16. PEACE, JUSTICE AND STRONG INSTITUTIONS

Morgan Stanley Posts Higher Profit, Capping Mixed Quarter for Big Banks – The Wall Street Journal

Written by Amanda

Morgan Stanley Posts Higher Profit, Capping Mixed Quarter for Big Banks  The Wall Street Journal

A booming market for deals and brisk demand for financial advice lifted Morgan Stanley fourth-quarter earnings and helped the Wall Street firm set a full-year profit record.

The bank posted a profit of $3.7 billion, up 9%, or $2.01 a share. Analysts expected $1.94 a share, according to FactSet. Revenue rose 7% to $14.5 billion in the quarter, which fell just short of expectations.

Source: wsj.com

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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