Let's talk sectors.
But let's focus on the earnings that we got from Morgan Stanley before the bell Thursday.
Morgan Stanley reported earnings for the three months ending in December came in at $1.30 per share well ahead of the Street consensus forecast of $1.00. Group revenues, the bank said, rose 21.5% to $10.39 billion, again topping analysts' estimates of a $9.737 billion tally.
"We delivered strong quarterly earnings across all of our businesses. Firmwide revenues were over $10 billion for the fourth consecutive quarter, resulting in record full-year revenues and net income," said CEO James Gorman. "This consistent performance met all of our stated performance targets.”
Jeff Marks, senior portfolio analyst with Action Alerts PLUS, weighed in on a sector for investors to watch following the bank earnings.
Need a hint? It's a space closely affiliated with the banks.
Watch the full video above for more.
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