Morgan Stanley's Kelleher Sees Trading 'Over Exuberance'

The transcript discusses the current state of the market, focusing on trading performance and revenue expectations for Morgan Stanley. It highlights the impact of recent elections on market sentiment and the potential regulatory changes under the Trump administration. The conversation also covers the implications of Brexit on financial services and the need for strategic adjustments in response to evolving market conditions.

What is the speaker's overall outlook on the financial markets for 2017 and 2018?

What changes does the speaker suggest for financial regulation?

How does the speaker perceive the current state of the European banking system?

What are the implications of Brexit on Morgan Stanley's operations?