Morgan Stanley earnings jump on soaring trading and dealmaking revenues
- Morgan Stanley reported a fourth-quarter adjusted EPS of $2.22, beating the consensus of $1.70, with net earnings more than doubling to $3.7 billion from $1.52 billion a year ago.
- The bank's revenue for the fourth quarter was $16.22 billion, up 26% year over year, exceeding the consensus of $15.03 billion.
- Investment Banking revenues increased by 25% to $1.64 billion, while Wealth Management reported net revenues of $7.5 billion, compared to $6.6 billion a year ago.
- CEO Ted Pick stated, "An excellent fourth quarter with a 20% ROTCE... Capping off one of the strongest years in the Firm's history.
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Total News Sources0
Leaning Left2Leaning Right2Center7Last UpdatedBias Distribution64% Center
Bias Distribution
- 64% of the sources are Center
64% Center
L 18%
C 64%
R 18%
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