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Morgan Stanley's 'most attractive business' is fixed income - CEO

Reuters  |  NEW YORK 

(Reuters) - Stanley called the bank's group its "most attractive business" on Tuesday at a conference the Wall Street firm held in

Despite being one of Stanley's smallest divisions, Gorman said, it has enormous incremental upside. Last year, the set a target to produce $1 billion in quarterly revenue, on average, each year.

Gorman, who is also of Stanley, added the U.S. will move 400-500 employees out of the to other European nations as a result of Britain's vote to leave the

(Reporting by in New York; Editing by Matthew Lewis)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, June 12 2018. 23:45 IST