NEW YORK - Morgan Stanley (NYSE:MS) has disclosed its financial results for the fourth quarter, revealing a mix of performance across its divisions. The company reported a net revenue of $12.9 billion for the quarter, with net income reaching $1.5 billion. This marks a decline from the $2.2 billion net income reported in the same period last year. The earnings per share (EPS) also saw a decrease, dropping from $1.26 to $0.85.
Despite the dip in quarterly income, Morgan Stanley's full-year revenue saw a slight increase, climbing from $53.7 billion to $54.1 billion. However, the annual net income did not follow the same trend, falling from $11 billion to $9 billion.
The firm's business is divided into three main segments: Institutional Securities, Wealth Management, and Investment Management. Among these, the Wealth Management division maintained its revenue at $26 billion.
Further, as part of its capital return program, Morgan Stanley bought back $1 billion worth of its own stock during the fourth quarter.
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