Updated Wednesday, April 23, 2014 as of 3:04 PM ET
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Morgan Stanley Wealth Business Posts $239M Pre-Tax Income, Advisor Ranks Dip Slightly
On Wall Street
Thursday, October 18, 2012
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Morgan Stanley reported on Thursday that its global wealth management business saw it pre-tax income fall to $239 million, down from $356 million one year ago, and net revenue of $3.34 billion, up from $3.23 billion in the third quarter of 2011, as the firm closed its acquisition of the next stake in the Smith Barney joint venture.

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