Morgan Stanley Boasts Big Wealth Revenue Boosts, Mirroring Other Wirehouses

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Morgan Stanley’s wealth division beat expectations and boasted both a quarterly and yearly double-digit net revenue boost. Following Wells Fargo and Bank of America Merrill Lynch on Monday, it’s the latest example of a wirehouse reporting blockbuster fourth-quarter results, primarily driven by higher fees from wealth and investment management, fueled by the ongoing bull market. However, CEO Ted P ...