macro

Unemployment remains a key macro factor, because if people can’t pay back their loans, banks’ credit will suffer.

Morgan Stanley MS -0.84%decrease; red down pointing triangle Chief Executive Ted Pick described the backdrop in an earnings call as one in which “macro uncertainty and enormous opportunity uncomfortably coexist.”

“These are not big hitters, but point to macro weakness,” Garvey said.

The IT services company is also midway through its transformation and now doesn’t expect a significant growth acceleration in FY27 because of the slow macro environment, they add.

Morgan Stanley Chief Executive Ted Pick described the backdrop in an earnings call as one in which “macro uncertainty and enormous opportunity uncomfortably coexist.”