Reported about 1 year ago
Morgan Stanley CEO Ted Pick expressed that higher-for-longer interest rates are advantageous for the business during a financial services conference. Despite challenges presented by the current rate path, Pick highlighted the firm's strategy developed under his predecessor, James Gorman, as a safeguard in an elevated rate environment. Pick also discussed future growth areas such as artificial intelligence and stock plan administration within Morgan Stanley, anticipating a positive impact on the firm's revenues and client engagement.
Source: YAHOO