TITLE

A White Knight For Morgan Stanley?

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
June 2005
SOURCE
Investment Dealers' Digest;6/27/2005, Vol. 71 Issue 25, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information on the business acquisitions and financial ventures of J.P. Morgan Chase & Co. As Morgan Stanley hobbles along with disappointing performance and a lame-duck chief executive, public debate on the cure has focused mainly on finding a replacement for departing chief Phil Purcell. J.P. Morgan, which would reunite the House of Morgan, will remedy the ailing firm, according to Richard Bove, analyst with Punk Ziegel & Co., who reports that some of his clients are promoting this idea. GE Financial Services Inc.s' name has also surfaced as a possible deep-pocketed buyer for Morgan Stanley. J.P. Morgan's agreement last week to buy Neovest Holdings Inc., a provider of trading technology and direct market access which might preclude a large acquisition such as Morgan Stanley.
ACCESSION #
17458623

 

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