Morgan Stanley profit jumps on recovery in investment banking
ReutersJan 16, 2025 12:35 PM
Jan 16 (Reuters) - Morgan Stanley's MS.N profit increased in the fourth quarter, fueled by a wave of dealmaking.
The investment bank's earnings grew to $3.7 billion, or $2.22 per share, it said on Thursday, compared with $1.5 billion, or 85 cents per share, a year earlier.
(Reporting by Niket Nishant in Bengaluru and Tatiana Bautzer in New York, Editing by Lananh Nguyen and Arun Koyyur)
((Niket.Nishant@thomsonreuters.com;))
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