Reuters: Global Markets: Morgan Stanley reports net loss, but operating earnings up

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Morgan Stanley reports net loss, but operating earnings up Oct 18th 2012, 11:35 Tweet Share this Email Print Related News Verizon quarterly profit boosted by wireless business 6:13am EDT American Airlines posts loss, but business improves Wed, Oct 17 2012 Bank of America ekes out a profit as crisis-era costs drag Wed, Oct 17 2012 UPDATE 4-BofA ekes out a profit as crisis-era costs drag Wed, Oct 17 2012 Quest Diagnostics lowers 2012 revenue, earnings outlook Wed, Oct 17 2012 Analysis & Opinion Why there's less high-frequency trading States don't need to take loans from JP Morgan Related Topics Hot Stocks » Asian Markets » Money » The Morgan Stanley worldwide headquarters building is pictured in New York June 22, 2012. Credit: Reuters/Brendan McDermid Thu Oct 18, 2012 7:35am EDT (Reuters) - Morgan Stanley said Thursday that it lost money in the third quarter, though income from continuing operations rose sharply on higher trading revenue when excluding accounting charges to reflect swings in the price of its own debt. The investment bank reported income from continuing operations of $561 million, or 28 cents per share, compared with $64 million, or 2 cents per share a year ago, excluding debt valuation adjustments. Including the effect of that accounting adjustment, Morgan Stanley lost $1 billion, or 55 cents per share, compared with earnings of $2.2 billion, or $1.14 per share, a year earlier. Analysts had been expecting Morgan Stanley to report earnings of 24 cents per share, but it was not immediately clear whether that figure was comparable to the operating earnings figure the bank reported. (Reporting By Lauren Tara LaCapra; Editing by Gerald E. McCormick) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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