“Morgan Stanley profit plunges, warns of more pain ahead”, Reuters

(Reuters) — “Morgan Stanley (MS.N) Chief Executive Officer James Gorman warned that the bank would take “longer to achieve” its medium-term financial targets due to the coronavirus crisis, after its first-quarter profit slumped by 30%.” Read more

“I think it was fairly valued. It was an all-stock deal as you know. So as both stocks had moved and would have moved post crisis, I’m very comfortable with having done an all-stock deal. I’ll just say that.” Read more

Leave a Reply

%d bloggers like this: