Lower taxes and flourishing financial market transactions have also taken care of as is the case with the other American money houses with investment Bank Morgan Stanley in the past year for good results.
The net Income increased compared with the previous year by 43 percent to 8.7 billion dollars (7.6 billion euros), as the Bank announced on Thursday in New York. Revenues climbed six percent to 40.1 billion dollars. “In 2018 we achieved records in Revenue and profit as well as growth in all business areas, despite a challenging fourth quarter,” said Bank chief James Gorman.
at The end of the year, Morgan Stanley did, however difficult. The income decreased in the year-on-year by around ten percent to 8.6 billion dollars, the profit was 1.5 billion dollars below the expectations of Wall Street.
investors reacted with disappointment to the weak, the financial statements and the share pre-market, in a first reaction by around five per cent fall. Morgan Stanley put the last of the big American banks, the quarter – end and year prior figures.
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