59 percent

Morgan Stanley’s profits fall 59 percent due to tax bill

NEW YORK/January 18, 2018 (AP)(STL.News) — Morgan Stanley’s earnings fell 59 percent in the fourth quarter as the investment had to book $990 million in charges related to the new tax law. Morgan Stanley earned $686 million, or 29 cents a share, down from $1.67 billion, or 81 cents a share, from a year ago. Excluding the … Continue reading Morgan Stanley’s profits fall 59 percent due to tax bill