Morgan Stanley market cap premium shrinks against rival Goldman Sachs

Stay informed with free updatesSimply sign up to the US banks myFT Digest -- delivered directly to your inbox.The perennial rivalry between Morgan Stanley and Goldman Sachs is getting more competitive in the eyes of investors, as the investment banks’ stock market values converge to the narrowest gap in more than three years. The shrinking difference in market capitalisation comes after Morgan Stanley warned this week that its flagship wealth management business — which helped make it a..