HSBC Downgrades Goldman Sachs and Morgan Stanley: ‘Risk-Reward Too Unattractive’ After Recent Bank Stock Rally HSBC analysts are signaling caution for investors eyeing Goldman Sachs and Morgan Stanley, downgrading the two banking giants after their recent surge in stock prices. Despite the rally in bank stocks following Donald Trump's victory in the U.S. presidential elections, […]
Morgan Stanley’s Mike Wilson Predicts 11% Stock Market Upside by 2025: What Investors Need to Know In a surprising reversal of his historically bearish stance, Mike Wilson, Morgan Stanley’s chief U.S. equity strategist, has turned optimistic about the future of the stock market. Wilson, known for his accuracy in calling the 2022 bear market, now […]
Morgan Stanley Grants Post-Employment Perks to Former CEO James Gorman In a significant corporate move, Morgan Stanley has announced the allocation of various post-employment perks to its former CEO, James Gorman, following his retirement after over a decade at the helm. Gorman, who transformed the investment banking giant during his tenure, will receive a substantial […]
Speaking to CNBC’s Wilfred Frost on Monday, Gorman said, “I was wrong on this [...] I thought we would have been out of it past Labor Day and we’re not.” Back in June of this year, the Morgan Stanley CEO told conference attendees that he would be “very disappointed” if his employees failed to return […]
The rise in Tesla’s share price has further bolstered the fortunes of its founder and chief executive, Elon Musk. According to Forbes, Musk became $25 billion richer following the deal with Hertz, making him wealthier than any billionaire ever. Recently, Morgan Stanley predicted that Musk will become the world’s first trillionaire. Tesla’s stock market value […]
Adam Jonas, an analyst at Morgan Stanley, said SpaceX was “challenging any preconceived notion of what was possible and the time frame possible, in terms of rockets, launch vehicles and supporting infrastructure”. He added: “More than one client has told us if Elon Musk were to become the first trillionaire ... it won’t be because […]
Patrick Drahi, founder of the European-based telecom group Altice, has bought a 12.1% stake in telecommunications company BT, worth approximately £2.2 billion. Altice is now BT’s largest shareholder after the purchase of 1.2 billion shares by recently-formed Altice UK. BNP Paribas and Morgan Stanley handled the share purchases. Drahi, who has a net worth of […]
Prevailing wisdom holds that banks are officious and sluggish, while tech startups are quick and nimble. The two business models–and those who work within them–have little in common. Prevailing wisdom is wrong: in reality, the skills necessary to be successful in both spaces often overlap. Last year, after 15 years at Morgan Stanley, I made […]
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