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"Morgan Stanley, one of the largest banks on Wall Street, has promoted 173 employees to managing director roles this year, marking a 12% increase from 2024. This move comes as the banking sector anticipates a friendlier regulatory environment under the incoming Trump administration and expects lower interest rates to stimulate dealmaking. The bank's investment banking sector has been performing well, driven by strength in its dealmaking business. Morgan Stanley is set to report its fourth-quarter results next week, and its shares have gained 35% in 2024, outperforming broader U.S. equity markets."
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