Morgan Stanley tops estimates on strong equities and fixed income trading revenue
Published On Jan 16, 2025, 7:00 AM
Morgan Stanley reported strong fourth-quarter earnings, exceeding estimates with a profit of $3.71 billion, or $2.22 per share, compared to expectations of $1.70 per share. The bank's revenues also rose to $16.22 billion, up 26% from the previous year, driven by increased trading activities in equities and fixed income sectors. The equities trading revenue saw a notable 51% increase, highlighting robust client engagement. Overall, the results reflect positive market conditions and increased deal activity, particularly benefiting traders and investment banking operations.
Stock Forecasts
MS
Positive
The strong earnings report indicates robust performance in trading and increasing revenues across Morgan Stanley's key sectors, suggesting positive market sentiment and potential for continued growth in the near term.
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