A Deep Dive Into Morgan Stanley's 3Q Results

The transcript discusses Morgan Stanley's recent earnings report, highlighting a significant earnings beat driven by strong performance in fixed income and M&A. The discussion covers the sustainability of this growth, particularly in fixed income and equity trading, and emphasizes the importance of wealth management as a high-margin, less capital-intensive area. The conversation concludes with an analysis of the stock price target, focusing on capital return and achieving ROAE targets.

How does the performance in the fixed income side compare to previous quarters?

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What are the expectations for Morgan Stanley's stock price target and what factors could influence it?

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