Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.
The bank reported record quarterly earnings Thursday morning of $1.96 per share, beating analysts' $1.12 per-share estimate.
Morgan Stanley now holds between $6 billion and $10 billion in "excess capital," Gorman said on CNBC, adding "we should also increase our dividend and we should be back on the buyback trail...
Early Facebook investor Peter Thiel offloaded $11.3 million worth of the social media giant's stock on February 6, according to regulatory filings.
The billionaire sold 53,602 shares, trimming his stake by 81%.
Thiel still holds 9,948 shares, worth about $2 million.
The investor also has a stake in Palantir Technologies, and indirectly invested in ventures including Space X and Spotify through his venture capital firm Founders Fund...
