Morgan Stanley's 4Q profits jump, helped by trading boost
NEW YORK (AP) - Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost from the bank's trading desks.
The investment bank said it earned a profit of $2.24 billion, or $1.30 per share, compared with a profit of $1.53 billion, or 80 cents a share, in the same period a year earlier. The results handily beat analysts forecasts of 98 cents per share.
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