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Delayed Quote. Delayed  - 12/14 10:00:42 pm
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Morgan Stanley : fires former U.S. lawmaker for misconduct

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12/08/2017 | 01:02am CET
FILE PHOTO - Ford Jr. takes part in panel discussion titled

Morgan Stanley fired former U.S. Democratic lawmaker Harold Ford, Jr., a managing director at the Wall Street bank, for inappropriate conduct related to an undisclosed event, a spokeswoman said on Thursday.

Ford, a frequent guest on news and finance TV shows and a five term congressman from Tennessee's 9th district, denied wrongdoing in a statement emailed to Reuters by Ford's lawyer.

"This simply did not happen," Ford, who has worked at Morgan Stanley as a managing director since 2011, said in a statement. He also said in the statement that he "never forcibly grabbed any woman or man in my life."

Ford's lawyer, John Singer, said the firm has not explained the reason for Ford's termination. The Huffington Post reported news of Ford's departure earlier on Thursday, citing interviews with an unnamed woman who claimed Ford harassed her on a night several years ago.

Morgan Stanley spokeswoman Margaret Draper said Ford was let go for "conduct inconsistent with our values and in violation of our policies."

The entertainment and media industries and Congress have grappled with how to address a string of harassment allegations against prominent men.

Democratic Senator Al Franken resigned on Thursday after a series of sexual misconduct allegations against him.

(Reporting by Elizabeth Dilts and Kanishka Singh; Editing by Carmel Crimmins, Susan Thomas, Toni Reinhold)

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Financials ($)
Sales 2017 37 733 M
EBIT 2017 10 264 M
Net income 2017 6 601 M
Debt 2017 -
Yield 2017 1,73%
P/E ratio 2017 14,62
P/E ratio 2018 12,95
Capi. / Sales 2017 2,52x
Capi. / Sales 2018 2,41x
Capitalization 95 168 M
Chart MORGAN STANLEY
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Morgan Stanley Technical Analysis Chart | MS | US6174464486 | 4-Traders
Technical analysis trends MORGAN STANLEY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 52,3 $
Spread / Average Target -0,68%
EPS Revisions
Managers
NameTitle
James Patrick Gorman Chairman & Chief Executive Officer
Thomas Colm Kelleher President
Jonathan Pruzan Chief Financial Officer & Executive Vice President
Bjarne Stroustrup Managing Director-Technology
Katy L. Huberty Managing Director-Research
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