The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year.

The Walt Disney Co. has tapped James Gorman to lead its succession planning committee as the entertainment company continues to work toward finding someone to take over the helm from Bob Iger.

Investment bank Morgan Stanley says its fourth-quarter profits rose 9% from a year ago, helped by a big jump in fee revenue from its growing asset and wealth management business.

Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card.

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

NEW YORK – Morgan Stanley will buy the investment management firm Eaton Vance in a deal valued at about $7 billion. Eaton Vance shareholders will receive $28.25 per share in cash and 0.5833 of Morgan Stanley common stock, or approximately $56.50 per share. Based on the $56.50 per share, the amount paid to Eaton Vance shareholders will consist of about 50% cash and 50% Morgan Stanley common stock. Eaton Vance shareholders will also receive a one-time special cash dividend of $4.25 per share to be paid before the transaction's closing by Eaton Vance to its shareholders from existing balance sheet resources. Shares of Eaton Vance Corp. spiked 47% at the opening bell Morgan Stanley rose slightly.