January 21, 2010

Morgan Stanley Earnings: Good News and Bad News

Morgan Stanley reported consolidated income applicable to Morgan Stanley of $413 for the fourth quarter of 2009, with earnings of $376 million applicable to common shareholders. For the full year 2009, the firm reported $1.15 billion in consolidated income applicable to Morgan Stanley, but a loss of $907 million applicable the firm's common shareholders.

For the fourth quarter, the firm earned $0.29 per diluted share. For the full year, Morgan Stanley reported net loss of $0.76 per diluted share.

See full release and financial summary, here.

See related Citibank news, here.

See related Bank of America news, here.

Comments? Please send them to kmcbride@wealthmanagerweb.com. Kate McBride is editor in chief of Wealth Manager and a member of The Committee for the Fiduciary Standard.

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