Investing

Morgan Stanley Earnings Q4 2019 beat estimates

0


Morgan Stanley shares popped after the firm exceeded analysts’ profit estimates and each of its three main businesses produced more revenue than expected. 

The bank said Thursday that fourth-quarter profit surged 46% to $2.24 billion, or $1.30 a share, compared with the 99 cent estimate of analysts surveyed by Refinitiv. Revenue climbed 27% to $10.86 billion, exceeding the $9.72 billion estimate by more than $1 billion.

Shares of the firm rose 2.7% in premarket trading. 

“We delivered strong quarterly earnings across all of our businesses,” CEO James Gorman said in the release. “Firmwide revenues were over $10 billion for the fourth consecutive quarter, resulting in record full year…



Source cnbc.com

Southwest pulls Boeing 737 Max until June as airlines dig in for longer delays

Previous article

Payless ShoeSource emerges from bankruptcy—again

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Investing