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Morgan Stanley CEO 'super pumped' as deal pipelines stay resilient
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Morgan Stanley CEO 'super pumped' as deal pipelines stay resilient
Jun 10, 2025 9:54 AM

NEW YORK, June 10 (Reuters) - Morgan Stanley ( MS ) CEO Ted

Pick told investors on Tuesday he expected the Wall Street bank

to have a strong end to the quarter after U.S. tariff

announcements paused activity in April.

"I'm super pumped up about the businesses," Pick said at an

annual financial conference hosted by his bank. Dealmaking and

the calendar for equity capital markets are picking up, while

deal discussions have stayed resilient and become more active in

some areas, he added.

Morgan Stanley ( MS ) is the lead underwriter of financial

technology company Chime's initial public offering, which is

expected to close later this week and raise as much as $832

million.

The bank also led IPOs for Hinge Health, raising $437.3

million, and marketing tech firm MNTN, which raised $187.2

million, in May.

"We had maximum tariff volatility through the first half of

the quarter," he said, adding deals were paused through April

and part of May. That has been changing over the last weeks.

On M&A, Morgan Stanley ( MS ) advised financial firm TJC in the

sale of Silvus Technologies to Motorola for $5 billion and AT&T

on the $5.75 billion acquisition of Lumen Technologies' consumer

fiber operations.

Pick also cited the bank's role in advising Toyota's special

board committee on the proposal to take the company private.

The Morgan Stanley ( MS ) CEO said changes in the banking

regulatory framework would be welcome, and that if rules to

calculate the supplementary leverage ratio, known as SLR,

change, the bank may be able to analyze potential acquisitions.

Pick has been one of the most optimistic CEOs during market

volatility after the announcement of tariffs. While presenting

strong first-quarter profit in April, he said he was

"cautiously optimistic that we won't go into recession".

Morgan Stanley ( MS ) reported record equity trading revenue in the

first quarter, with a 45% jump from a year earlier. Pick took

the helm as CEO a year and a half ago, and last month also

became chairman of the board as former Chairman and CEO James

Gorman left the bank.

Gorman had turned Morgan Stanley ( MS ) into a wealth management

behemoth during his tenure, raising the bank's profits and

turning results more predictable.

Last March, Morgan Stanley ( MS ) began laying off 2,000 employees,

around 3% of its global workforce, to improve operational

efficiency. The bank followed decisions by Wall Street rivals to

cut jobs to prepare for a potential downturn.

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