Coronavirus recession outlook: Why Morgan Stanley is best positioned - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Here's why Goldman Sachs analysts think Morgan Stanley's stock will be Wall Street's big winner if a full-blown coronavirus recession strikes

Morgan Stanley is also less exposed to credit risk, analysts said, pointing to the bank's smaller bank loan book. Loans comprise around 15% of its total balance sheet, while they stand at about 40%, on average, for its big-bank peers.wealth management

arm has become a more central part of its overall business in the decade since the global financial crisis, shifting away from more volatile businesses like trading. Wealth is typically seen as a more reliable, durable business as clients usually lock in with steady fees for many years. Some 50% of Morgan Stanley's overall revenue come from its wealth and asset management businesses, the Goldman Sachs analysts pointed out, relative to around 20% for big-bank peers. At the same time, Goldman Sachs listed lower market levels posing a risk around the existing assets in Morgan Stanley's $2.7 trillion wealth management business. that's set to close later this year.

"Moreover, if we do see GDP growth expectations stabilize in the context of a 0% interest rate environment, MS screens as best positioned, given that low interest rates have historically catalyzed investors to allocate more assets into equities as they seek yield," Ramsden's team wrote, pointing to the wealth and asset management opportunity.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Stock market outlook: Gains from 2016 Trump win erased by coronavirus - Business InsiderThe Trump administration initially downplayed the virus, with top economic adviser Larry Kudlow calling the outbreak 'contained' on February 25. Terrible stuff.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

ICE London office closed rest of week after confirmed coronavirus case - Business InsiderIntercontinental Exchange is closing its London office, home to its European futures business, for the remainder of the week in one of the first signs of a key market-structure player impacted by coronavirus Bitcoin never closes
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Why this health center's tech overhaul was key in its coronavirus plan - Business InsiderProvidence St. Joseph Health is using a chatbot to field initial questions from patients and keep hospitals free for the most severe cases.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Coronavirus stock market strategy, why it's time to buy: Jeremy Siegel - Business Insider'One of the buying opportunities of a lifetime': Here's why Wharton professor Jeremy Siegel thinks the coronavirus-driven stock rout is laying the foundation for a massive bounce back NotoriousPBnJ Wharton's Jeremy Siegel: There's light at the end of this dark tunnel via YouTube Just before the 28% crash he was bullish.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »