Morgan Stanley Quarterly Earnings Fall
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U.S. investment bank Morgan Stanley on  Wednesday said quarterly profit fell amid reduced trading  revenue, reflecting the impact of sluggish markets this summer.
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Bank of New York Mellon Corp  said on Thursday fourth-quarter profit fell, reflecting a one-time gain a year earlier.
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Stocks were seen opening lower on  Wednesday after investment bank Morgan Stanley MWD.N said  quarterly profit fell, while a brokerage downgrade on  bellwether Cisco Systems Inc. CSCO.O could hurt technology  stocks.
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Morgan Stanley , the second-largest investment bank by market value, said on Tuesday it would spin off its Discover credit-card division as quarterly profit fell 11 percent.
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Investment bank misses estimates as trading income plunges, other units fail to pick up the slack. By Rob Cox, Breakingviews. LONDON (Breakingviews) - Morgan Stanley is the first to slip.
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Morgan Stanley, hurt by tight credit markets and adverse trading conditions, reported a 17 percent drop in its third-quarter profit today.
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Investment bank Morgan Stanley yesterday said third-quarter profits slumped by a third as bond trading revenues plunged and expenses including bankers&#39; pay surged.
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U.S. stocks fell on Wednesday as  weaker-than-expected earnings from J.P. Morgan Chase & Co.  JPM.N, the second largest U.S. bank, dampened Wall Street's  mood.
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The investment bank said third-quarter profit fell less than expected, as strength in stock trading and investment banking offset losses from the mortgage market.
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US investment bank Morgan Stanley on Wednesday said quarterly profit dropped by a third on lower bond trading revenue, weak equities results and higher expenses, falling
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JPMorgan Chase & Co. JPM.N, the No.  2 U.S. bank, said on Wednesday its fourth-quarter earnings fell  11 percent, hurt by charges related to its merger with Bank One  last year and falling investment bank results.
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J.P. Morgan Chase & Co. , the No. 2 U.S. bank, said  on Wednesday profit fell in the third quarter, missing analyst expectations, as a result of costs from its July merger with Bank One Corp. and lower fixed-income revenues.
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Stocks fell sharply on Wednesday after  oil prices jumped more than a dollar to over $48 a barrel and  investment bank Morgan Stanley MWD.N reported a drop in its  quarterly profit.
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Shares of Wall Street's investment banks slipped at the opening bell Monday ahead of the brokerages' third-quarter earnings reports, as a J.P. Morgan Securities analyst said investors might be more comfortable if they reported lower profits.
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WASHINGTON (CBS.MW) -- Shares of Freddie Mac fell Friday as the market digested news about the mortgage company&#39;s earnings, which were restated lower for 2003.
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NEW YORK - Disappointing earnings from Morgan Stanley and oil prices topping $48 per barrel sent stocks sharply lower Wednesday as investors moved to protect their recent gains. The Dow Jones industrial average dropped 138 points...
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Morgan Stanley reported a 7 percent drop in profit from continuing operations in the third quarter.