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26 views Jan 19, 2025
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Morgan Stanley reported a significant increase in fourth-quarter profit for 2024, with earnings more than doubling compared to the previous year. The bank's strong performance was primarily driven by a robust recovery in investment banking activities and exceptional results in equities trading. Revenue surged 26% to $16.22 billion, surpassing analyst expectations. The equities trading division stood out with a 51% increase in revenue to $3.3 billion, while fixed income trading revenue rose 35% to $1.93 billion.
Investment banking revenue also saw a notable 25% increase. The bank's wealth management segment contributed to the positive results with a 13% rise in revenue. Morgan Stanley's CEO, Ted Pick, described it as "an excellent fourth quarter," highlighting the bank's consistent execution throughout the year. The strong performance aligns with the broader trend of major U.S. banks benefiting from increased trading activity and a revival in deal-making.
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