Morgan Stanley's Profit Rises

Morgan Stanley's fourth-quarter profit rose as the bank bounced back from a year-earlier period weighed down by large a legal expense.


Schwab Reports Record Quarterly Net Income of $350 Million

The Charles Schwab Corporation announced today that its net income for the fourth quarter of 2014 was a record $350 million, up 9% from $321 million for the third quarter of 2014, and up 10% from $319 million for the fourth quarter of 2013.