Morgan Stanley CFO Sharon Yeshaya: Bank is optimistic about capital markets rebounding - interview

Morgan Stanley CFO Sharon Yeshaya: Bank is optimistic about capital markets rebounding - interview

In a recent interview, Morgan Stanley CFO Sharon Yeshaya expressed optimism about the potential rebound in capital markets. Speaking on the current economic climate, Yeshaya highlighted several key factors that contribute to her positive outlook.

"Despite the recent challenges, we remain optimistic about the capital markets," Yeshaya said. "We've seen signs of resilience, particularly in the institutional securities and wealth management segments. The recent growth in net new assets and fee-based flows in our wealth management division is a testament to this."

When asked about the impact of recent market volatility, Yeshaya noted that Morgan Stanley's robust performance in the first quarter of 2025, with record revenues and earnings per share (EPS), demonstrates the bank's ability to navigate uncertain market conditions. "Our strong Q1 results reflect our ability to deliver returns for our clients while supporting them through periods of market volatility," she explained.

Yeshaya also discussed the bank's strategic updates, including the reauthorization of a multi-year common equity share repurchase program of up to $20 billion. "This program underscores our confidence in the long-term growth prospects of the firm," she said. "We believe that this program will provide significant value to our shareholders."

In terms of the broader economic outlook, Yeshaya acknowledged the challenges posed by global economic headwinds, such as tariff uncertainty and weaker growth in Asia. However, she remains optimistic about the potential for a rebound in capital markets, driven by factors such as a weaker U.S. dollar and monetary easing. "We believe that these factors will help offset some of the growth drag in the region," she said.

Overall, Yeshaya's comments reflect a balanced view of the current economic climate, emphasizing both the challenges and the opportunities that lie ahead. "We are well-positioned to capitalize on these opportunities and continue to deliver value to our shareholders," she concluded.

References
[1] https://247wallst.com/investing/2025/07/16/live-earnings-updates-morgan-stanley-nyse-ms-earnings-release-before-the-bell/
[2] https://seekingalpha.com/news/4467811-morgan-stanley-q2-earnings-beat-as-wealth-management-revenue-grows
[3] https://www.morganstanley.com/insights