Morgan Stanley's (MS) Gorman: We Were 100% Within the Rules on Facebook's (FB) IPO
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Price: $24.35 +0.41%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +22.6%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.8%
Revenue Growth %: +22.6%
Trade MS Now!
Morgan Stanley (NYSE: MS) shares are off of intraday lows Wednesday following comments from CEO James Gorman that the firm stayed 100 percent within the rules on Facebook's (Nasdaq: FB) IPO. Gorman addressed the issued at a weekly strategy meeting.
In addition, Gorman said Morgan Stanley received regulatory calls for its information-sharing process. He also noted there was "unprecedented confusion and disarray" in the opening hours of Facebook's IPO.
Shares are down 3.4 percent on the session.
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In addition, Gorman said Morgan Stanley received regulatory calls for its information-sharing process. He also noted there was "unprecedented confusion and disarray" in the opening hours of Facebook's IPO.
Shares are down 3.4 percent on the session.
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