Morgan Stanley (MS) Revs Up Its Push Into Retail Banking

The Wall Street Journal reported that Morgan Stanley (NYSE: MS) is reviewing a variety of scenarios to increase its deposits, two months after converting to a bank holding company. Options include acquiring regional banks to complement their brokerage and asset management clients.

Morgan Stanley already has about $36 billion in deposits, ranking it among the 50 largest U.S. banks. These deposits are tiny compared to the roughly $800 billion in assets Morgan Stanley held October, 31st.

Some of the growth likely will come from existing Morgan Stanley offices, scattered from Boca Raton, Fla., to Menlo Park, Calif. Morgan Stanley could get some advice from Mitsubishi UFJ Financial Group. The Japanese bank has a 21% stake in Morgan Stanley, also owns UnionBanCal Corp, which has $42.4 billion of deposits.

Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals.
Subscribe to EasyStockAlerts.com & Get real-time e-mail alerts when news hits your stocks!

You May Also Be Interested In

• Ryan Cohen isn't done chasing eBay (EBAY) - Barron's
• Susquehanna Downgrades Nu Holdings (Nubank) (NU) to Neutral