(Boursier.com) — Morgan Stanley published fourth-quarter revenues of $12.9 billion, compared to a consensus of $12.7 billion. Investment banking revenues increased 5%. The bank incurred $535 million in non-recurring charges over the period, including $286 million for an exceptional commission to the regulator and $249 million in legal charges. Wealth management revenues were stable. For the year, revenues reached $54.1 billion, while earnings per share fell to $5.18, compared to $6.15 a year earlier.
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