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Morgan Stanley First Quarter Earnings Call |
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Author: Rozalina Destanova
123jump.com
Last Update: 5:10 AM EDT March 21 2008
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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