From CNBC: 2025-01-16 07:41:08

Ted Pick, CEO of Morgan Stanley, discussed the firm’s strong fourth quarter earnings and revenue on CNBC at the World Economic Forum in Davos. Earnings were $2.22 a share, beating estimates, with revenue at $16.22 billion. The bank’s wealth management business benefited from high stock market values.

Investment banking activity at Morgan Stanley saw a 29% increase in the fourth quarter, fueled by rising advisory and equity capital markets activity. Trading activity was also boosted by an eventful election season. Other big banks like JPMorgan Chase, Goldman Sachs, and Citigroup also exceeded expectations in their recent reports.

The story is still developing, so stay tuned for updates on Morgan Stanley’s impressive performance.

Read more: Morgan Stanley (MS) earnings Q4 2024