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Banking large Morgan Stanley (NYSE: MS) on Tuesday introduced monetary outcomes for the fourth quarter of 2023, reporting a pointy decline in internet revenue regardless of a rise in revenues.
Web revenue relevant to shareholders was $1.52 billion or $0.85 per share within the fourth quarter of 2023, in comparison with $2.24 billion or $1.26 per share in the identical interval a 12 months in the past.
The financial institution’s revenues elevated to $12.90 billion in This fall from $12.75 billion within the corresponding interval of 2022. It delivered ROTCE of 8.4%.
Ted Choose, chief govt officer of Morgan Stanley, mentioned, “We start 2024 with a transparent and constant enterprise technique and a unified management crew. We’re targeted on attaining our long-term monetary targets and persevering with to ship for shareholders.”
Prior Efficiency
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