Reuters logo
Daily trading losses at Morgan Stanley declined in 2012
February 27, 2013 / 2:35 AM / in 5 years

Daily trading losses at Morgan Stanley declined in 2012

NEW YORK, Feb 26 (Reuters) - U.S. investment bank Morgan Stanley lost money on 37 trading days last year, down from 64 days in 2011, the company said in a regulatory filing Tuesday.

The bank lost up to $25 million on 29 days, and between $25 million and $50 million on eight trading days. The firm did not lose more than $50 million on any one day, compared with 17 such times in 2011.

The firm scored a daily trading profit of between $25 million and $50 million 84 times last year. The company netted more than $100 million on 23 days in 2012.

Revenue from trading helped the New York-based company’s fourth quarter earnings beat analyst estimates by a wide margin. Adjusted revenue in the sales and trading division more than doubled from the same quarter in 2011, to $2 billion from $867 million. Fixed-income, currency and commodities trading revenue was $811 million in the fourth quartfer, adjusted for accounting charges, compared with a loss of $493 million a year earlier.

Shares of the company closed at $22.44 on Tuesday and are up about 15 percent for the year.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below