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Morgan Stanley shares pop after bank reports better-than-expected earnings

January 18, 2018

Via: CNBC
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Morgan Stanley posted fourth-quarter earnings and revenue on Thursday that beat analyst expectations, excluding a charge related to the tax bill, as strong results in wealth management offset a big drop in fixed income trading revenue.

Here’s how the banking giant fared against analyst estimates:

  • EPS: 84 cents per share vs. 77 cents expected by Thomson Reuters
  • Revenue: $9.5 billion vs. $9.2 billion expected
  • Wealth management: $4.41 billion vs. $4.32 billion expected by StreetAccount

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