Business and Finance Business and Finance
Thu, January 16, 2025
[ 01:40 PM ] - MSN
UK economy rebounds but headwinds remain for govt
[ 01:20 PM ] - Kiplinger
The Fine Print: What Trump Isn't Telling You About His Tax Plans
[ 11:40 AM ] - MSN
UnitedHealth CEO Andrew Witty remembers Brian Thompson's impact on the business
[ 11:20 AM ] - Kiplinger
Taiwan Semiconductor Earnings Fuel a Rally in Chip Stocks
[ 11:20 AM ] - CNET
ExpressVPN Identity Defender Review: Great VPN, Basic ID Theft Protection
[ 10:40 AM ] - Reuters
US consumer finance watchdog fines payments firm Block over Cash App operations
[ 09:40 AM ] - Reuters
Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales
[ 09:21 AM ] - AOL
Massive new Trump tariffs are looming. Here's how these import 'taxes' work and who pays for them
[ 08:41 AM ] - MSN
Warren demands clarity for big business exemptions to Trump's tariffs
[ 08:41 AM ] - MSN
From Loss to Recovery: Small business owner fights back after $50,000 bank imposter scam
[ 08:40 AM ] - Kiplinger
Seven Tips to Land Your First Client as a Financial Adviser or Entrepreneur
[ 08:40 AM ] - Reuters
PNC Financial's profit rises on interest income growth, lower rainy-day funds
[ 08:20 AM ] - Forbes
Investing In Women: A Strategic Imperative For Diverse And Profitable Venture Capital
[ 07:40 AM ] - MSN
Polestar Automotive expects positive adjusted EBITDA in 2025
[ 07:21 AM ] - Kiplinger
Asset Protection for Affluent Retirees in 2025
[ 07:21 AM ] - Forbes
Made In America: 5 Strategies To Respond To Potential Tariffs
[ 07:20 AM ] - Reuters
EV maker Polestar's full-year car sales miss forecast
[ 07:01 AM ] - Reuters
Morning Bid: Inflation relief and bumper bank earnings
[ 07:01 AM ] - MSN
Dimon Sees Red Flags for Markets in a Healthy Eco .. omy. Here's Why and 5 Other Things to Know Today.
[ 07:00 AM ] - Reuters
Bank of America profit rises on investment banking boost
[ 07:00 AM ] - Reuters
M&T Bank fourth-quarter profit jumps 41% on higher fee income
[ 06:20 AM ] - Kiplinger
A Strategic Way to Address the Tax-Deferred Disconnect
[ 06:20 AM ] - timesnownews
UPI Goes Global: NIPL and Magnati Bring QR-Based Payments to UAE Merchants
[ 06:00 AM ] - MSN
Lenders expect mortgage demand to shrink in early 2025, Bank of England finds
[ 05:40 AM ] - MSN
Team SA ready to showcase nation's potential at WEF in Davos
[ 05:21 AM ] - MSN
US Firm Behind Adani Scandal Investigation Announces Closure
[ 04:20 AM ] - Reuters
Bank CEOs expect Trump bump to business as profits surge
[ 03:20 AM ] - MSN
THIS man married an actress who made her debut wi .. kh Khan and has net worth Rs 110 crore, she is...
[ 03:01 AM ] - MSN
Why is Apple replacing Goldman Sachs as its credit card partner?
[ 03:00 AM ] - TechRadar
Identifying the evolving security threats to AI models

Morgan Stanley's profit more than doubles on boost from dealmaking, stock sales


Published on 2025-01-16 09:40:47 - Reuters
  Print publication without navigation

  • Morgan Stanley's profit more than doubled in the fourth quarter, fueled by a wave of dealmaking and stock sales that drove its revenue to a full-year record.

Morgan Stanley reported a significant increase in its fourth-quarter profit, with earnings jumping to $1.38 billion, or $0.85 per diluted share, from $1.26 billion, or $0.74 per share, the previous year. This 11% rise was primarily driven by a recovery in its investment banking sector, which saw a 5% increase in revenue to $1.45 billion, fueled by higher equity underwriting and fixed-income trading. Despite a challenging economic environment, the bank's wealth management division also performed well, with net revenue rising by 6% to $6.65 billion, although this was slightly offset by a $249 million fine related to block trading. Overall, Morgan Stanley's strategic focus on wealth management and a rebound in investment banking activities contributed to its robust financial performance in the quarter.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/morgan-stanley-profit-jumps-recovery-investment-banking-2025-01-16/ ]
Contributing Sources