Morgan Stanley Thought Likely To Post Loss
More in BUSINESS NEWS
back-up- Top Firms Finally Hit By H1N1 Threat
- Top Firm Caught Out By Rogue Traders
- 'It's Not As If They Paid Great Bonuses In The First Place!'
- Top Firm Chain Letter
- Sisters Are Doing It For Themselves
- Dear All - 'I Am Not Interested' In Bank of America Job
- Bank of America, BNP Paribas, Goldman, JPMorgan, Galleon Group
- Old Traders Never Die - The Seance
- Click Here To Register For Free News E-Mail Alerts
- Speculation Mounts About Goldman's Bonus Plans
- Top Boss Tells Church Crowd 'Profit Is Not Satanic'
- Your Views On Bonuses (Poll Results)
- Bank of America 'Is Not A Monarchy'
- Bankers Will Have The Last Laugh On Pay
- 'There Aren't Many People Who Think Charlotte Is A Major Financial Center'
- Top Firm Delivers 'Another Big Disappointment'
- Bank Of America CEO Poll - Incredible Result
- Scruffy Civil Servant Warns Tax Dodgers
- BofA Said To Have Got Another Turn-Down
- Interview With Bernie Madoff
- Top Firm Dismisses Talk Of Further $10bn Writedown
- The Average British Soldier
- Top Firm Puts More Aside For Staff Compensation
- Firms On Alert As Insect 'Infestation' Crashes PC Networks
- Register Now For Free 'Old Traders Never Die' Updates
- Secretary Geithner's Written Testimony On Reform Of Financial System
- ISITC Europe Successfully Introduces New Operating Structure
- Dumb & Dumber - Incredible Details About Lehman Weekend Revealed
- The Cityboy Column
- The Man Bank of America Should Hire As CEO (But Won't)
- Goldman Needs To Give Away $1bn
- Top Firms Said To Have Lost $400m On Hedge Fund
- H1N1 Flu - Have You Got It ? (Quick Test)
- H1N1 Bank Call Center Transcript (You Couldn't Make It Up)
- 'It's Just No Fun Anymore!'
- Top Firm CEO Says He Won't Poach Staff From Rivals
- 'I Hate Recruitment Consultants' - Reader Comments
- Bohemian Bankruptcy
- 'I Hate Recruitment Consultants'
- Mack Attack - The Moment Big John Hit Back
- Compliance Training ? 'The Biscuits Were Good'
- Banker, Hire Thyself
- IT Recruitment - The Smart Way
- And Wall Street's Top Athlete Is...........
- John Mack On Saving Morgan Stanley
- Bankers Taught How To Be Killing Machines
- Banks Given Five More Days To Justify Bonuses
- Billionaire Madoff Investor Found Dead In Swimming Pool
- Top Bailed-Out Execs Averaged $18m Each In 2008
- The Vic Daniels Column - 26/10/09
Related Content
- Morgan Stanley 's Q3 Earnings (22/10/2009)
- Mack Should Leave Morgan Stanley For Good (12/09/2009)
- John Mack On Saving Morgan Stanley (27/10/2009)
- The Americans Are Not As Stupid As We Thought (22/10/2009)
- Name Of New Hedge Fund Gives Pause For Thought (20/08/2009)
The firm is expected to make more real estate and leverage loans writedowns, and take a hit of up to $1.7bn on certain structured fixed income instruments.
Barclays Capital analyst Roger Freeman said: 'In this quarter, the tide is in favour of Goldman Sachs and against Morgan Stanley', as Goldman has more exposure to equities (which have rallied).
Bloomberg reports that Wells Fargo said that it will report record first-quarter profits of around $3bn on 22nd April, and said that the Wachovia acquisition is exceeding expectations. The pre-announcement of earnings sparked a major rally in US stocks Thursday. Not everyone is convinced, however, that all is rosy over at Wells. KBW bank analyst Frederick Cannon said in a note: 'Details were scarce, and we believe that much of the positive news in the preliminary results had to do with merger accounting, revised accounting standards and mortgage default moratoriums, rather than underlying trends.....We expect earnings and capital to be under pressure due to continued economic weakness'.
Finally, Reuters reports that Sumitomo Mitsui Financial Group is expected to post a $3.9bn full-year loss for the 12 months to 31st March. The Japanese bank is also thought likely to announce plans to raise an additional $8bn in capital.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.
Please use the 'E-Mail' button immediately under the article title to send this item to a friend.











