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Stronger sales and trading revenue following November's presidential election helped Morgan Stanley double its profit in the 4th quarter of 2016. Earnings rose to $1.51 billion from $753 million a year earlier.

Three is a trend: JPMorgan and Bank of America beat earnings estimates last week for the same reason, the post-election stock market rally that helped boost trading income.

Morgan Stanley logs best 4Q since financial crisis

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Stronger sales and trading revenue following November&#x27;s presidential election helped Morgan Stanley double its profit in the 4th quarter of 2016. Earnings rose to $1.51 billion from $753 million a year earlier.Three is a trend: <a class="gtmContentClick" data-vars-link-text="JPMorgan and Bank of America beat earnings estimates last week" data-vars-click-url="https://www.axios.com/bank-trading-desks-reap-trump-rewards-1513299948-d55020d8-4b87-416e-b4b0-f2d6c0d04a09.html" data-vars-content-id="7b24adf6-444a-4e88-a5f4-0a407fae6f90" data-vars-headline="Morgan Stanley logs best 4Q since financial crisis" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.axios.com/bank-trading-desks-reap-trump-rewards-1513299948-d55020d8-4b87-416e-b4b0-f2d6c0d04a09.html" target="_self">JPMorgan and Bank of America beat earnings estimates last week</a> for the same reason, the post-election stock market rally that helped boost trading income.

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Morgan Stanley logs best 4Q since financial crisis

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