RTTNews | Jan 19, 2022 10:12AM EST

10:12 Wednesday, January 19, 2022 (RTTNews.com) - Shares of financial services firm Morgan Stanley (MS) are up 3 percent on Wednesday's trading after the company posted a 10 percent rise in fourth-quarter profit from last year, helped by growth in Wealth Management and Investment Management business segments.

For the fourth quarter, the company reported net income applicable to the company's common shareholders of $3.59 billion or $2.01 per share, up from $3.27 billion or $1.81 per share in the year-ago quarter. Excluding items, adjusted earnings for the quarter were $2.08 per share, compared to $1.92 per share last year.

Net revenues for the quarter increased 7 percent to $14.52 billion from $13.60 billion in the same quarter last year.

Currently at $96.07, the stock has traded between $66.85 and $106.47 during the past 52 weeks.

Read the original article on RTTNews ( https://www.rttnews.com/3255970/morgan-stanley-up-3-on-improved-q4-results.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com All Rights Reserved