US investment bank Morgan Stanley saw fourth-quarter profit decrease from last year, missing analysts’ estimates. The company’s bottom line totalled $1.38 billion, or $0.85 per share. This compares with $2.11 billion, or $1.26 per share, in last year’s fourth quarter. Analysts on average had expected the company to earn $0.92 per share, according to figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items. The company’s revenue for the quarter rose 1.2% to $12.90 billion from $12.75 billion last year.