In a research note published today, the analyst mentions that Morgan Stanley’s exercise to purchase an additional 14% of Morgan Stanley Smith Barney Holdings (MSSB) from Citigroup is positive. Moreover, the process can take 90 days to come to an agreed price. Currently, Morgan Stanley holds 51% stake in MSSB.
MS’s profile in the private wealth management market is a key driver for stable growth to buffer trading volatility and risk taking in the capital markets, especially for trading in derivative products, according to S&P Capital IQ.
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