Morgan Stanley

Ticker MS

Today's data summary

Market closed
% change
+2.73%
Price US dollars
43.69
Change
+1.16
As of 22:50 18 Jan 2019
Market cap. US dollars
76,229.86 million
As of 22:50 18 Jan 2019

Latest updates

Morgan Stanley profits disappoint

Morgan Stanley logo
Reuters

Profits at US banking giant Morgan Stanley more than doubled in the fourth quarter, compared with the previous year.

Net income rose to $1.53bn, up from $643m the year before when it recorded a big charge related to a change in US tax policy.

However, profits did not match analysts' expectations and shares look set to fall when trading starts on Wall Street.

Chief executive James Gorman said: “In 2018 we achieved record revenues and earnings, and growth across each of our business segments – despite a challenging fourth quarter."

New Europe chief for Morgan Stanley

Morgan Stanley has appointed Clare Woodman as the new head of its European, Middle East and Africa division, making her the first woman to lead the unit as the group prepares for Brexit.

The Wall Street giant made the announcement in an internal memo sent to staff by chairman and chief executive James Gorman and seen by the Press Association.

Morgan Stanley trumpets record figures

Morgan Stanley building
Getty Images

US investment bank Morgan Stanley has posted record revenues of $11.1bn and record net income of $2.7bn for the last quarter.

It said there had been strong performance "in all business segments and geographies".

James P Gorman, chairman, said, “We delivered very strong results this quarter. Each of our businesses performed well, with significant client engagement across our global franchise."