“Morgan Stanley (MS), the top global equity underwriter last year, reported earnings that beat analysts’ estimates as revenue from the retail brokerage climbed.
Fourth-quarter profit was $507 million, or 25 cents a share, compared with a loss of $250 million, or 15 cents, a year earlier, the New York-based company said today in a statement. Excluding accounting charges tied to the firm’s own debt, profit was 45 cents a share, beating the 27-cent average estimate of 24 analysts surveyed by Bloomberg….”
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