PARIS—Morgan Stanley’s plan to increase headcount in France by 200 by 2025 would bring its total staff in the country to 500, with the new Paris-based bankers mostly devoted to sales and trading of so-called macro products and stock derivatives. Macro products usually refer to the trading of fixed income and currency-related securities. The investment…
Morgan Stanley Profit Misses Estimate as Deals Drought Extends
Morgan Stanley on Friday reported a 30 percent slump in third-quarter profit, missing analysts’ estimate as a slowdown in global dealmaking hurt its investment bank business, sending its shares down 1.7 percent in early trading. The outlook for deals has steadily worsened this year as the U.S. Federal Reserve raised interest rates to tame inflation,…
Morgan Stanley Sees US Debt-to-GDP Ratio Down 7 Percentage Points in 2022
A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts at Morgan Stanley said on Thursday. In a research note, the investment bank’s economists predicted the debt-to-gross domestic product ratio should decline 7 percentage points in…
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