Morgan Stanley says commodity results "declined meaningfully"

NEW YORK Fri Jan 18, 2013 7:56am EST

NEW YORK Jan 18 (Reuters) - Morgan Stanley said its commodity results fell in the fourth quarter from a year earlier, and trading risks for the sector were also lower.

"Commodities results declined meaningfully in a challenging market," the bank said.

Morgan Stanley's Value-at-Risk (VaR) in commodities stood at $22 million in the fourth quarter, unchanged from the previous three months but down from $26 million in the 2011 fourth quarter.

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