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


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  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/ ]

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