Morgan Stanley Q4 Results Get Boost From Equity Revenue, IPO Activity

1. Morgan Stanley's Q4 EPS was $2.22, nearly tripling last year's figure. 2. Revenue rose 26% year-over-year to $16.22 billion, exceeding expectations. 3. Equity net revenue increased by 51%, driven by heightened client activity. 4. Equity underwriting revenue doubled to $455 million due to rising IPOs. 5. Shares rose 2.5%, approaching previous record highs from late November.