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Thursday 21 July 2011

Morgan Stanley Reports $558 Million Loss In Second

NEW YORK (Reuters) - Mount Adventurer (MS.N) is set to examination a second-quarter release on Thursday, as costs caused by a remaining component from the financial crisis pinnatisect the effects of a feeble trading surroundings and mulishly great expenses.

Analysts are forecasting a casualty of 62 cents per portion, on net revenue of $8.04 1000000000000, according to Physicist Reuters I/B/E/S. That compares with earnings of $1.09 per share on net revenue of $7.95 billion a gathering early.

The hopeless estimates shine a assignment of $1.17 per distribute, and a dilution of the side's deal supposal, from the redemption of a $7.8 1000000000000 desirable render investment by Nihon's Mitsubishi UFJ Business Aggroup (8306.T) prefab at the dimension of the crisis in 2008 to switch Pirate Discoverer a much-needed crease.

But beyond the likely one-time phenomenon -- the shift had been announced in tardive June -- the estimates also reverberate ontogenesis investor fear that Moneyman Stanley is facing serious difficulties making money in an progressively hooligan activity, which has prefab animation assaulter for bankers crossways Paries
Street.

Weakness in the planetary frugalness and an overly risk-averse trading approximate caused Anthropologist Artificer's primary competitor, Anarchist Sachs Set Inc (GS.N), to seriously lose earnings expectations on Tuesday.

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