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Morgan Stanley's earnings top Wall Street expectations, helped by record wealth management revenue

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Morgan Stanley reported fourth-quarter earnings before the opening bell on Tuesday.

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange , January 19, 2022.reported fourth-quarter earnings on Tuesday that exceeded Wall Street expectations, boosted by the bank's record revenues from wealth management.Revenue: $12.75 billion, versus $12.64 billion, according to Refinitiv

The company's wealth management posted record net revenues of $6.63 billion in the latest quarter, 6% higher than a year ago. The result was helped by an increase in net interest income on higher interest rates and bank lending growth, the bank said.

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