How Morgan Stanley, Major Banks Are Approaching Employee Vaccinations

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As about half of the U.S. population is on the verge of getting fully-vaccinated for COVID-19, major U.S. financial companies have taken the lead in encouraging employees to get vaccinated.

Morgan Stanley  (MS) - Get Report will reportedly allow fully-vaccinated people to enter its New York offices beginning July 12. This means both clients and staff will be barred if unvaccinated.

Here's what Jim Cramer had to say about the latest moves from Morgan Stanley and other big banks. 

Other financial institution like JPMorgan Chase  (JPM) - Get Report, Goldman Sachs and BlackRock  (BLK) - Get Report have instructed their employees to give their vaccine statuses. They said that the status reports will help guide a safe return to the office.

Seeing the increased number of vaccinated people, Bank of America  (BAC) - Get Report is expecting its vaccinated staff to return to work after Labor Day.

“We'll be able to operate fairly normally and will then start to make provisions for the other teammates as we move through the fall," Bank of America CEO Brian Moynihan told Bloomberg Television this month.

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