Morgan Stanley Posts Solid Financials in Q4 2016 on Fixed-Income Revenue Surge

[kreslik.news]

Morgan Stanley, one of the world’s largest investment banks, said on   Tuesday that its fourth quarter net income rose 87% on the strength of its trading business. Net income for the period was $1.7 billion, compared with income of $908 million for the same quarter a year ago.

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Per-share earnings were 81 cents, handily beating the 39 cents reported in Q4 2015 and a profit of 65 cents a share according to the analysts polled by Reuters.

Revenue for the institutional securities unit, Morgan Stanley’s ... (read more)