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Morgan Stanley [4] is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City.With offices in 41 countries and more than 90,000 employees, the firm's clients include corporations, governments, institutions, and individuals. [2]
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In 2025, Morgan Stanley is predicting the S&P 500 will end next year at around 6,500, implying an increase of over 7% from current levels. Read the original article on Business Insider.
James Patrick Gorman [1] AO (born July 14, 1958) [2] is an Australian-American businessman and financier. He is Chairman Emeritus of Morgan Stanley.Prior to becoming Chairman Emeritus in January 2025, Mr. Gorman served as Executive Chairman from January to December 2024, CEO from January 2010 until December 2023 and Chairman from January 2012 until December 2023.
On June 1, 2009, Morgan Stanley and Citigroup announced they closed early on the launch of their joint venture that combines Morgan Stanley's wealth management unit (including many former Dean Witter assets) with Citi's Smith Barney brokerage division. The new venture, called Morgan Stanley Smith Barney, was supposed to launch during the third ...
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Morgan Stanley demanded sole management, but IBM affirmed Salomon Brothers’ role as co-manager. [15] In response, Morgan Stanley refused to act as co-manager, and Salomon Brothers and Merrill Lynch were awarded top billing as a result. [16] In 1975, Salomon Brothers also aided the state’s efforts to save New York City from bankruptcy.
Cramer was born in 1955 in Wyndmoor, Pennsylvania (a suburb of Philadelphia), to Jewish parents. [1] [4] [5] Cramer's mother, Louise A. Cramer (1928–1985), was an artist.. Cramer's father, N. Ken Cramer (1922–2014), owned International Packaging Products, a Philadelphia-based company that sold wrapping paper, boxes, and bags to retailers and restaur