Morgan Stanley reports a profit of $1.46 billion from continuing operations
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Morgan Stanley reports a profit of $1.46 billion from continuing operations

San Francisco : CA : USA | Jul 21, 2010 at 8:52 AM PDT
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Morgan Stanley also finally released its quarterly results. The second quarter results for Morgan Stanley are much better than what analysts were expecting. Morgan Stanley reported a profit of $1.46 billion from continuing operations.

Morgan Stanley was about to collapse during the credit crunch. However, it improved its financial strength to a large extent ever since. The earnings in 2nd quarter through June were $1.09 a share compared with a loss of $1.10 a share in the period a year ago.

The Net income attributable to shareholders was $1.58 billion, after a loss of $1.26 billion in the period a year ago. This Net income is a good sign for investors seeking interest in Morgan Stanley.

Morgan Stanley's revenue was $7.95 billion, a 53 percent increase from the quarter a year ago.

Morgan Stanley's competing firms like JPMorgan Chase, Bank of America and Citigroup could not fetch good results.

harry68 is based in San Francisco, California, United States of America, and is an Anchor for Allvoices.
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