Tuesday, January 17, 2017

Morgan Stanley Q4 Profit Beats Estimates By 16 Cents

Morgan Stanley (MS) reported fourth-quarter net income applicable to company of $1.7 billion, or $0.81 per share compared with income of $908 million, or $0.39 per share, for the same period a year ago. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.65, for the quarter. Analysts' estimates typically exclude special items. The company noted that its prior year quarter included DVA losses of $124 million. Excluding DVA, income applicable to Morgan Stanley was $986 million, or $0.43 per share in the prior year quarter.

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