News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 72%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley is set to report fourth-quarter earnings—here’s what the Street expectsMorgan Stanley is set to report fourth-quarter earnings before the opening bell on Tuesday.
Source: CNBC - 🏆 12. / 72 Read more »