Morgan Stanley reports higher than expected profit and revenue in the fourth quarter

Revenue, in turn, rose from $ 10,9 billion in the last three months of 2019 to 13,6 billion in the months from October to December last year, exceeding analysts' forecasts.

Mark Kauzlarich / Bloomberg

Morgan Stanley reported on Wednesday a net profit of $ 3,48 billion in the fourth quarter of 2020, which equates to $ 1,81 per share.

In adjusted terms, earnings per share stood at $ 1,92, exceeding the forecast of analysts who estimated $ 1,30.

The net income for the fourth quarter of 2020 also surpassed the figures for the same period in 2019, when net income totaled $ 2,2 billion, or $ 1,30 per share.

Revenue, in turn, rose from $ 10,9 billion in the last three months of 2019 to 13,6 billion in the months from October to December last year, exceeding analysts' forecasts that pointed to 11,6 thousand million dollars.

Year-to-date in 2020, the financial institution's net profit was $ 11 billion (up from $ 9 billion in 2019) and revenue totaled $ 48,2 billion, compared to 41,4 billion million dollars in the previous year.

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