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Reuters Right Now: Morgan Stanley posts net loss, but revenue up

Wednesday, October 17, 2012 - 00:52

Oct 18 - Morgan Stanley said it lost money in the third quarter, but income from continuing operations rose sharply on higher trading revenue.

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What -- -- results that came out this morning and today the face at them they they look pretty bad. Profit profit was down. Bet that's mainly because there's been an accounting actually think it posted a loss that's mainly because in at an accounting adjustment. As well as -- expenditure associated with. Starting to buy the restive Smith Barney. But if you if you kind of lift that the hood and look at the numbers that are actually pretty Kate. The wealth management side they they they -- advisors the advisors are generating more advisors -- head are more revenue per head. And I -- -- -- banking side. Fixed income underwriting revenue was it was better. And and and fixed and fixed income trading revenue is better as well. And and the fixed income trading has long been an issue for them and suits who looks like. In the beginning some of their problems behind them.

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Reuters Right Now: Morgan Stanley posts net loss, but revenue up

Wednesday, October 17, 2012 - 00:52