Why Moelis (MC) Stock Is Up Today
Shares of investment banking firm Moelis & Company (NYSE:MC) jumped 4.5% in the afternoon session after a positive outlook from Morgan Stanley suggested that advisory firms, including Moelis, were poised for a comeback. The investment bank predicted that Moelis, alongside peers Jefferies and Houlihan Lokey, was set for a strong run as sponsor-led deal activity appeared ready for a rebound. An increase in such transactions would directly benefit advisory firms whose core business is to guide comp