CEO Ted Pick said nearly half of net new assets Morgan Stanley brought in last year landed in fee-generating accounts — and that's right where he wants them.
Morgan Stanley posts Q4 adjusted EPS of $2.22, exceeding estimates. Sales climb 26% to $16.22 billion as net earnings hit $3.7 billion. Wealth Management shines.
The bank’s massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
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