Chief Executive Officer & Chairman of the Board, Morgan Stanley
Search every verified Edward Pick interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ted Pick, chairman and chief executive officer of Morgan Stanley, said on the firm’s first-quarter 2026 earnings call that the company generated a record quarter with revenues of $20.6 billion and earnings per share of $3.43, describing the results as a demonstration of the capabilities of the integrated firm in periods of active markets. He noted that the firm entered 2026 from a position of strength amid increased geopolitical uncertaintyikuha. Pick also stated that the firm’s reported CET1 ratio of 15.1% against a capital requirement of 11.8% provides a capital buffer of over 300 basis points, and said he was encouraged by a period of enhanced regulatory transparency. In interviews with Bloomberg, Pick identified the risk of “imported inflation” through the energy complex, which he said could eventually affect food and living costs and “queer the cost of capital.” He described the private credit market as being in an “adolescent moment,” a learning period for an asset class that has grown rapidly over the past decade. Pick said he expects to see dispersion of returns among asset managers, with those who focused on sector diversification and prudent capital deployment performing better than others. He also said Morgan Stanley does not need to pursue inorganic growth, citing organic potential in its wealth, investment management, and investment banking businesses.
“2026 starts with the tailwinds of constructive fiscal policy and easier monetary policy. As the arc of history resumes, geopolitics are front and center with a broadening set of opportunities and challenges.”
“We are mindful of the combination of geopolitical swirl and ambulant markets. The macro backdrop is complicated. On the one hand, the setup is ideal. We are monetizing the long-awaited conversion of capital markets green shoots across our investment banking and markets verticals.”
“Prudent dividend growth comes first, and accordingly, we have raised our quarterly dividend by 7.5 cents for four years in a row to now a dollar per share. As we've discussed in previous years, excess capital will be directed to continued dividend growth and to ongoing investment in clients and technology across the in...”
“I think the view is that the shareholders ultimately want to see an enterprise that can operate at high levels with the kind of ballast that you began to see over the lows in the last decade and that on the forward we can achieve effectively higher lows. We are going to continue to compound earnings. We are going to no...”
“We are a first user first adopter of AI technology and we're already seeing some of those productivity points play out. Think about the operation space. Think about you used to have two, you know, teams necessarily checking each other on different documentation to make things sure things are right. We now have one huma...”
“The crisis in the Middle East began to bubble up. And folks were thinking going into 2026 this would be a year of investment banking tailwinds, large cap corporate health, momentum, upside trade. And then this exogenous event was creeping up, but it wasn't sort of like a bang COVID that became pretty quickly uninvestab...”
“The biggest risk continues to be that inflation gets imported around the world again through the energy complex and then eventually works its way through the food and general living ecosystem and that becomes that becomes challenging. That that that queers the cost of capital and effectively then uh you start talking a...”
“When I say adolescence, I mean a learning it's a learning period. You know, it's it's grown like a weed and that as you know is a function of an asset class that didn't exist 10-15 years ago. Effectively, the street was replaced on that. It's around a trillion seven. Uh high yields at about a trillion seven, levered le...”
“Wealth management demonstrated continued momentum with growing durable fee-based revenues and increasing margins. Our client acquisition funnel remains unrivaled in driving industry-leading growth. With 118 billion of net new assets and 54 billion of fee-based flows with long-standing relationships across banking and m...”
“Our reported CET1 ratio of 15.1% against a capital requirement of 11.8% translates into a capital buffer of over 300 basis points. We're encouraged by this period of enhanced regulatory transparency and balance as we move through rulemaking comments toward the finalization of Basel.”
“AI is our friend. It is just the latest generation of technology that is going to be part of the ecosystem. We are beginning to evolve from pure efficiency exercises where you could have effectively replacements of what might have been a call center or an operational function to automate routine tasks like moving money...”
“Private credit as a subasset class has come of age over the last number of years as a new set of lenders has stepped in post the financial crisis in the place of Wall Street. While it's still a growing class, it's having a learning moment. We'll call it an adolescent moment where both the lenders and the borrowers are...”
