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Morgan Stanley Profit Shoots Higher, Fueled by Wall Street – The Wall Street Journal

Fourth-quarter profit jumped 51%; results topped analyst estimates



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Morgan Stanley said fourth-quarter profit rose 51% from a year earlier, another big U.S. bank to emerge from a turbulent year in better shape than was expected at the onset of the coronavirus pandemic.
The New York-based firm reported a profit of $3.39 billion, or $1.81 a share. Revenue increased 26% to $13.64 billion. Both beat the consensus estimates of analysts polled by FactSet, who predicted per-share earnings of $1.30 on revenue of $11.58 billion.
Morgan Stanley rounded out fourth-quarter…

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