Jed Horowitz reports for Dow Jones Newswires on comments made by Morgan Stanley CEO Philip Purcell at an investment conference regarding prospects its Discover business unit.
"The thing that would make me change my mind on Discover would be growth," he said at the conference. He added that Morgan Stanley isn't content with simply sustaining business profitability. "Restoring growth in Discover is the challenge."
See this page for information about the webcast of Purcell's comments.