Morgan Stanley’s Net Income Increases 18%
- Share via
From Bloomberg News
Morgan Stanley, the second-biggest U.S. securities firm, said its fiscal fourth-quarter profit rose 18% as the company earned more from trading stocks and advising on takeovers.
Net income in the three months ended Nov. 30 rose to $1.2 billion, or $1.09 a share, from $1 billion, or 92 cents, a year earlier. Analysts had expected earnings of $1.01 a share, according to Thomson First Call.
Morgan Stanley shares rose 85 cents to $54.50 on the New York Stock Exchange.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
