That compares with a 39m euro pre-tax profit in the same period last year.
However, the underlying pre-tax profit at its banking operations fell 72% to 184m euros.
Back in 2010, Gorman told investors the goal was a 20% pre-tax profit margin.
Operating pre-tax profit in the wealth management business was the highest in the bank's history, said Mr Gorman.
Last year Morgan lowered its pre-tax profit margin goal for the unit to 15% for the middle of 2013.
It said pre-tax profit rose 7% to 6.7bn euros in 2012 from the previous year, despite higher food and energy costs.
In 2012 sales dipped 2.5%, but with some rigorous cost-cutting the company has managed to post a 12% jump in pre-tax profit.
Overall revenues for the quarter ending September were virtually unchanged at 1.789 trillion yen and Sony left its full year pre-tax profit forecast unchanged at 310bn yen.
Also, Morgan Stanley was ahead of its peers by attaching long-term performance criteria to the vesting of stock options based on ROE, TSR, and Pre-tax Profit measures over three years.
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Volvo pre-tax earnings dropped to 2.9bn Swedish kronor from 4.57bn Swedish kronor a year earlier, while Scania saw pre-tax profit of 2.51bn Swedish kronor from 2.38bn Swedish kronor the year before.
If a transaction purports to be designed to make a pre-tax profit and even suggests that you should sign a representation that you are investing with a profit motive, get nervous.
Coffee Republic chief executive Peter Morris said the buying out Goodbean, which owns 19 outlets in the south-east of England, will help the company to post a pre-tax profit by March 2003.
The investment banking division, which is the motor of the group's business, posted a 57% decline in pre-tax profit to 447m euros in the final quarter, thanks to a sagging demand for debt products.
Perhaps the answer to this dilemma is for teams to behave more like the ever-popular Arsenal, which recently posted pre-tax profit and boasts about having a self-sustaining financial model that every team should copy.
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Its 31% increase in net income in the fourth quarter resulted primarily from higher operating profit, a pre-tax gain for the sale of its 18% ownership in the Game Show Network, and a lower effective tax rate.
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Considering continuation of low employment costs and minimal net interest expense profit margins pre-and-after tax hang in.
Even more relevant they registered average five year pre-tax margins of 10.1 percent and net profit margins of 6.4 percent.
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Despite the problems affecting the aviation industry, as highlighted by the losses at British Airways and profit warnings from Virgin Atlantic, Ryanair announced a 19% rise in pre-tax profits to 90.1m euros, outstripping City expectations of a 15% rise.
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