Morgan Stanley, owner of the world’s biggest brokerage, is struggling to prove its new model works after failing to ride a surge in equity and bond markets.
The firm’s post-crisis strategy of relying more on its 18,000 brokers and less on debt-fueled risk-taking has yet to lure investors to the stock, which slid 8 percent last year, underperforming rivals. As the Standard & Poor’s 500 Index rose 13 percent and corporate bonds returned almost 11 percent in 2010, analysts cut estimates for the bank’s full-year earnings.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
