Morgan Stanley (MS) Q4 Earnings Beat, Provisions Decline Y/Y

Morgan Stanley’s (MS) fourth-quarter 2023 adjusted earnings of $1.13 per share handily surpassed the Zacks Consensus Estimate of $1.05. The bottom line compared unfavorably with $1.26 per share earned in the prior-year quarter.After considering the FDIC special assessment charge and legal charges related to a specific matter, earnings per share (GAAP) was 85 cents in the reported quarter.Shares of the company gained 1.3% in the pre-market trading on better-than-expected results. However, a full day’s tradin ...