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Morgan Stanley CEO James Gorman says there's about to be a washout of fintech valuations and a wave of consolidation. Here's how the bank is thinking about potential deals.

Por: Business Insider Business October 15, 2022

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The market is volatile, but Morgan Stanley CEO James Gorman sees it as a return to normalcy. We've seen some of the more ridiculous stuff that's been in the market in the last year. Companies trading at 50 times revenue, what's gone on with Bitcoin trading at $60,000, and what's gone on with GameStop and other companies, Gorman said in the third-quarter earnings call on October 14. This sort of aberration-type trading has... + full article



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