Slow trading sees Morgan Stanley profit slump 34%
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MORGAN Stanley, the American investment bank, has seen its quarterly profits slide 34 per cent amid reduced trading revenues. The latest figure fell well short of Wall Streetâs already-lowered expectations after a summer of sluggish market activity.
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U.S. investment bank Morgan Stanley  MWD.N on Wednesday said quarterly profit dropped 34 percent  amid reduced trading revenue, falling well short of Wall  Street's already-lowered expectations and pushing the company's  shares down more than 8 percent.
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Crisis-hit mortgage lender's shares plummet as much as 34% as run on bank gathers pace.
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Diversified manufacturer 3M Co.  posted a weaker-than-expected quarterly profit on Tuesday and said global economic growth was slowing, sending its shares down 4.7 percent and weighing heavily on blue chip stocks overall.
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Stocks fell sharply on Wednesday after  oil prices climbed above $48 a barrel and investment bank  Morgan Stanley MWD.N reported a decline in quarterly profit,  stirring concern about corporate earnings.
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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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Stock prices are falling to some profit taking after yesterday&#39;s gains. The Dow Jones Industrial Average is down 16 points in today&#39;s early going.
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Even with a mega-loss expected, the banking giant still fell short of estimates, dragging U.S. stocks lower.
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WALL Street is said to be a bit rattled at the Federal Reserveâs latest quarter-point rise in American interest rates. Yesterdayâs one-third drop in quarterly profit announced by investment bank Morgan Stanleyâs will not help the jitters.
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JP Morgan Chase says its earnings for the last three months of 2007 fell 34% as a result of bad mortgage debts.
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Morgan Stanley and Bear Stearns  Companies posted a drop in quarterly profits on Wednesday,  surprising some investors one day after two other big  investment banks reported a rise in earnings.
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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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JP Morgan Chase &amp; Company, the nation&#39;s second-largest bank, surprised Wall Street today with a sharp drop in third-quarter earnings, attributing the weaker performance to poor results in fixed-income trading.
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Investors saw a major surge in oil prices and disappointing earnings from Morgan Stanley as a chance to collect profits Wednesday, sending stocks substantially lower.
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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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Stocks were lower on Wednesday after  investment bank Morgan Stanley MWD.N reported lower quarterly  profit and a U.S. regulator challenged Fannie Mae's FNM.N  accounting methods.
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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