XLF - Morgan Stanley's Earnings: Q4 Beats Revenue Estimates Despite Profit Decline | Benzinga
Morgan Stanley (NYSE:MS) reported a fourth-quarter net profit of $1.5 billion, or 85 cents per diluted share, compared to $2.2 billion or $1.26 in the prior year.
The company reported revenues of $12.9 billion, beating the consensus of $12.75 billion.
The Wealth Management division generated $6.65 billion in revenue, unchanged Y/Y.
Investment Banking produced $1.32 billion in revenue, up by 5.3% Y/Y.
Investment Management net revenues were $1.46 billion, ...