4Q Profits Down At Morgan Stanley Wealth Management
Choppy markets and heightened compensation costs hindered Morgan Stanley Wealth Management’s revenue in the fourth quarter. Morgan Stanley Wealth Management reported revenue of $4.14 billion in the fourth quarter, down 6 percent sequentially and 6 percent from a year ago. The pretax margin for all of 2018 was 26.2 percent, up from 25.5 percent in 2017 and…
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