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Morgan Stanley Stock Falls on CEO Gorman’s Exit. Here’s What Wall Street Thinks.

Por: MarketWatch Business May 19, 2023

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Shares of Morgan Stanley (ticker: MS) ticked down as much as 2.5% in Friday’s trading, outpacing the 1.6% drop in the KBW Nasdaq Bank Index (BKX). It isn’t a dramatic move, but one that suggests some uneasiness with what could be next. Among the more cautious is veteran bank analyst Dick Bove of Odeon Capital. “Gorman was unique. Worse, the failure to name his replacement could potentially tear Morgan Stanley apart,” Dick Bove, analyst... + full article



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