Morgan Stanley Posts Quarterly Profit as Revenue Beats Estimates

  • Adjusted profit of 43 cents a share tops analysts' estimates
  • Revenue climbs 5.3% as equity-trading revenue increases

Morgan Stanley's Revenue Beat Estimates

Morgan Stanley reported $908 million in fourth-quarter profit and a revenue gain that exceeded analysts’ estimates as equity trading rose and expenses fell. The firm said it failed to meet its goals for revamping the fixed-income business.

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