|Bid||0.00 x 137000|
|Ask||0.00 x 10000|
|Day's range||40.67 - 40.88|
|52-week range||25.95 - 44.68|
|PE ratio (TTM)||12.13|
|Dividend & yield||0.80 (1.84%)|
|1y target est||N/A|
Morgan Stanley CEO James Gorman isn’t worried about the supposed threat from robo-advisors. Robos won’t dislocate full-service advisors, he tells Business Insider, harkening back to the hype about direct brokerage: “We actually saw this movie once before in 1999, when the direct plays came out, and the big fear was cannibalization. Gorman also takes aim at robos’ big selling point: Their low cost.
Morgan Stanley jumped nearly 2% Tuesday, clearing an alternate entry.
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