Morgan Stanley: fourth quarter earnings at $ 3.7 billion, better than expected. Stock up on Wall treet

Morgan Stanley announced that it ended the fourth quarter of 2021 with net income of $ 3.7 billion, or $ 2.1 per share on a diluted basis, compared to $ 3.4 billion, or $ 1.81 per share, for the same period of the year. ‘last year. The eps beat expectations for an earnings per share of $ 1.91. Revenue stood at $ 14.5 billion on a net basis, up from $ 13.6 billion in the fourth quarter of 2020, slightly below the $ 14.6 billion expected by the consensus. Morgan Stanley shares rose more than 2.5% in the pre-market.