9/16/2023 0 Comments Flat stanley reading responseWell, our view was, it was likely to be resolved. Second, we found a country moving headlong into a debt ceiling crisis. Prompt action by regulators in what turned out to be idiosyncratic stories of the failed banks, combined with the strength and support from the large U.S. April started on the heels of the first bank crisis since 2008, which had the risk of bleeding into the broader financial system. In addition, there were several other issues impacting the markets. The headwinds reflect the ongoing market transition from a high inflation low-rate environment to a higher rate lower inflation environment. And it’s fair to say that we ended the quarter overall in a better place with a better tone. We started the second quarter with significant headwinds and uncertainties. Good morning, everyone, and thank you for joining us. I will now turn the call over to Chairman and Chief Executive Officer, James Gorman. This presentation may not be duplicated or reproduced without our consent. Please refer to our notices regarding forward-looking statements and non-GAAP measures that appear in the earnings release. Today’s presentation may include forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. During today’s presentation, we will refer to our earnings release and financial supplement, copies of which are available at. On behalf of Morgan Stanley, I will begin the call with the following disclaimer. Gerard Cassidy - RBC Capital Markets - AnalystĪndrew Lim - Societe Generale - Analyst Presentation: Sharon Yeshaya - Chief Financial Officer Analysts:Įbrahim Poonawala - Bank of America - Analyst Gorman - Chairman and Chief Executive Officer Morgan Stanley ( NYSE: MS) Q2 2023 earnings call dated Jul.
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