January 16, 2020 / 12:25 PM / 5 days ago

Morgan Stanley profit surges 53%

Jan 16 (Reuters) - Morgan Stanley reported a 53% rise in quarterly profit on Thursday, driven by strength in its bond trading and underwriting businesses.

The bank said earnings attributable to common shareholders rose to $2.09 billion, or $1.30 per share, in the quarter ended Dec. 31, from $1.36 billion, or 80 cents per share, a year ago. (reut.rs/37b9508)

Analysts had expected a profit of 99 cents per share, according to IBES data from Refinitiv. It was not immediately clear if the numbers were comparable. (Reporting by Abhishek Manikandan in Bengaluru and Elizabeth Dilts in New York; Editing by Saumyadeb Chakrabarty)

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