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More on Morgan Stanley (MS) Q4 earnings: Global wealth management income of $581M vs. $238M a...

  • Friday, January 18, 7:30 AM ET
    More on Morgan Stanley (MS) Q4 earnings: Global wealth management income of $581M vs. $238M a year ago. Asset management fee revenues +16%. Trading remains sluggish, with transactional revenue -3%. Speaking on CNBC, CEO Gorman announces plans to acquire the rest of Smith Barney from Citigroup. Shares +3.1% premarket. (PR)
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    Stock is off to the races, the margin in Morgan Stanly Smith Barney jumped to 17%, from 7%. That's huge. Shares are still at a 20% discount to tangible book, so I think the name can run to $26 - $27.
    18 Jan, 08:13 AM Reply Like
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