Morgan Stanley CEO Gorman Says Tone of Markets Has Improved
Stock Chart for Morgan Stanley (MS)
“The tone is a little better,” Gorman, 53, said today in a Bloomberg Television interview from Davos, Switzerland, where he’s attending the World Economic Forum’s annual meeting. A deal to settle Greece’s dispute with creditors is “very close to the finish line,” he said.
Gorman presided over the only increase in trading revenue among the five largest Wall Street banks in 2011, excluding accounting gains, and the stock jumped 20 percent this year through yesterday. New York-based Morgan Stanley owns the world’s largest brokerage.
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