Real Talk: Morgan Stanley is Becoming Irrelevant
I mean it's not even playing second fiddle to GS anymore. It's playing third fiddle to GS and Dimon's gang. Imagine being beaten at your own game (IBD) in pretty much every league table by some retail bank. That would be like Wells Fargo beating you.
Is MS even relevant? They're tiny (market cap is like 80 billion, that's smaller than Roblox or Lucid Motors), they don't have a commercial/retail arm like Citi, Wells Fargo or RBC that keeps them relevant and recognizable by people outside high financé and they're expanding into PWM which is very very unprestigious (PWM is basically mutual/insurance sales).
I think ML should be the #3 bulgie bracket, because of their titantic retail/commercial division (Bank of America) and the more recognizable and prestigious Merrill Lynch brand name.
Yes. Morgan Stanley is irrelevant. Nobody there makes a good living, nobody finds it impressive that you procured a job there, and nobody there leaves for an attractive exit opportunity.
Excellent take on your part.
Ok prospect
I completely agree with your point that nobody finds it impressive to work there.
Honestly MS is known for the easiest interviews and GPA cutoffs
Btw you know BofA doesn’t use the ML name anymore? ML is now strictly PWM and just goes by “Merrill.” IB is under BofA Securities.
I refuse to acknowledge that
Funny that Justine Tobine is listed as "Non-Profit" given that, yes indeed, her firm does not make any profit
How do you not make a profit when you don't have to pay your analysts?
You must be trolling
Irrelevant on what basis exactly?
Their Q1 advisory revenues up 80% YoY.
They’re not far from GS and JPM by revenue and deal value
Fucking obviously
I would actually go and say that they're the best bank but also work the hardest, at least in my part of the world.
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