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Morgan Stanley Chief Executive Officer James Gorman presented the firm's new wealth management pre-tax margin goal as 20% or more, in a presentation on Wednesday. The goal announced at the firm's financial services conference by the CEO was up from lower targets. The firm originally set a 20% target when it announced plans to purchase the Smith Barney brokerage from Citigroup Inc. . The firm has since reversed course and set a goal in the mid-teens by mid-year 2013. The latest goal set by the firm is a pre-tax margin of 20-22% by 2015 and with higher rates the margin could be higher than 23%. Morgan Stanley shares were down 1.15%.Copyright © 2013 MarketWatch, Inc....
Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Two prominent proxy advisory firms offered diverging opinions on Morgan Stanley's (MS) executive compensation plan, with one telling shareholders to vote for it, whi...
Morgan Stanley has hired Michele Davis, a public relations official and policy director who helped shape the Treasury Department's strategy during the financial cris...
Morgan Stanley said on Thursday revenue from commodities trading fell sharply in the first quarter and it is working to dispose of nonessential commodity businesses....
FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.
Morgan Stanley (NYSE:MS) revealed on Thursday it swung to a stronger-than-expected first-quarter profit thanks to fewer debt valuation charges and stronger wealth-ma...
Earnings HQ: FBN’s Diane Macedo breaks down MS’s first-quarter earnings report.
Morgan Stanley (MS) swung to a first-quarter profit as the investment bank benefited from a comparison with a year-earlier period that was bogged down by a heavy cha...
NEW YORK (Morgan Stanley) -- Morgan Stanley said Thursday its first-quarter profit increased to $984 million, or 50 cents a share, from a loss of $94 million or 6 ce...
Morgan Stanley (MS) swung to a first-quarter profit as the investment bank benefited from a comparison with a year-earlier period that was bogged down by a heavy cha...
The most anticipated IPO since Facebook has attracted lawyers, bankers and potential investors, showering China's Alibaba with attention ahead of a stock offering th...
Morgan Stanley announced in a memo to employees on Wednesday that its head of fixed income, Ken deRegt, is leaving the firm.The move follows a tough quarter for the ...
When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase & Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just t...
FBN's Charlie Gasparino on David Petraeus being in 'advanced negotiations' with KKR.
Financial stocks were down on Wednesday as industrial production dropped slightly in April, dampening optimism for economic growth. The Financial Select Sector SPDR ...
Financial stocks were up on Tuesday as investors became more optimistic about U.S. economic growth. The Financial Select Sector SPDR Fund , which tracks financial st...
Morgan Stanley (MS) shareholders approved the securities firm's 2012 executive compensation plan, though by a smaller margin than a year ago.At the New York company'...
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