Global financial services firm Morgan Stanley is expanding operations by acquiring the leading private shares platform, EquityZen. CEO, Ted Pick's first acquisition brings a potentially sizeable return for their shareholders with third-quarter earnings exceeding projections. The firm chose not to limit its wealth clients to own crypto funds, allowing them to partake in the cryptocurrency market, notably Wall Street boom boosting profits for the firm. Morgan Stanley's Chief Investment Officer recommends a 60/20/20 portfolio strategy, which includes gold, where the firm is expanding into the London market,and is considered as an hedge against inflation. Shareholders are witnessing a return as Morgan Stanley announced a 7.5 cents dividend increase and the authorization of a $20 billion common equity share repurchase program. The firm ended the third quarter on a high note with its shares surging after significantly beating earnings estimates, and reaching a 52 weeks market high.
Morgan Stanley MS News Analytics from Tue, 04 Feb 2025 06:38:26 GMT to Sat, 01 Nov 2025 23:57:45 GMT - Rating 8 - Innovation 5 - Information 6 - Rumor -3
