Morgan Stanley swung from a loss to a better-than-expected profit in the fourth quarter compared to a year ago — at the same time that it announced a new strategic plan for improving profitability even more.

The Wall Street bank said on Tuesday that during the final quarter of 2015 it earned $753 million, or 39 cents a share, up from a loss of $1.75 billion in the fourth quarter of 2014.

Analysts polled by Thomson Reuters had expected profit of 33 cents a share. Morgan Stanley’s revenue of $7.7 billion in the quarter was also slightly higher than analysts had expected.

Its wealth management and Wall Street divisions both performed largely in line with results from recent quarters.