Following Morgan Stanley’s record first-quarter 2026 results, Chairman and CEO Ted Pick spoke with Bloomberg about the firm’s positioning for the next phase of growth—and where he sees opportunity as markets digest shifting geopolitics and changing expectations for rates and growth.
In the interview, Pick discussed how investors are approaching the conflict in the Middle East, the expanding role of private credit in client portfolios and the importance of staying close to clients during periods of volatility. He pointed to the risk that inflation could be re-imported globally through the energy sector—potentially pushing up food prices and overall living costs—and shared how that uncertainty is shaping market sentiment. Watch the full conversation.
