KXIP vs KKR Live Score

Goldman Sachs and Morgan Stanley are the two largest investment banks on Wall Street and employ thousands of people in London. For the past month, Morgan Stanley's stock has been 5.15%, 13.10% for the last quarter, 22.62% for the past six months and 31.32% for the past 52 weeks. In the same quarter a year ago, the firm reported $9 billion in revenue.

The firm took a charge of $990 million or 55 cents per share for a tax provision. "This, coupled with strong expense discipline demonstrates the firm's operating leverage". The lower corporate tax rates under the new law lowered the value of those assets. Stock trading, where Morgan Stanley is strongest, had steady revenue from a year ago. It says that this was partially offset by a $168 million net discrete tax benefit.

Like other banks, Morgan Stanley had to write down the value of its deferred tax assets, which are effectively tax credits the bank stockpiled after the financial crisis.

Amazon Echo to feature Telstra Smart Home skill in Australia
The Echo Plus does everything the Echo can but comes packing a smart home hub that makes connecting to your smart home devices easy.

Trump lawyer used shell company to pay off ex-porn star
Trump's longtime attorney Michael Cohen arranged for the payment through Daniel's lawyer, Keith Davidson, the Journal reported . President Donald Trump's first year in office was filled with memorable events - some were more notable than others.

East County schools to remain closed Wednesday due to wintry weather
Hamilton County Schools will be closed Tuesday "due to the significant threat of snow in the area during the school day". Charles Parish public schools and offices will be closed Wednesday, January 17, 2018.

Wealth management revenue grew to $4.4 billion from $4 billion a year ago.

For the full year, Morgan Stanley had a profit of $7.08 billion, excluding the tax impact, or $3.60 a share. Wall Street was looking for earnings per share of $3.55 on revenue of $37.62 billion for the full year of 2017. Total client assets stood at $2.4 trillion at the end of the quarter, while client assets in fee-based accounts amounted to $1 trillion.

Bloomberg News reports that after reporting a plunge in bond trading, Goldman's market capitalization fell to $99.4 billion at the close on Wednesday, a fraction less than Morgan Stanley.