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.
Source: http://news.yahoo.com/s/ap/20110120/ap_on_bi_ge/us_earns_morgan_stanley
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