Reports of MS's demise...have been greatly exaggerated?
(Senior Baboon, 176
Points)
on 12/2/12 at 9:45am
Fellow Monkeys,
Morgan Stanley has been taking quite a beating in this forum, as well as many others. Revenues are down, its compensation, already lacking, is also down, and everyone seems to be pretty downbeat on them.
What is your opinion on Morgan Stanley? Still the #2 IBD? Overtaken by JPM? How does it compare to Goldman? And, above all, is it still a desriable place to work for, especially given its future outlook?
To the starving man, beans are caviar





Damn, I don't know about you,
Damn, I don't know about you, but kids from my school will happily take whatever they can get (BAML, DB, UBS). They'd probably be even more happy if its MS.
But.. maybe youre just a future superstar who can get whatever job he wants..
MS is still an absolutely top
MS is still an absolutely top BB and Meredith Whitney being disappointed in their ROE does nothing to change that.
I don't know anyone who
I don't know anyone who thinks that MS "has been taking a beating."
MS' fixed income revenue has
MS' fixed income revenue has been underperforming for years. The firm has a relatively dominant commodities and equities presence, however, and the banking foothold hasn't slipped at all. On the IBD side, the firm is doing far better than in trading. Really interesting, therefore, to see Taubman let go in favor of Colm Kelleher assuming sole control of the institutional securities arm.
It's a firm with a sterling record; if you get the offer, take it. Very simple.
A lot of people do certain things to add days to their life. I do things to add life to my days.