Shares of Morgan Stanley (MS ) were down on Tuesday morning following the release of the company’s Q4 earnings report.
MS Earnings in Brief
- MS reported earnings of $920 million, or 47 cents per share, up from $36 million, or 2 cents per share, last year.
- Excluding special items, earnings for the quarter were 40 cents per share, below analysts’ estimate of 48 cents.
- Revenue was $7.76 billion, up from $7.85 billion last year. Analysts expected to see revenue of $8.08 billion.
Morgan Stanley’s CEO James P. Gorman commented: “We finished 2014 in substantially better shape than we entered the year. We delivered strong results across several of our businesses, although overall performance was affected by the choppy market conditions of the fourth quarter.”
The bank paid its last 10 cent dividend on November 14. We expect the company to declare its next dividend sometime in January.
Shares of Morgan Stanley were down 84 cents, or 2.41%, during pre-market trading Tuesday.