1/16/2020, 1:18 PM (Source: TeleTrader)
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Morgan Stanley's net revenue $10.9B in Q4, up 27% YoY

Morgan Stanley announced on Thursday that its net revenue totaled $10.9 billion in the fourth quarter of fiscal 2019, representing an increase of 27% compared to the same period a year ago.

Net income amounted to $2.2 billion in the three months ending with December 31, 2019, marking a surge of 46.2% from the same trimester last year. The company's diluted earnings per share stood at $1.3, up from $0.8 recorded in the fourth quarter of 2018.

For the entire 2019, net revenue was $41.4 billion, a figure 3.8% higher than in 2018. Net income amounted to $9 billion in 2019, representing a rise of 3.3% from last year. Diluted earnings per share grew from $4.73 recorded in 2018 to $5.19 in the 12-month period ending with December 31, 2019.

Morgan Stanley's stock gained 0.15% in premarket trade at 7:34 am ET.

Breaking the News / MS