17 September 2008
Morgan Stanley surprise now fallen sharply
Morgan Stanley surprise now fallen sharply from 37% to $ 18 on Wall Street ... despite accounts above expectations published yesterday evening. Investors are reacting to rumours that would like the declining price of a firm force to s'adosser actor to another bank. The title was expected to surge in pre-meeting, before plunging too quickly into a market depression.
The investment bank in New York Morgan Stanley issued Tuesday evening its accounts of the 3rd quarter of 2008. Exceptionally, the company publishes after the close on Wall Street. The quarterly revenues totaled $ 8 billion on an EPS of $ 1.32 and an annualized ROE of 16%. The benefit of continuing operations was $ 1425 billion and $ 1.32 per title, against $ 1474 billion and $ 1.38 per share on the 3rd quarter last year. Revenues are up 1% year on year. The net result, at $ 1425 billion and $ 1.32 per title, is compared with a profit of $ 1543 billion and $ 1.44 per title on the Q3 2007.
by erectusplus at 19:10:00 |
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