - 8:59am | 315Morgan Stanley (NYSE: MS) is buying E*Trade Financial Corp. (NASDAQ: ETFC) in an all-stock $13 billion deal with the aim to reshape the investment bank. E*Trade will bring 5 million retail customers and $360 billion in assets and an online bank with cheap deposits that Morgan Stanley can funnel...