Morgan Stanley is on Track to Resume Stock Buybacks and Raise its Dividend in 2021, CEO Says

Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.
The bank reported record quarterly earnings Thursday morning of $1.96 per share, beating analysts' $1.12 per-share estimate.
Morgan Stanley now holds between $6 billion and $10 billion in "excess capital," Gorman said on CNBC, adding "we should also increase our dividend and we should be back on the ...
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