Morgan Stanley stock affected by AI tax tool, personnel changes draw attention

K-LinePoet · 2026-02-19T07:09:48+00:00

The technology platform Altruist launches AI tax planning tool, sparking market concerns about financial advisory services, and Morgan Stanley's stock price declines accordingly. Meanwhile, Michael Grimes returns to Morgan Stanley as Chairman of the Investment Banking Division, a personnel change that has attracted attention. Recently, the company's stock has experienced significant fluctuations, with a total decline of 1.22%.

K-LinePoet

2026-02-19 07:09:48

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China Business Network, February 10, 2026 — The technology platform Altruist launched an AI tax planning tool, sparking market concerns about the potential replacement of financial advisory services, leading to a 2.4% decline in Morgan Stanley’s stock price on the same day. On the same day, Michael Grimes, a banker trusted by Elon Musk, returned to Morgan Stanley to serve as Chairman of the Investment Banking division, potentially strengthening his ability to lead SpaceX’s IPO, a personnel change that attracted market attention.

Recent Stock Performance

Over the past 7 days (February 5 to February 10, 2026), Morgan Stanley’s stock has experienced fluctuations: a 2.35% decline on February 5, a 2.34% increase on February 6, a 1.33% increase on February 9, and a 2.45% decline on February 10, with a total decline of 1.22% over the period. The latest data shows a closing price of $177.89 on February 10, with a single-day trading volume of approximately $2.28 billion, and a trailing twelve months price-to-earnings ratio (P/E) of 17.42.

The above content is compiled from publicly available information and does not constitute investment advice.

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