As investment banking operations should be unencumbered by these one-time charges over coming years, we expect margins to improve sharply over 2015-2016 before leveling out around 35% in the long run. Also, Morgan Stanley should be able to eke out some more profits from its wealth management unit in the near future - cementing the division's position as the cornerstone of the bank's business model.
As investment banking operations should be unencumbered by these one-time charges over coming years, we expect margins to improve sharply over 2015-2016 before leveling out around 35% in the long run. Also, Morgan Stanley should be able to eke out some more profits from its wealth management unit in the near future - cementing the division's position as the cornerstone of the bank's business model.
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