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 Free 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 Free Report, Goldman Sachs and BlackRock (BLK) - Get Free 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.
“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.