Morgan Stanley shares spike on 4Q results, more stable earningsPosted by RJ and Makay on Jan 21, 2011 |
Morgan Stanley's latest earnings report pleased investors. After revealing Wednesday that it earned an adjusted 26 cents a share in the fourth quarter of 2010, America's second-largest investment bank saw its stock rise almost 4%.
That's partly because its latest earnings were a 36% increase over the fourth quarter of 2009. Investors also rewarded the stock because of Morgan Stanley's strong overall performance in asset management and because of its reputation for being especially well-positioned for profit in a world of tougher financial regulation.
Adrian Cronje









