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Morgan Stanley’s quarterly profit doubles on post-election trading


Banking giant Morgan Stanley’s fourth-quarter profit doubled, blowing past Wall Street’s expectations, as trading activity surged following the presidential election. Earnings soared to $1.51 billion in the three months ended Dec. 31 from $753 million a year earlier, while earnings per share increased to 81 cents from 39 cents. Analysts on average had expected a...
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Source: New York Post


13:36, January 17, 2017 Post Staff Report

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