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Investment bank Morgan Stanley is pictured in New York City, September 17, 2008. REUTERS/Mike Segar

Morgan Stanley posts fourth-quarter profit
Morgan Stanley posts fourth-quarter profit
Posted : Friday, 18 January 2013 07:24AM

(Reuters) - Morgan Stanley <MS.N> reported a fourth-quarter profit, driven by higher revenue at its institutional securities business.

The investment bank reported income from continuing operations of $573 million, or 28 cents per share, compared with a loss of $222 million, or 13 cents per share, a year earlier.

Analysts had expected the company to earn 27 cents per share, according to Thomson Reuters I/B/E/S.

(Reporting by Anil D'Silva; Editing by Supriya Kurane)

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