Morgan Stanley (MS: Quote) reported fourth quarter adjusted income from continuing operations of $0.45 per share Friday morning, compared to the loss of $0.20 per share last year. The consensus estimate was for EPS of $0.27. Net revenues improved to $7.5 billion, from last year’s $5.5 billion. The consensus estimate was for revenues of $7.02 billion.
Morgan Stanley has gapped open sharply higher Friday and is now up 1.34 at $22.09. The stock has been on an upward trend for nearly 2 months and has set a new high for the year.
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by RTT Staff Writer
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