Morgan Stanley: EPS hit by tax reform
(CercleFinance.com) - (CercleFinance.
com) - Morgan Stanley has reported Q4 2017 net income of 686 million dollars, meaning EPS of 29 cents. However, excluding a provision related to tax reforms, EPS rose by 13.5% to 84 cents.
Net revenues increased by 5% to 9.5 billion dollars, with a decline in institutional securities being offset by growth in wealth management and investment management
"We enter 2018 with strong momentum aided by rising interest rates, tax reform and an evolving regulatory framework," says the CEO of the New York bank, James Gorman.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
com) - Morgan Stanley has reported Q4 2017 net income of 686 million dollars, meaning EPS of 29 cents. However, excluding a provision related to tax reforms, EPS rose by 13.5% to 84 cents.
Net revenues increased by 5% to 9.5 billion dollars, with a decline in institutional securities being offset by growth in wealth management and investment management
"We enter 2018 with strong momentum aided by rising interest rates, tax reform and an evolving regulatory framework," says the CEO of the New York bank, James Gorman.
Copyright (c) 2018 CercleFinance.com. All rights reserved.