Morgan Stanley to splash out more

Morgan Stanley building

Morgan Stanley plans to spend more money on share buybacks and dividends in 2015, executives said, in a step that could help the bank reach a key profitability target this year.

Reuters reports that the bank needs approval from the U.S. Federal Reserve before it can put more money toward shareholder rewards.

Morgan Stanley has submitted a capital plan for 2015, but executives said on Tuesday that they are wary of detailing specifics until they receive a green light from the Fed.

'What we look for is steady increases in capital returns over time - no discontinuous move - and our approach continues to focus on both share repurchase and dividends', Chief Financial Officer Ruth Porat said in an interview. 'But, beyond that, we'll wait till we hear from the Federal Reserve'.

To access the complete Reuters article hit the link below:

Morgan Stanley eyes more buybacks, bigger dividend in 2015

UBS's Weber says euro inflation won't return to target level for 'years'

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts