Article: Morgan Stanley in Hiring Mood - Analyst Blog

Morgan Stanley in Hiring Mood - Analyst Blog


Morgan Stanley
( MS ) plans to hire as many as 400 traders and salespeople. The hiring spree aims at ramping up profit in the company’s emerging markets, foreign exchange, equity derivatives and prime brokerage businesses and thereby taking the company out of three straight quarters of losses.
 
This move comes after Morgan Stanley reported a second-quarter loss, while its major competitors Goldman Sachs Group Inc. ( GS ) and JPMorgan Chase & Co. ( JPM ) reported strong earnings. After last year's meltdown of the banking sector, Morgan Stanley steered away from risky investments that led to the demise of some of its ...

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