| Morgan Stanley
Earnings Call |
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Morgan Stanley First Quarter Earnings Call
21st March 2008 00:00 AM |
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| The company reported earnings fell to $1.56 billion from $2.67 billion last year amid mortgage write-downs. |
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| Revenue fell 17% to $8.3 billion from last year''s first quarter results of $9.99 billion. Driving the company''s results was a 51% jump in the sales and trading of equities, as well as numbers from institutional securities and fixed-income businesses. Asset management business posted a pre-tax loss of $161 million due to losses on securities issued by structured investment vehicles. |
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Morgan Stanley Fourth Quarter Earnings Call
21st December 2007 00:00 AM |
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| The company posted a loss of $5.8 billion as mortgage-related writedowns continue to mount. |
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| The brokerage firm took an additional $5.7 billion mortgage-related writedown, while announced a $5 billion cash injection from a Chinese state-run investment fund. The return on average common equity from continuing operations was 7.8% compared to 23.8% the prior year. Institutional Securities posted a pre-tax loss of $6,479 million, reflecting the mortgage related writedowns. Global Wealth revenues of $6.6 billion were up 20% from 2006 driven by stronger transactional revenues. |
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Morgan Stanley Third Quarter Earnings Call
21st September 2007 00:00 AM |
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| Profit fell to $1.47 billion, reflecting damage caused by the broad sell-off in mortgage and corporate loan markets this summer. |
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| 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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Morgan Stanley Second Quarter Earnings Call
21st August 2007 00:00 AM |
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| Profit jumped 40% to $3.87 billion, as debt-trading revenues rose and the firm avoided the extent of subprime losses. |
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| The financial firm’s revenue increased 32% to $11.52 billion, exceeding analysts’ expectations of $10.03 billion. Favorable global market conditions and increased client flows in all regions across cash, derivatives, and financing markets drove revenues higher. Fixed-income sales and trading revenue rose 34% to $2.9 billion, driven by strong results in interest-rate and currency-and-credit products. PBT margins are expected to be around 20% as the company invests in strategic growth initiative. |
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