精品国产_亚洲人成在线高清,国产精品成人久久久久,国语自产偷拍精品视频偷拍

立即打開
Morgan Stanley suffers another loss

Morgan Stanley suffers another loss

2009年04月23日

????The investment bank posts a big loss and cuts its dividend, but execs say the firm is healthy enough to repay TARP.

????By Colin Barr

????Morgan Stanley reported a much bigger-than-anticipated loss in the first quarter Wednesday, as the revenue at the bank's bread-and-butter equity sales and trading business plunged 74% from a year ago.

????The firm was also hit by its exposure to the tanking commercial real estate market. But executives emphasized their market share gains in recent quarters, cited their strong capital ratios and said they would like to repay the money they received from the government last fall.

????Morgan Stanley (MS, Fortune 500) shares dropped 3% in midday trading.

????The Wall Street investment bank said it lost $177 million, or 57 cents per share, in the quarter ended March 31. Analysts were expecting a loss of 8 cents a share, according to Thomson Reuters.

????Counting the payment of $401 million in preferred dividends, the bank reported a net loss to common shareholders of $578 million.

????The company also slashed its quarterly dividend by 81%, to 5 cents from 27 cents, in a bid to conserve $1 billion in cash annually.

????The latest results extend the firm's losing streak, and stand out from the rest of the major banks' earnings, which have been generally better than expected -- if sometimes of questionable quality. Last quarter, Morgan Stanley posted a $2.3 billion loss.

????Nonetheless, finance chief Colm Kelleher said during a conference call that Morgan Stanley remains "uniquely positioned to benefit" from what he called the "profound cyclical and structural changes" in the economy and the financial markets.

????Despite the latest quarterly loss, he said Morgan Stanley is "more than comfortable" with its capital cushion against future losses and would like to repay the $10 billion it got last fall from the Troubled Asset Relief Program.

????"All we will say is we would like to repay TARP capital," he said. Some of the bank's biggest rivals, notably Goldman Sachs (GS, Fortune 500) and JPMorgan Chase (JPM, Fortune 500), have said they want to repay TARP funds.

  • 熱讀文章
  • 熱門視頻
活動
掃碼打開財富Plus App

            主站蜘蛛池模板: 迭部县| 东至县| 泸州市| 佛学| 虹口区| 辰溪县| 正安县| 清远市| 抚松县| 白玉县| 深州市| 永新县| 孝昌县| 图们市| 临江市| 清河县| 台前县| 安丘市| 遵义县| 东兰县| 广丰县| 界首市| 冀州市| 毕节市| 巩留县| 柳河县| 阿荣旗| 古浪县| 梧州市| 嘉峪关市| 兴城市| 桃江县| 东乡县| 红河县| 珲春市| 和田县| 交城县| 银川市| 敦煌市| 金溪县| 石屏县|