Morgan Stanley expects mergers, IPOs to lag trends through 2024

By Tatiana Bautzer and Arasu Kannagi Basil



NEW YORK (Reuters) - Morgan Stanley expects activity for mergers, acquisitions and initial public offerings to remain below trends for the rest of the year, its co-president Dan Simkowitz said on Tuesday.

Activity will probably pick up next year as central banks cut interest rates, said Simkowitz, who also leads the Wall Street giant's Institutional Securities Group.

Source: Investing.com