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Morgan Stanley’s profit surges, stock soars

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In this Wednesday, Oct. 10, 2012 photo, people pass Morgan Stanley's headquarters in New York. Morgan Stanley says it swung to a profit in the fourth quarter. Shares jumped in pre-market trading, Friday, Jan. 18, 2013. AP FILE PHOTO

Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.

Posted: January 19th, 2013 in Latest Business Stories | Read More »

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