Morgan Stanley stock slides as Wall Street braces for CPI and fresh AI jitters
Morgan Stanley shares dropped 4.2% to $169.23 in late Thursday trading as investors braced for Friday’s U.S. inflation data. The bank disclosed CEO Ted Pick’s 2025 pay will rise to $45 million, mostly deferred. Financial stocks broadly fell, with Goldman Sachs down 3.6% and JPMorgan Chase off 2.5%.