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"With growth forecast to slow, the refi wall approaching and the average cost of debt starting to rise, we expect higher-for-longer rates to become more material for earnings. Don’t be complacent." - Morgan Stanley https://t.co/rNwhFKwSB1
New Morgan Stanley CEO Ted Pick sees growth despite ‘unusual’ economy https://t.co/A0X05H4IMR
#Morgan Stanley CEO says higher #rates are good for #business
Morgan Stanley's CEO Ted Pick believes that higher-for-longer interest rates are beneficial for the company's business. He also mentioned that the use of AI could save financial advisers at Morgan Stanley between 10 and 15 hours per week. Despite an 'unusual' economy, Pick sees growth prospects for the company.