Morgan Stanley reports surge in Q4 profits

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Morgan Stanley reports surge in Q4 profits

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01-20-2011, 10:54 PM

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Morgan Stanley reports surge in Q4 profits

US banking giant Morgan Stanley has today announced fourth quarter profits surged by 60% – in line with forecasts. The Wall Street bank said net profit came in at $600 million (£375 million) for the final three months of 2010, against a profit of $376 million a year ago. Shares in the bank were up [...]

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