(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management helped offset a drop in trading revenue.
Reuters: Business News, Reuters: Business
Thu, 01/18/2018 - 5:54am
(Reuters) - Morgan Stanley's quarterly profit dropped almost 60 percent on a provision related to the new U.S. tax law, but adjusted profit beat analyst expectations as strength in wealth management helped offset a drop in trading revenue.