Business
Morgan Stanley CEO Downplays Acquisition Possibilities; The Bar is ‘High’
Morgan Stanley CEO Ted Pick told analysts Thursday morning that the bar for future acquisitions is high and that excess capital might be better returned to shareholders in the form of dividends.
“We are endeavoring to keep the bar for acquisitions high,” Pick said during the company’s earnings call.
He said that excess capital at Morgan Stanley will be directed to continued dividend growth, opportunistic stock repurchases, and investments in Morgan Stanley’s businesses.
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