Morgan Stanley Says Fixed Income Capable of $4 Billion Annually

Updated on
  • Gorman calls results from second half of 2015 ‘unacceptable’
  • Morgan Stanley is done with job cuts in fixed income, CEO says

Morgan Stanley’s fixed-income and commodities business is capable of generating $4 billion in annual revenue after the firm cut the operation in recent years amid an industrywide slump, Chief Executive Officer James Gorman said.

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