Morgan Stanley's profits double

Posted online January 17, 2017 | 11:53 am

Helped by a bump in trading activity following the U.S. presidential election, Morgan Stanley's quarterly profits doubled.

The Wall Street bank reported net income of $1.5 billion, which is up from $753 million a year earlier. Earnings per share rose to 81 cents from 39 cents.

Analysts on average had expected a profit of 65 cents per share.

Read more from Reuters.

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