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Morgan Stanley achieved the best annual results in its history in 2020 supported by growth in share trading revenues.
According to Arabiya Net, the bank's net profits grew by 57% during the fourth quarter of 2020, exceeding the average analyst expectations and amounting to $ 3.27 billion.
fourth-quarter stock trading revenues jumped 30% to $ 2.5 billion, also beating expectations.
revenues on fixed income, currencies and commodities rose 31% to $ 1.66 billion, also above expectations.
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