NEW YORK (AP) — NEW YORK (AP) — Morgan Stanley (MS) on Thursday reported fourth-quarter profit of $3.71 billion.
The New York-based company said it had earnings of $2.22 per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The investment bank posted revenue of $27.16 billion in the period. Its revenue net of interest expense was $16.22 billion, which also topped Street forecasts. Six analysts surveyed by Zacks expected $14.88 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MS at https://www.zacks.com/ap/MS
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