1/20, 1:36 PM (Source: TeleTrader)
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Morgan Stanley's Q4 revenue at $13.6B, up by 25% YoY

Morgan Stanley revealed its net revenue in the fourth quarter of 2020 landed at $13.6 billion, up by 25.2% in comparison to the same period last year. Its net income stood at $3.4 billion, up by 54.5% year-on-year, while its diluted earnings per share (EPS) rose from $1.30 to $1.81.

For the entire fiscal year, the company's revenue came in at $48 billion, up by 16% compared to 2019. Meanwhile, its net income increased by 22% to $11 billion, and the EPS grew from $5.19 to $6.49.

"The firm produced a very strong quarter and record full-year results, with excellent performance across all three businesses and geographies," the company's Chairman and Chief Executive Officer (CEO) James P. Gorman said. "We enter 2021 with significant momentum, and I am very confident in our competitive position and our opportunities for continued growth."

Following the release of the report, Morgan Stanley's shares gained 1.24% in premarket trading.

Breaking the News / JR