Morgan Stanley profit surges 53per cent

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Morgan Stanley reported a 53per cent rise in quarterly profit on Thursday, driven by strength in its bond trading and underwriting businesses.

The bank said earnings attributable to common shareholders rose to US$2.09 billion, or US$1.30 per share, in the quarter ended Dec. 31, from US$1.

36 billion, or 80 cents per share, a year ago. Analysts had expected a profit of 99 cents per share, according to IBES data from Refinitiv. It was not immediately clear if the numbers were comparable.

Source: Digital Coin News (digitalcoinnews.net)

 

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