|Bid||46.17 x 100|
|Ask||47.20 x 100|
|Day's Range||47.12 - 47.85|
|52 Week Range||27.79 - 48.04|
|PE Ratio (TTM)||14.00|
|Dividend & Yield||1.00 (2.10%)|
|1y Target Est||N/A|
Keep your eyes peeled for September, when the Fed may start paring its $4.5 trillion balance sheet.
Morgan Stanley has been thumping old rival Goldman Sachs lately, and wealth management is a key reason, writes Investopedia. Goldman’s market cap edge over Morgan Stanley, which was $50 billion in 2009, has shrunk to less than $6 billion. Meanwhile, Goldman has been hurt by the massive shift of trillions of dollars of investor money to passive mutual funds and ETFs, which has dampened its trading volume, the Journal says.
The Federal Reserve announced it will start to wind down its $4.5 trillion balance sheet "relatively soon," but not today.