Investing.com - Morgan Stanley reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.2 on revenue of $10.86B. Analysts polled by Investing.com anticipated EPS of $1.03 on revenue of $9.71B. That compared to EPS of $0.73 on revenue of $8.55B in the same period a year earlier. The company had reported EPS of $1.21 on revenue of $10.03B in the previous quarter.
For the year, Morgan Stanley shares are up 3.56%, outperforming the S&P Global 100 which is down 0% year to date.
Morgan Stanley follows other major Financial sector earnings this month
On Tuesday, JPMorgan reported fourth quarter EPS of $2.57 on revenue of $29.21B, compared to forecasts of EPS of $2.35 on revenue of $27.87B.
Bank of America earnings beat analyst's expectations on Wednesday, with fourth quarter EPS of $0.74 on revenue of $22.35B. Investing.com analysts expected EPS of $0.69 on revenue of $22.22B
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