Morgan Stanley (MS ) - Q4 Results
NII and Equities beat lead to $1.1b beat on revenues at $16.2bn.
Valuation: Fair when compared to other US banks. Its business model arguably slightly more volatile as a bigger share of profits come from IB.
Find more articles and bullets on these widgets:
Natixis recommend 10s30s BTP steepeners.
November's retail sales report showed a strong contribution to growth from the two single-largest retailing categories, with activity beyond those areas looking solid but less impressive.