Jan 17, 2017 - Economy

Morgan Stanley logs best 4Q since financial crisis

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.

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