“The firm view is that we hope to work well with the regulator along with the rest of the group to get Basel finalized. We have a window here. The big picture is let's put the puck on the ice once and for all and not everyone's going to get everything they want. That's by definition the way these things would be. But th...”
“The crisis in the Middle East began to bubble up and folks were thinking going into 2026, this would be a year of investment banking tailwinds, large cap, corporate health, momentum, upside, trade. And then this exogenous event was creeping up, but it wasn't sort of like a bang Covid that became pretty quickly on inves...”
“I think the biggest risk continues to be that inflation gets imported around the world again through the energy complex, and eventually it works its way through the food and general living ecosystem. And that becomes that becomes challenging that that that clears the cost of capital. And effectively, then you start tal...”
Morgan Stanley CEO Ted Pick discusses the primary risk of inflation being re-imported globally through the energy sector, which could subsequently impact food prices and overall living costs. He speaks with Bloomberg's Lisa Abramowicz See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leade…
04/15/2026 Q&A: 16:13 Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It als…
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." Stocks surge toward record highs as hopes for peace lift global markets, with the US and Iran agreeing in principle to extend their ceasefire. Earnings season is in full swing, and Wall Street traders at Morgan Stanley and Bank of America cash in on record gains. Plus, Pimco makes a bold $400 million bet on private credit. From the IMF, Bank of England’s Megan Greene joins us live. WeWork’s CEO on the company’s comeback and the future of flexible offices. And Morgan Stanley CEO Ted Pick joins…
Morgan Stanley CEO Ted Pick discusses his perspectives on current market conditions and financial sector developments, including his concerns about "imported" inflation from the war in Iran and the recent concerns about the private credit market. He speaks with Lisa Abramowicz on "Bloomberg Open Interest." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data,…
Morgan Stanley CEO Ted Pick speaks with Lisa Abramowicz on "Bloomberg Open Interest." They discuss his broader market outlook, concerns over war-driven inflation, and what he thinks about recent private credit angst. Morgan Stanley Chief Executive Officer Ted Pick said the $1.8 trillion private credit market is undergoing more scrutiny as part of its “adolescent moment.” “While it’s still a growing class, it’s having a learning moment,” Pick said Wednesday on an earnings call with analysts. “We’ll call it an adolescent moment, where both the lenders and the borrowers are being looked at caref…
Morgan Stanley Chief Executive Officer Ted Pick speaks about the current dealmaking environment. He speaks with Bloomberg's Jonathan Ferro from the World Economic Forum’s annual meeting in Davos, Switzerland. See omnystudio.com/listener (https://omnystudio.com/listener) for privacy information. Bloomberg Talks curates top interviews from around Bloomberg News. Hear conversations with the biggest names in finance, politics and entertainment. On Bloomberg Talks, we round up interviews with Fortune 500 CEOs, government officials, well-known investors and business leaders. Listen to more Bloomb…
Morgan Stanley Chief Executive Officer Ted Pick discusses the current dealmaking environment with Bloomberg on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. Morgan Stanley Chief Executive Officer Ted Pick said the dealmaking environment is thriving as companies are in “excellent” health. “I’m pretty amped up,” Pick said in an interview Wednesday at the World Economic Forum in Davos, Switzerland. The noise in the environment “speaks to a C-suite need to act.” Pick, who took over as CEO of New York-based Morgan Stanley in early 2024, has been leading the bank…
Morgan Stanley Chief Executive Officer Ted Pick speaks about the current dealmaking environment. "Cross-border M&A, large-cap M&A are going to be important," he tells Bloomberg Television. "AI acts as an accelerant to that," Pick adds. He speaks to Bloomberg Television on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business…
Morgan Stanley chairman and CEO Ted Pick joins 'Squawk Box' to discuss the latest market trends, IPO pipeline, M&A outlook, state of the economy, and more.
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