Morgan Stanley Earnings Jump In 4Q

Morgan Stanley said Thursday that its earnings increased 60 percent during the last three months of 2010 on strong investment banking results.Morgan Stanley's net income available to shareholders was $600 million, or 41 cents a share, on revenue of $7.8 billion in the fourth quarter. That was more than analysts' expectations of 40 cents a share on $7.4 billion in revenue, according to analysts surveyed by FactSet.
Morgan Stanley's results were in contrast to those from rival Goldman Sachs Group Inc., which reported weak investment banking results in its earnings release Wednesday.
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