News Headline Summary

Morgan Stanley (MS) Q4 Adj. EPS USD 0.45 vs. Exp. USD 0.27

- Q4 revenue USD 7.48bln vs. Exp. USD 7.09bln
- Tier 1 common ratio 14.7% as of Dec. 31
- Q4 asset management net revenue USD 599mln
- Q4 effective tax rate from cont ops 11.1% vs. 35.4% in Q3
- CEO says quarter was a great start
**A full run-down of activity in the larger capped US stocks who reported before the opening bell today will be available on the website once pre-market trading volumes pick-up. They will therefore be available at 1345BST.

Reaction details:

- Co. are seen up around 2.6% in pre-market trading.

Print 12:15, 18 Jan 2013 - US Equities - Source: Newswires