Morgan Stanley (NYSE: MS) reported fourth-quarter 2020 financial results before the markets open on Wednesday.
The banking titan reported a 26% rise in Q4 revenues to $13.6 billion, beating the Wall Street consensus. Earnings of $1.92 per share were also stronger than what analysts had anticipated.
The net income increased to $3.4 million from $2.2 billion, showing a growth of 51%.
“The Firm produced a very strong quarter and record full-year results, with excellent performance across all three businesses and geographies. I am extremely proud of how our employees came together to support each other and our communities and deliver for our clients in an incredibly
a challenging year,” said James Gorman, chairman, and chief executive officer.
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