Earnings

Morgan Stanley MS Q4 2022 earnings beat

0


A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.

Brendan McDermid | Reuters

Morgan Stanley reported fourth-quarter earnings on Tuesday that exceeded Wall Street expectations, boosted by the bank’s record wealth management revenue and growth at its trading business.

Shares of the firm climbed 5.8% Tuesday after the results.

In the fourth quarter, net income fell to $2.11 billion, or $1.26 per share, from $3.59 billion, or $2.01 per share, a year ago, but it topped an analyst estimate of $1.19 a share from Refinitiv.

Profit has been hurt by a slowdown in deal-making over the past year, prompting the New York-based…



Source cnbc.com

0 0 votes
Article Rating

United Airlines (UAL) earnings Q4 2022

Previous article

China’s growth in 2023 largely hinges on the consumer: KraneShares

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Earnings