Morgan Stanley quarterly profit more than doubles

Morgan Stanley quarterly profit more than doubles

Morgan Stanley missed analysts’ estimates for quarterly profit on Thursday after spikes in volatility in the end of the fourth quarter hurt trading. The bank was hit by a combination of losses in fixed-income trading and declines in its huge wealth management unit. Morgan Stanley’s net revenue fell 10 per cent to $8.55 billion while net income more than doubled to $1.53 billion.

Simone
Simone
Miles O'Brien
Miles O'Brien 1 year

I bet the bonuses were not cut.

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