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