03:00 Thu 29 Jun 2017
Morgan Stanley Announces Share Repurchase of up to $5 Billion of Common Stock and the Increase of It
--(BUSINESS WIRE)--
(: MS) today announced that the of
the (“Federal Reserve Board”) did not object to
the Firm’s 2017 Capital Plan. The capital plan includes the repurchase
of up to of outstanding common stock for the four quarters
beginning in the third quarter of 2017 through the end of the second
quarter of 2018, an increase from in the 2016 Capital Plan,
as well as an increase in the Firm’s quarterly common stock dividend to
per share from the current per share, beginning with the
common dividend expected to be declared for the third quarter of 2017.
, Chairman and Chief Executive Officer of ,
said, “For the fifth consecutive year we have increased our capital
return to shareholders. This underscores the strength of Morgan
Stanley’s capital position and the significant changes we have made to
our business model and risk profile. We will continue to invest in our
franchise and execute on our strategic priority of increasing capital
returns subject to any changes to the CCAR process."
is a leading global financial services firm providing
investment banking, securities, wealth management and investment
management services. With offices in more than 42 countries, the Firm's
employees serve clients worldwide including corporations, governments,
institutions and individuals. For more information about ,
please visit .
Media Relations:, 212-761-9621orInvestor
Relations:, 212-761-1632
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