Morgan Stanley (NYSE: MS) Earnings: Did Investment Bank Beat Expectations In Fourth Quarter?
Description:Morgan Stanley (NYSE: MS) on Friday reported a fiscal fourth-quarter profit of 50 cents per share, excluding items, beating estimates by five cents. Revenue topped Wall Street estimates as well, coming in at $7.83 billion for the last quarter. Shares of Morgan Stanley rose 3.09 percent to $32.99 in morning trading. General Electric Company (NYSE: GE) reported fiscal a fourth-quarter profit of 53 cents per share, excluding items, which matched Wall Street estimates. Revenue came in slightly abo(0:49)