Morgan Stanley CEO Warns Against ‘Overreach’

"In our view, while we are happy to have reached many of these firmwide goals, perhaps earlier than some expected, this is not the time to overreach,†Pick told analysts during the company's earnings call. Pick also downplayed the possibility of more acquisitions at Morgan Stanley, saying that valuations for public and private are high and that capital may be better returned to shareholders in the form of dividends. Wall Street stalwart Morgan Stanley had solid fourth-quarter earnings. CEO Ted Pick said he f ...