Y'all Street is booming: What financial giants like Morgan Stanley and Goldman Sachs are building in Texas
From Morgan Stanley to Goldman Sachs, Wall Street stalwarts are expanding in Texas, drawn by business-friendly taxes and regulations.
Financial giants such as Morgan Stanley and Goldman Sachs are investing heavily in Texas, expanding their operations in the state. Morgan Stanley plans to open its permanent Dallas hub by 2031, while Goldman Sachs is spending $500 million on a new campus in the city, which is expected to have over 5,000 employees. Bank of America is also opening a campus in Dallas in 2027, while JPMorgan Chase has a campus in a Dallas suburb with over 12,500 employees.
The Texas Stock Exchange, based in Dallas, began trading in July, taking on competition from the New York Stock Exchange and Nasdaq. The state's low taxes, light regulations, and cheaper cost of living have attracted corporations across industries to Texas, leading to the establishment of "Y all Street" in the city.
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