Morgan Stanley stock climbs as Q4 profit jumps on debt underwriting surge
Morgan Stanley reported Q4 net income of $4.4 billion, or $2.68 per share, and revenue of $17.9 billion. Investment banking revenue surged 47% to $2.41 billion, driven by debt underwriting fees that nearly doubled. Wealth management revenue rose 13%, with $122.3 billion in net new assets. Equities revenue climbed 10%, while fixed income fell 9%.