Morgan Stanley Q4 profit tanks 32%

Morgan Stanley (NYSE: MS), on January 16th, reported a 32% annualised decline in its fourth-quarter profit related partially to weakness in institutional securities. Morgan Stanley beats revenue estimatesCopy link to sectionThe financial services behemoth saw its net income come in at $1.50 billion – down about 37% versus the previous quarter. On a per-share basis, Morgan Stanley earned 85 cents a share in Q4. Ted Pick – its chief executive said in a press release today:We begin 2024 with a clear and consis ...