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Morgan Stanley Investors Await Fed's Buyback Blessing

wochit business
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March 25, 2014 AT 4:20 AM
Morgan Stanley shareholders will find out this week whether the U.S. Federal Reserve will allow the bank to start returning capital to shareholders in a meaningful way for the first time since the financial crisis. But analysts and investors say, even if the Wall Street bank gets the Fed's blessing to buy back more shares and potentially raise its dividend, it is unlikely to hit a shareholder return target Chief Executive James Gorman set out for this year.