Mor­gan Stan­ley posts loss in third quar­ter

The Pak Banker - - Front Page -

NEW YORK

Mor­gan Stan­ley, the Wall Street bank with the big­gest trad­ing-rev­enue in­crease last quar­ter, lost money in that busi­ness on eight days in the pe­riod, down from 31 days a year ear­lier.

Traders gen­er­ated more than $100 mil­lion on nine days in the pe­riod, com­pared with two days in the third quar­ter of 2011, the New York-based com­pany said yes­ter­day in a reg­u­la­tory fil­ing. None of the daily losses ex­ceeded the bank’s so-called value-at-risk, an es­ti­mate of po­ten­tial trad­ing losses. Mor­gan Stan­ley had a 40 per­cent quar­ter-over-quar­ter in­crease in trad­ing rev­enue, ex­clud­ing ac­count­ing charges.

Mor­gan Stan­ley had a 40 per­cent quar­ter- over- quar­ter in­crease in trad­ing rev­enue, ex­clud­ing ac­count­ing charges, led by an 89 per­cent jump in fixed- in­come rev­enue. Chief Fi­nan­cial Of­fi­cer Ruth Po­rat, 54, said last month.

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