Morgan Stanley (MS) Just Announced Fourth Quarter 2023 Earnings。Here are some highlights:

• Overall revenue was down 32% from a year ago to $1.5 billion.。
• Earnings per share is 0.85美元。
• Revenue of $12.9 billion, up 1% from a year ago。This is higher than the 127 expected by analysts..700 million dollars。
• Investment banking revenue rose 5% from a year ago to 13.$200 million。
• Stock and bond trading revenue up 1%。
• Wealth management units generate 65.$500 million in revenue, comparable to a year ago。The unit accounted for about 49% of the company's total revenue for the whole year.。

Morgan Stanley shares tumbled 4 percent yesterday..16%, which has recently continued to decline in early trading。This earnings report marks James Gorman's final season as CEO。Gorman, 65, stepped down this month after 14 years as chief executive。

Morgan Stanley agreed last week to pay 2.$4.9 billion to settle criminal and regulatory allegations that employees of the bank improperly shared information on client stock transactions。The settlement ends a long-running investigation into how Morgan Stanley trades stocks in bulk for institutional investors.。Gorman has said he wants the matter resolved before Ted Peake, who takes over as chief executive, takes office.。

In addition, like its peers, Morgan Stanley had to undertake a special assessment by the Federal Deposit Insurance Corporation.。The agency imposed the fee on banks to fill a funding gap caused by bank failures last year。Morgan Stanley paid 2.$8.6 billion in expenses。