Published 3 years ago

Morgan Stanley profit surges on trading strength

Summary by Reuters

Morgan Stanley posted an about 57% rise in fourth-quarter profit on Wednesday, as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets. Net income applicable to common shareholders rose to $3.27 billion, or $1.81 per share, in the quarter ended Dec. 31, compared with $2.09 billion, or $1.30 per share, a year earlier. Analysts had

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News18 India

Morgan Stanley Profits Rise 48%, Helped By Strong Markets

Morgan Stanley saw its fourthquarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the markets upward swing and investors jubilation for tech stocks and IPOs late last year.

3 years ago·India

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Reuters

Morgan Stanley profit surges on trading strength

- Morgan Stanley posted an about 57% rise in fourth-quarter profit on Wednesday, as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets. Net income applicable to common shareholders rose to $3.27 billion, or $1.81 per share, in the quarter ended Dec. 31, compared with $2.09 billion, or $1.30 per share, a year earlier. Analysts had

3 years ago·United Kingdom

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abc News

Morgan Stanley profits rise 48%, helped by strong markets

Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech stocks and IPOs late last year

3 years ago·United States

Read Full Article

CNBC

Morgan Stanley is set to report fourth-quarter earnings – here’s what the Street expects

Morgan Stanley has the biggest wealth management business among the six largest U.S. banks, operations that typically benefit from rising markets.

3 years ago·United States

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RTÉ

Morgan Stanley profit surges on trading strength

Morgan Stanley has today posted a 57% rise in fourth-quarter profit, as the Wall Street bank's trading business benefited from coronavirus-induced volatility in financial markets.

3 years ago·Ireland

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Russia Today [🇷🇺-affiliated]

Pandemic profiteer: Morgan Stanley makes a killing during coronavirus crisis

Morgan Stanley managed to substantially capitalize in 2020. The US investment bank beat fourth-quarter earnings forecasts to round off the lender’s best year on record.Earnings jumped 51 percent in the final three months of the year. The Wall Street bank’s net income applicable to common shareholders surged to $3.39 billion, or $1.81 per share, in the fourth quarter against $2.09 billion, or $1.30 per share, a year earlier.Analysts had forecaste…

3 years ago·Russian Federation

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