Morgan Stanley posts fourth-quarter profit

Fri Jan 18, 2013 7:24am EST

Jan 18 (Reuters) - Morgan Stanley 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.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article