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Morgan Stanley Third Quarter Earnings Call |
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Author: Rozalina Destanova
123jump.com
Last Update: 4:47 AM EDT September 21 2007
The US financial firm reported revenue increase of 13% to $8 billion, failing to meet the analysts’ expectations of $8.35 billion. Fixed-income sales and trading net revenues were $2.2 billion, driven by lower credit revenues as spread widening, lower liquidity and higher volatility resulted in lower origination, securitization and trading results across most products. Commodities revenues were down on lower trading results. |
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