In Fixed Income, Morgan Stanley’s Worst on The Street

The transcript discusses Morgan Stanley's Q4 performance, highlighting a miss in adjusted EPS and stock volatility. Despite some positives in investment banking and M&A, negatives in revenue and equities trading affected sentiment. CEO James Gorman shared an optimistic outlook for 2019, focusing on M&A and wealth management. The transcript also reviews record profits for 2018 among major banks, with hopes for similar success in 2019.

What were the main reasons cited for the underperformance of Morgan Stanley's fourth quarter earnings?

How did the share price of Morgan Stanley change during the day after the earnings report?

What did CEO James Gorman mention about the tone starting in 2019?

What are some areas where CEO James Gorman is considering potential purchases?

What record profits were discussed in relation to the six major banks for the year 2018?