Morgan Stanley’s institutional securities group, which houses its investment banking and trading businesses, reported revenue of $7.3 billion in the fourth quarter, a 49% jump from $4.9 billion a year earlier.

Morgan Stanley's profit increased in the fourth quarter, fueled by a wave of dealmaking. The investment bank's earnings grew to $3.7 billion, or $2.22 per share, it said on Thursday, compared with $1.

Morgan Stanley said its profit more than doubled in the fourth quarter, fueled by its investment banking and trading businesses. Profit surged 145% to $3.71 billion. That amounted to $2.22 per share,

Investment banking fees gained from a surge in mergers and acquisitions as sentiment was boosted by a strong U.S. economy, interest-rate cuts and expectations of lighter regulation under incoming U.S.

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Dealmaking was also propelled by a strong US economy, interest-rate cuts and expectations of lighter regulation under incoming US President Donald Trump

Bank of America posted fourth-quarter profit that topped analysts’ estimates as investment-banking fees hit the highest in three years and net interest income outperformed forecasts. Read more at The Business Times.