U.S. Bank Morgan Stanley reported lower profits in the fourth quarter of this year to 516 MDR $ or $ 0.29 per share, compared to 1.509 billion, or $ 0.81 per share for the same period a year earlier.
Adjusted earnings equaled $ 0.84 per share.
The company’s revenue increased to 9.5 billion compared to 9.0 billion over the same period a year earlier.
Analysts predicted profit of Morgan Stanley at the level of $ 0.64 per share and revenues of $ 9.2 billion.
After the publication of quarterly reports in the course of trading on premarket the company’s shares rose by 1.3%.