NEW YORK: Morgan Stanley Chief Executive James Gorman said the bank may "optimize" more of its commodities business as it aims for higher shareholder returns.
Speaking on a call with analysts to discuss third-quarter results on Friday, Gorman said the bank is looking for ways to improve earnings and return-on-equity beyond previously announced plans.
"We believe we remain well positioned for further capital actions given the magnitude of our fundamental strategic change and our improving earnings profile," he said.
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