From Colin Barr at CNNMoney: Morgan Stanley posts another profit
Morgan Stanley posted its second straight quarterly profit on Wednesday. one of corporate America's biggest ever.
The nation's sixth-biggest bank earned $617 million for the quarter ended December 31.
Morgan Stanley said that income from continuing operations came in at $413 million, or 14 cents a shore.
"Ina year of transition for out firm and the entire financial services industry, the employees of Morgan Stanley delivered substantially improved financial performance while also making significant progress on critical initiatives that will drive our business in the years ahead," James Gorman Ceo.
Revenue rose 29% from a year ago to $23 billion.
Morgan Stanley's results come along with other financial institutions like Wells Fargo who also posted a profit.
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