Home>Morgan Stanley Beats Estimates on Brokerage-Revenue Increase
Morgan Stanley Beats Estimates on Brokerage-Revenue Increase
Financial Planning News
Fri, 18 Jan 2013
Morgan Stanley, the top global equity underwriter last year, reported profit that beat analysts' estimates as brokerage earnings more than doubled and margins from that unit surpassed the firm's goal for this year.
Even after working through the impact of impending regulations, valuations for the for - profit educators are far higher than where they are trading today, says RS Investments manager Joe Wolf.