Morgan Stanley's Gorman sees recession through 2021 - CNBC [Seeking Alpha]
Morgan Stanley (MS)
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Financials|Morgan Stanley's Gorman sees recession through 2021 - CNBCApr. 16, 2020 1:24 PM ETMorgan Stanley (MS)Liz KiescheHopes of a "V-shaped" recession are fading, at least according to Morgan Stanley (-0.3%"I would say that through the end of next year,we're goingGorman expects the process of getting people to feel stable again and get small businesses back is going to take months."This is not going to turn on a dime."He had already warned that Morgan Stanleymay not reachBanks are bracing for the recession's impact by setting aside massive reserves to deal with the deteriorating credit outlook caused by the abrupt economic downturn.Click to subscribe to real-time analytics on MSNow read:Climbing The Wall Of Worry: Staying Ahead Of The Bear Market Rally »
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