Investing.com - Morgan Stanley (NYSE:MS) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Morgan Stanley announced earnings per share of $2.08 on revenue of $14.52B. Analysts polled by Investing.com anticipated EPS of $1.94 on revenue of $14.56B.
Morgan Stanley shares are up 8.61% from the beginning of the year and are trading at $96.39 , down-from-52-week-high.They are outperforming the S&P 500 which is down 3.96% from the start of the year.
Morgan Stanley shares gained 2.53% in pre-market trade the report.
Morgan Stanley follows other major Financial sector earnings this month
Morgan Stanley's report follows an earnings beat by JPMorgan on Friday, who reported EPS of $3.33 on revenue of $29.26B, compared to forecasts EPS of $3.01 on revenue of $29.78B.
Bank of America had beat expectations on Wednesday with fourth quarter EPS of $0.82 on revenue of $22.06B, compared to forecast for EPS of $0.7652 on revenue of $22.18B.
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