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Morgan Stanley vs Goldman Who Will Win the Top Spot?
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Subscribe04 SEP 2024 / ECONOMY
Morgan Stanley is attempting to reclaim its dominance in U.S. stock trading under new CEO Ted Pick following significant losses from the collapse of Archegos Capital Management in 2021. Morgan Stanley's aggressive strategy has led to a revenue increase of nearly 20% in equities trading, lessening the gap with Goldman Sachs, despite facing intense competition and needing to overhaul risk management protocols after the losses incurred from Archegos.
In Wall Street's fast-paced, dog-eat-dog world, two names have consistently battled for supremacy in U.S. stock trading: Morgan Stanley and Goldman Sachs. Like heavyweight champions trading blows, these titans have long dominated the equity trading ring,...
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