Thursday, January 20, 2011

Morgan Stanley Earnings

NEW YORK – Morgan Stanley says its earnings increased 60 percent during the last three months of 2010 on strong investment banking results.

Morgan Stanley said Thursday its net income available to shareholders was $600 million, or 41 cents a share, on revenue of $7.8 billion in the fourth quarter. That was more than analysts' expectations of 40 cents a share on $7.4 billion in revenue, according to analysts surveyed by FactSet.

The investment bank paid $16 billion in bonus and fees to its employees for the year, up from $14 billion a year ago.

Its stock is up 40 cents, or 1.4 percent, to $28.15 in pre-market trading.


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