Morgan Stanley Q4 net drops 70%; results beat, shares gain - - TopicsExpress



          

Morgan Stanley Q4 net drops 70%; results beat, shares gain - Morgan Stanley (NYSE:MS), owner of the worlds largest brokerage, reported a 70 percent drop in fourth-quarter profit as it was hit by $1.2 billion in litigation bills. However, adjusted earnings topped analysts expectations; shares rose in premarket trading. Net income dropped to $181 million, or 7 cents a share, in the three months ended Dec. 31, from $594 million, or 29 cents a share, in the year-earlier ... ow.ly/2D1Csh
Posted on: Fri, 17 Jan 2014 14:35:25 +0000

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