Moelis Shares Surge on Morgan Stanley's Bullish Outlook

Moelis and Company shares surged by 4.5% today, following Morgan Stanleys optimistic report predicting a comeback for advisory firms. The report highlighted Moelis, Jefferies, and Houlihan Lokey as well-positioned for a strong performance due to an expected rebound in sponsor-led deal activity. Despite a slight cooling after the initial pop, shares closed up 3.6% at $70.11, indicating the market views todays news as significant. However, Moelis is still down 5.5% this year and trades 13.7% below its 52-week high.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.