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Morgan Stanley's profit drops 60 percent

Thursday, January 18, 2018 - 00:54

A tax charge Morgan Stanley took stemming from the new tax law hammered its profit, and trading revenue plunged. But as Fred Katayama reports, its adjusted profit and revenue beat estimates.

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A tax charge Morgan Stanley took stemming from the new tax law hammered its profit, and trading revenue plunged. But as Fred Katayama reports, its adjusted profit and revenue beat estimates.

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Morgan Stanley's profit drops 60 percent

Thursday, January 18, 2018 - 00:54