Workers outside of Morgan Stanley headquarters in Times Square. According to CNBC, Morgan Stanley employed roughly 60,000 people worldwide as of September. A Morgan Stanley spokesperson declined to comment. Crucial quote: “Global trade is going down for the first time in a non-recessionary period since World War II,” said Wilmington Trust chief investment office Tony Roth. Analysts predict Morgan Stanley will end 2019 with 10% more fixed-income revenue over 2015, and its stock gained 25% this year amid a rally in bank shares.

Source: Forbes December 09, 2019 21:11 UTC