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BRIEF-Morgan Stanley CEO: Firm cut risk-weighted assets quickly
January 18, 2013 / 4:16 PM / 5 years ago

BRIEF-Morgan Stanley CEO: Firm cut risk-weighted assets quickly

Jan 18 (Reuters) - Morgan Stanley : * CEO Gorman: We reduced risk-weighted assets faster than planned * CEO James Gorman speaks to analysts * Gorman: May revisit profit target for wealth management at

mid-year * CFO Ruth Porat: Still committed to boosting bond trading market share by 2 percentage points * CFO: Fewer trading days, other factors may bring down pretax margin in wealth management * CFO: 17 pct pretax margin in wealth business may not be sustainable in 1st quarter * CEO: Firm can get to 10 pct return on equity without improved market conditions * CEO: Firm ‘working aggressively’ to drive higher returns

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