Morgan Stanley’s Q4 Profit Surges 88%, Beating Estimates (MS)

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Financial services giant Morgan Stanley ( MS ) on Thursday said its fourth quarter profit jumped 88% from last year on higher revenue, surpassing analyst estimates.

The New York-based company reported fourth quarter net income of $867 million, or 41 cents per share, compared with $460 million, or 29 cents per share, in the year-ago period.

Revenue rose 14% from last year to $7.8 billion.


On average, Wall Street analysts expected a slightly smaller profit of 40 cents per share, on smaller revenue of $7.4 billion.

CEO James Gorman commented, "Despite this year's challenging markets, we delivered strong results in investment banking enhancing our leadership positions in M&A, global equity and IPOs based on the strength of our banking, capital markets and equities teams."

Morgan Stanley shares rose 47 cents, or +1.7%, in premarket trading Thursday.

The Bottom Line
Shares of Morgan Stanley ( MS ) have a .72% dividend yield, based on last night's closing stock price of $27.75. The stock has technical support in the $24-$25 price area. If the shares can firm up, we see overhead resistance around the $29-$30 price levels.

Morgan Stanley ( MS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

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