Why does Morgan Stanley have TV commercials?

^ that's one. The only service the general public would be interested in is E-Trade, and they have their own commercials. I don't understand why they have commercials. I've seen some from GS, but they were all regarding Marcus. What benefit does MS gain from this?

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Because it is still in the banks' interest to keep their public image from spiraling too low. Don't underestimate the influence public opinion has on regulatory policy, especially on a heavily regulated industry like finance. The GFC was not too long ago and the political climate has shifted dramatically since even Occupy Wall Street to be more and more anti-Wall Street. When was the last time a major national Republican politician called out the "big banks" in the pre-Trump era?  

 
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