Notable business headlines include Toyota CEO Akio Toyoda stepping down, Elon Musk seeking $3 billion for Twitter debt, and Morgan Stanley employees fining bankers $1 million.
Morgan Stanley (MS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Although names like JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Goldman Sachs (NYSE: GS) often come to mind when you think of the top players on Wall Street, the highest-valued large U.S. bank on the street is actually Morgan Stanley (NYSE: MS). It wasn't always this way, and Morgan Stanley has transformed its business a lot in recent years to achieve the top spot, largely by focusing on wealth and investment management.