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Morgan Stanley: Q4 net income slumps 40%

(CercleFinance.com) - Morgan Stanley has reported almost a 40% fall in net profit for Q4 2022, which reached 2.
24 billion dollars, meaning EPS of $1.26, on revenues that contracted 12% to just over 12.7 billion dollars.

The investment bank said that the increase in its wealth management revenues failed to offset declines in its institutional securities and investment management divisions.

However, CEO James P Gorman said that the group achieved solid Q4 results in a difficult market environment and highlighted an ROTCE of 16% over the FY.

After closing up over 1.2% yesterday, the share is currently up slightly more in pre-market trading today.



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