Morgan Stanley Reports Record Earnings, Stock Slides On Surprising $911MM Archegos Loss

Morgan Stanley’s shares climbed 18% this year through Thursday. The stock fell 1% at 7:45 a.m. in early trading in New York.

As Bloomberg reminds us, in January, Morgan Stanley CEO James Gorman surpassed Jamie Dimon as the best-paid CEO of a major U.S. bank, after being awarded $33 million for the firm’s performance in 2020 while running a firm that’s a third the size of JPMorgan.

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