Morgan Stanley (NYSE: MS) released its earnings Friday, topping fourth quarter expectations. Revenues for the quarter finished at just under $7 billion. This is on par with the average analyst's estimate of $7.02 billion, as noted by Yahoo Finance. The New York brokerage firm topped earnings estimates, albeit slightly. According to Yahoo Finance, the average estimate was $0.27 per share. Morgan Stanley finished at $0.28 per share, edging by this mark. Net income was $547 million, signaling a notable improvement from the third quarter in which the company reported a loss of over $1 billion. This category improved year over year, as well, as Morgan Stanley posted a loss of nearly $250 million in the fourth quarter of 2011. Overall, the company posted a much better fourth quarter than it did a year ago. Revenues were up nearly 23 percent year over year. EPS rose nearly 300 percent, as well, after finishing at a negative $0.15 ...
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