Morgan Stanley reported a notable increase in profit for the fourth quarter, surpassing analysts' expectations. The financial institution achieved earnings of $3.714 billion, or $2.22 per share, compared to $1.517 billion, or $0.85 per share, during the same quarter in the previous year. According to Thomson Reuters, analysts had projected a profit of $1.69 per share, typically not including any special items in their estimates. Furthermore, Morgan Stanley’s quarterly revenue saw a significant rise of 25.8%, climbing to $16.223 billion from last year’s $12.896 billion.
A summary of Morgan Stanley's fourth-quarter GAAP earnings is as follows:
- Earnings: $3.714 billion, up from $1.517 billion in the previous year.
- Earnings Per Share (EPS): $2.22, compared to last year's $0.85.
- Revenue: $16.223 billion, an increase from last year’s $12.896 billion.
