Ghost of Smith Barney? Brokerage fuels big 4Q for Morgan Stanley
Stanley steamer
Company booked $550M profit in quarter; wealth management unit leads the way
Morgan Stanley (MS), the top global equity underwriter last year, reported earnings that beat analysts' estimates as revenue from the retail brokerage climbed.
Fourth-quarter profit was $507 million, or 25 cents a share, compared with a loss of $250 million, or 15 cents, a year earlier, the New Y
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