Morgan Stanley revenue tops estimates, but CEO warns of geopolitical, economic risks ahead
Publishing timestamp: 2024-01-16 10:22:32
Summary
Morgan Stanley reported fourth-quarter revenue that exceeded expectations, driven by strength in investment banking. However, their net income was down compared to the previous year due to regulatory charges. The CEO warned of potential downside risks in 2024, including geopolitical conflicts and the state of the U.S. economy. Wealth management and investment management revenues remained relatively stable.
Sentiment: MIXED
Tickers: MS,
Keywords: markets, business news, breaking news: markets, breaking news: business, breaking news: investing, financials, stock markets, earnings, morgan stanley, banks, investment strategy, wall street,
Source: https://www.cnbc.com/2024/01/16/morgan-stanley-earnings-q4-2023.html