Hamna Asim
2 min read
In This Article:
Morgan Stanley (NYSE:MS) is one of the best Goldman Sachs bank stocks. On June 10, Morgan Stanley CEO Ted Pick informed investors that he is optimistic about a strong end to the quarter, noting that business momentum has picked up after a brief slowdown in April due to US tariff news.
CEO Ted Pick adopted an upbeat tone at the bank’s annual financial conference, saying he is feeling “super pumped” about the company’s business outlook. Deal activity is picking back up, and Pick said equity capital markets are starting to reopen. M&A conversations have remained steady, even accelerating in some areas.
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Morgan Stanley is presently heading multiple high-profile IPOs, including fintech company Chime, expected to raise up to $832 million this week. It also helped bring Hinge Health and ad-tech firm MNTN public in May. On the M&A side, the bank advised TJC on its $5 billion sale of Silvus Technologies to Motorola and supported AT&T’s $5.75 billion acquisition of Lumen’s fiber business. The firm also worked with Toyota’s special board committee on a potential go-private proposal.
Pick said changes to banking regulations would be welcome, as they could lead to potential acquisitions. He has remained one of the more optimistic voices on Wall Street, saying back in April that he was “cautiously optimistic” the US would avoid a recession.
Morgan Stanley (NYSE:MS) is a global financial services firm offering investment banking, wealth management, and asset management to clients worldwide.
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Disclosure. None.
