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Morgan Stanley Had A ‘Very Strong,’ ‘Excellent’ Year. How About You?
Morgan Stanley starts 2021 with "significant momentum," James Gorman said Wednesday, as the bank released Q4 earnings that came in ahead of expectations. "I'm very confident in our competitive position and our opportunities for continued growth."
The numbers are good. And that's hardly surprising. In equities -- where Morgan shines -- trading revenue was $2.5 billion during the quarter, up 30% YoY and well ahead of expectations. The bank beat on FICC too, posting revenue of $1.66 billion (+31%
