Morgan Stanley shares pop as dealmaking drives record revenue under first-year CEO
1. Morgan Stanley's Q4 profit doubled, reaching $3.7 billion. 2. Record net revenue of $61.8 billion achieved in 2024. 3. Investment banking revenue rose 25% due to increased stock sales. 4. Wealth management revenue increased 13% to $7.5 billion. 5. Positive M&A outlook expected under the new administration.