Morgan Stanley closed the fourth quarter with revenue of $7,8 billion and profit of $181 million, down 70% year over year (from $661 million). Earnings per share came in at 7 cents (from 33 cents).
In adjusted terms, revenues amounted to 8,2 billion (compared to 7,47 billion recorded in the same period of 2012) and profit to 433 million (from 982). These latest figures are higher than analysts' expectations.
In 2013 as a whole, the American Bank's profit amounted to three billion dollars, a strong increase compared to the 68 million of 2012. The share reacted well in the pre-market, with an increase of 2%.
