Morgan Stanley (MS.N) has added two JPMorgan Chase & Co (JPM.N) industrial bankers to join its West Coast team, two sources familiar with the situation said. Rick Polhemus and Mike Groeninger will join as managing director and vice president within Morgan Stanley's industrials group. They will both be based in San Francisco and report to Jeff Hogan, head of Morgan Stanley's Western Region Investment Bank. Morgan Stanley and JPMorgan declined to comment. JPMorgan has seen a shuffling of its West Coast bankers in recent months.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 1.49% or $0.33/share to $22.54. In the past year, the shares have traded as low as $22.40 and as high as $31.04. On average, 11909600 shares of MS exchange hands on a given day and today's volume is recorded at 16727174.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 0.99% or $0.39/share to $39.88. In the past year, the shares have traded as low as $35.16 and as high as $48.36. On average, 28851000 shares of JPM exchange hands on a given day and today's volume is recorded at 30593428.
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