On this episode of Stock Movers:
- Morgan Stanley (MS) shares jump as much as 4.5% after the bank reported wealth management net revenue for the fourth quarter that beat the average analyst estimate, while FICC sales & trading revenue came in below estimates. The company reported record annual net income, with total investment-banking fees at $2.41 billion, up from a year ago, and net new assets in the wealth business at $122.3 billion.
- Vail Resorts (MTN) shares slump 4.6% in premarket trading after the ski report operator said now expects full-year resort reported Ebitda to be just below the low end of its September 29 guidance range of $842 million to $898 million, with the company adding that it experienced one of the worst early season snowfalls in the western US in over 30 years.
- Shares of JB Hunt (JBHT) fell 4.6% after the trucking company’s fourth-quarter revenue of $3.10 billion slightly missed estimates, with dedicated contract services revenue of $842.9 million trailing an estimate of $868.4 million.
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