Closing Bell: Tech’s Moment of Truth 10/18/23
Closing Bell
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Morgan Stanley's Poor Earnings Report and Impact on Stock
This chapter discusses the factors contributing to the decline in Morgan Stanley's stock, including a slump in investment banking, decrease in net interest income, and a decline in net new assets. It also mentions the impact of higher for longer rates on the firm's businesses and highlights Chairman and CEO James Gorman's outlook on rates.
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Transcript
