After years of ratcheting back trading operations in favor of more stable businesses, Morgan Stanley is quietly plotting a comeback. The Wall Street firm is pushing for more fixed-income trading business, where it lost billions of dollars during the crisis and historically suffered from bad timing. Now, the firm hopes adding market share in the division, which trades bonds, swaps, currencies and other debt securities, could help Chairman and Chief Executive James Gorman hit long-held profitability targets. But the effort could...
Morgan Stanley has announced that it is looking for more fixed - income banking activities in the hope of meeting long - held profitability targets . However , this move is concerning some analysts , managers and investors who have questioned the bank 's recent development of less - risky activities .