UPDATE 3-Morgan Stanley profit plunges, warns of more pain ahead
Morgan Stanley Chief Executive
Officer James Gorman warned that the bank would take “longer to
achieve” its medium-term financial targets due to the
coronavirus crisis, after its first-quarter profit slumped by
30%.
Officer James Gorman warned that the bank would take “longer to
achieve” its medium-term financial targets due to the
coronavirus crisis, after its first-quarter profit slumped by
30%.
Posted by Reuters
