YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Morgan Stanley announced it would take a $1.25 billion hit to its fourth-quarter earnings because of the federal tax bill.
The hit is mainly due to the remeasurement of certain net deferred tax assets using the lowered corporate tax rate, according to a company filing.
Officials also said the loss would be partially offset by $160 million in other positive effects.
Read more from Reuters.
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