Morgan Stanley stock jumps after earnings beat as dealmaking fees surge
Morgan Stanley shares jumped 5.8% to $191.23 in post-market trading Thursday after fourth-quarter profit topped estimates, fueled by a 47% surge in investment banking revenue to $2.41 billion. The bank reported net income of $4.4 billion on $17.9 billion in revenue and declared a $1.00 dividend payable Feb. 13.