Morgan Stanley Tops Investment-Banking Forecast; Goldman Traders Smash Through Record; TSMC Jumps
On this episode of Stock Movers:- Morgan Stanley’s (MS) debt bankers increased revenue 93% in the fourth quarter, by far the biggest jump on Wall Street and capping a record year for that business. The firm’s debt-underwriting revenue came in at $785 million for the last three months of the year, according to a statement Thursday, while analysts were expecting $635 million. That brought total investment-banking fees to $2.41 billion, up 47% from a year ago. The company reported record annual net income.- Goldman Sachs (GS) blew through expectations for equities-trading revenue…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.