US Stock Market Move | Morgan Stanley(MS.US) rose more than 4% in Q4, with investment banking revenue soaring 47%.

On Thursday, Morgan Stanley (MS.US) rose more than 4%, to $189.40. The financial report showed that Morgan Stanley's fourth-quarter revenue increased by 10% year-on-year to $17.89 billion, better than the market's expected $17.75 billion; net profit was $4.40 billion, an 18% increase from $3.71 billion in the same period last year; diluted earnings per share were $2.68, better than the market's expected $2.45. Morgan Stanley's investment banking revenue in the fourth quarter increased by 47% year-on-year to $2.412 billion, benefiting from the lucrative income brought to the investment banking business by trading activities. Morgan Stanley's performance exceeded market expectations. The CEO, Ted Pick, said, "Investment banking activities are accelerating, and global markets remain strong."