19.01.2016 - Morgan Stanley's profit increased by 77% in 2015
Morgan Stanley reported a profit of 908 million US dollars in the 4th quarter compared to a loss of 1.63 billion dollars in the same period last year. Revenues totaled 7.74 billion dollars. The company has responded to the decline in income from trading currencies, commodities and fixed income and has cut 1,200 jobs. During the year the company earned 6.13 billion dollars, which is 77% more than in 2014 year. We forecast growth of shares by 25-30% after the completion of the current correction.