Guy Moszkowski
Guy Moszkowski
capital compared continue expect investment last market outlook pick quite statement terms year
In terms of investment banking, in terms of capital markets, in terms of investment management, really everything was very positive. Their outlook statement was also quite positive: their backlogs are up compared to where they were last year and they expect to be able to continue to pick up market share.
extremely few focusing hard morgan process proponent stanley turnaround value
I am not a big proponent of the diversified model. It is extremely hard to manage, and I just think there is a lot of value to be had from focusing on a few things really well. The turnaround process at Morgan Stanley will take some time.
asset highest management quality remains revenue stream
Asset management remains the highest quality revenue stream and the highest return-on-equity revenue stream in the financial-services business.
business growing slowing
The U.S. origination business may be slowing while it is growing in other markets.