Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1

Morgan Stanley says Ted Pick will succeed James Gorman as CEO on Jan. 1


James Gorman, Morgan Stanley CEO, July 18, 2023.

CNBC

Morgan Stanley said Wednesday that Ted Pick will succeed CEO James Gorman as CEO at the start of 2024.

Pick, a Morgan Stanley veteran who rose through the ranks to lead the bank’s Wall Street operations, will also join the bank’s board, the bank said in a release. Gorman will stay on at the bank as executive chairman.

This is breaking news. Please check back for updates.



Source

Coca-Cola tops estimates, raises earnings outlook as global beverage demand rises
Business

Coca-Cola tops estimates, raises earnings outlook as global beverage demand rises

Bottles of Coca-Cola for sale at a store in LaBelle, Florida, Feb. 8, 2026. Zak Bennett | Bloomberg | Getty Images Coca-Cola on Tuesday reported quarterly earnings and revenue that topped analysts’ expectations. For the full year, Coke is now projecting comparable earnings per share growth of 8% to 9%, up from its prior forecast […]

Read More
General Motors is set to report earnings before the bell. Here’s what Wall Street expects
Business

General Motors is set to report earnings before the bell. Here’s what Wall Street expects

The General Motors global headquarters at Hudson’s Detroit in Detroit, Michigan, US, on Monday, Jan. 12, 2026. Jeff Kowalsky | Bloomberg | Getty Images DETROIT – General Motors is set to report its first-quarter earnings before the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG: Earnings per […]

Read More
Domino’s Pizza stock falls on disappointing sales — and CEO thinks more chains will follow
Business

Domino’s Pizza stock falls on disappointing sales — and CEO thinks more chains will follow

A pedestrian walks by a Domino’s Pizza on Dec. 9, 2025 in San Francisco, California. Justin Sullivan | Getty Images Domino’s Pizza stock fell 10% in morning trading on Monday after it reported weaker-than-expected U.S. same-store sales growth. The chain’s domestic same-store sales rose just 0.9%, lower than the 2.3% bump expected by Wall Street […]

Read More