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The Boston Globe

Business

Morgan Stanley earns $867m in fourth quarter

NEW YORK — Profits roared back at the investment bank Morgan Stanley in the fourth quarter, reversing a loss in the same period a year ago, when its results were weighed down by a costly legal settlement.

Earnings increased sharply across the bank’s business lines, and its stock jumped. Morgan Stanley’s investment bank underwrote more stock and bond offerings and brought in more fees from advising companies on mergers and other deals.

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