Bullish on M&A cycle in 2025
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The leading technology investment banker would return to the bank at a later date.
Michael Grimes, a technology banker with Morgan Stanley, is in talks to leave the bank for a position in U.S. President Donald Trump's administration, the Wall Street Journal reported on Wednesday, citing people familiar with the discussions.
Morgan Stanley eyes crypto expansion under Trump, collaborates with regulators on digital asset adoption and institutional services.
The chief executive of banking giant Morgan Stanley reportedly says the firm is willing to work with US regulators on crypto offerings.
On Wednesday, Morgan Stanley (MS) stock saw a decline, ending the day at $136 which represents a decrease of $-1.30 or -0.95% from the prior close of $137.3. The stock opened at $137.26 and touched a low of $135.82 during the day, reaching a high of $138.38. The volume of shares traded was 7.02 million exceeding the average volume of 6.73 million.
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 2.03% of Sonos Inc (SONO)’s shares, while financial institutions hold 90.97%.
The CEO also said he is ‘bullish’ on the potential for stock sales, including initial public offerings in 2025.
Traders looking to sell the world’s reserve currency are far more common than thought even as the dollar’s dominance rips across markets, according to Morgan Stanley.
U.S. stocks rose to a record Thursday as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year.
Astera Labs ( ALAB 0.63%) stock is sinking this week following new analyst coverage. The semiconductor specialist's share price had fallen as low as 15.8% for the week during Thursday's trading before recovering to a 7.1% dip on the week, according to data from S&P Global Market Intelligence.