Morgan Stanley profit hit by charges, revenue beats estimates
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Morgan Stanley (MS) shares slide as pre-tax income impacted by $535m in charges
January 16, 2024 8:03 AM EST(Updated - January 16, 2024 9:42 AM EST)
Morgan Stanley (NYSE: MS) shares fell more than 3% on Tuesday after reporting its latest quarterly results, topping revenue expectations.
The bank reported Q4 EPS of $0.85, while revenue for the quarter came in at $12.9 billion, above the $12.7 billion reported a year ago and the consensus estimate of $12.79 billion.
Morgan Stanley's pre-tax income for the fourth quarter included $535 million of charges, with $286 million related to an... More
