Morgan Stanley
Morgan Stanley CEO states his organization is prepared for ‘Basel III endgame’ — the sweeping new international guidelines on banking
James Gorman, chairman and chief executive of Morgan Stanley, speaks throughout the International Economic Leader’s Investment decision Summit in Hong Kong, China, on Tuesday, Nov. 7, 2023. The de-facto central financial institution of the Chinese territory is this week keeping its world-wide finance summit for a second yr in a row. Photographer: Lam Yik/Bloomberg through […]
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Morgan Stanley reveals its outlook for Asian stocks, states one major index is established to soar 11% in 2024
Morgan Stanley has discovered a bullish phone on Japanese stocks for 2024. The investment financial institution expects the TOPIX, Japan’s key stock index, to rise 11% to 2,600 in 2024. The Wall Road lender raised its price tag target thanks to a powerful earnings-per-share development forecast of 10% in 2024 and 8% in 2025. The […]
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Here’s what Wall Street is saying about obesity drug Wegovy following Novo Nordisk’s key study
Analysts are largely optimistic about a new class of anti-obesity medications following a landmark study released over the weekend. Novo Nordisk ‘s Select study of about 17,500 people found the use of its Wegovy decreased the risk of serious cardiovascular complications such as heart attacks. The study, which was shared at the American Heart Association […]
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‘Golden opportunity’: Morgan Stanley says it is really a great time to obtain gold shares — and names its prime world wide picks
Now is a fantastic time to get gold shares, in accordance to Morgan Stanley. Tensions in the Center East, brought on by the Israel-Hamas war, had triggered a gold “protected-haven” rally as investments in the treasured steel picked up. The rally has because fizzled and gold spot prices were being investing at $1,950.12 on Nov. […]
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These are the stocks that will benefit — and lose out — from the wellness trend, Morgan Stanley says
Weight loss drugs have been in the spotlight. But they’re just one aspect of a growing focus on health — on the part of both consumers and governments. The Covid-19 pandemic was a big factor behind the rising focus on weight and its implications for health, Morgan Stanley noted. “Thus health (or wellness) has become […]
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‘The present that retains on giving’: Morgan Stanley likes the memory sector and picks its prime stocks
The tech concept has been reigning supreme this calendar year and just one phase in individual stands out to Morgan Stanley: the memory sector. Contacting it “the gift that keeps on giving,” the financial commitment financial institution notes that the sector’s “pricing electricity is now amongst the very best in tech, and however in early […]
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The Ozempic effect has battered this weight loss stock, but Morgan Stanley says it’s a top pick
Game-changing anti-obesity medications have posed nothing short of an existential crisis for Weight Watchers parent WW International since they arrived on the scene, but CEO Sima Sistani has been confronting this challenge head-on. Despite an 11% dive in the stock Friday, Morgan Stanley said it thinks the company “has gone through an incredible transformation over […]
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CNBC Daily Open: Shiny Meta
NEW YORK, NEW YORK – JUNE 03: People walk by the New York Stock Exchange (NYSE) at the start of the trading day on June 03, 2022 in New York City. A new jobs report released by the Labor Department this morning shows employers added 390,000 jobs in May. Stocks pointed lower ahead of the […]
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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 […]
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Big banks are quietly cutting thousands of employees, and more layoffs are coming
Pedestrians walk along Wall Street near the New York Stock Exchange in New York. Michael Nagle | Bloomberg | Getty Images The largest American banks have been quietly laying off workers all year — and some of the deepest cuts are yet to come. Even as the economy has surprised forecasters with its resilience, lenders […]
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