Morgan Stanley Overcomes One-Time Charges to Beat Revenue Estimates
TL;DR Summary
Morgan Stanley's stock tumbled after the company reported mixed fourth-quarter results, with earnings falling short of Wall Street expectations due to one-time charges, but revenue beating analysts' estimates. The company's fourth-quarter earnings per share of 85 cents missed analysts' estimates of $1.07, and net income fell to $1.5 billion from $2.2 billion.
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- Morgan Stanley revenue beats on investment banking rebound, takes $535 million in charges Yahoo Finance
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