Morgan Stanley (MS) on Thursday reported fourth-quarter net income applicable to the company’s shareholders of $1.36 billion or $0.80 per share, up sharply from $473 million or $0.
Source: www.rttnews.com
Morgan Stanley on Thursday reported its fourth quarter results for 2018. The bank reported net revenues of $8.55 billion for the quarter ended December 31, 2018, compared to $9.5 billion last year. Net revenues were impacted due to underperformance in Wall Street trading & advisory and wealth management segments as a result of volatile global markets. Net income came in at $0.80 per diluted share, compared with net income $0.26 per diluted share for the same period a year ago. The annualized return on average common equity was 7.7% and the annualized return on average tangible common equity was 8.8%.
