Morgan Stanley (MS) Tops Q4 EPS by 7c

Morgan Stanley (NYSE: MS) reported Q4 EPS of $0.84, may not compare to the analyst estimate of $0.77. Revenue for the quarter came in at $9.5 billion versus the consensus estimate of $9.19 billion.

• Institutional Securities net revenues were $4.5 billion reflecting strength in both underwriting and equity sales and trading, with lower results in fixed income sales and trading.
• Wealth Management net revenues were $4.4 billion and pre-tax margin was 26%.4 Fee-based asset flows for the quarter were a record $20.9 billion.
• Investment Management net revenues were $637 million. Assets under management were $482 billion and reflect positive net flows of $23.9 billion.

For earnings history and earnings-related data on Morgan Stanley (MS) click here.

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