Morgan Stanley’s Profits Slump As Bond Trading Revenue Declines

Last quarters actual earnings were 0.79 per share.

In its most recent quarter Morgan Stanley had actual sales of $ 10431.

Morgan Stanley released its third quarter earnings report before opening bell this morning, posting a wide miss of 34 cents per share in adjusted earnings and adjusted revenue of $7.33 billion.

-Earnings Decline (Y-o-Y): -52.6%.

Wall Street Analysts have given a mean estimate of $ 0.78 earnings per share to Morgan Stanley. The company had revenue of $7767.00 million for the quarter, compared to analysts expectations of $8460.87 million.

Morgan Stanley’s Investment Management saw net revenues fall from $667 million last year to $274 million this year.

Now the company Insiders own 0.37% of Morgan Stanley Company shares according to the proxy statements. As of December 31, 2011, the Company’s Global Wealth Management Group had $1,649 billion in client assets. The higher price target estimate for the stock has been calculated at $52 while the lower price target estimate is at $35.

Morgan Stanley (NYSE:MS) opened at 33.95 on Monday.

Book value per share was $34.97 and tangible book value per share was $29.99 per share at the end of September, based on about 1.9 billion outstanding shares. Deutsche Bank reaffirmed a “hold” rating and set a $39.00 target price on shares of Morgan Stanley in a research note on Wednesday, August 12th. The 52-week low of the share price is at $30.15. Through its subsidiaries and affiliates, the Company provides a number of products and financial services to several customers and clients, including financial institutions, governments, corporations and people. The Company is a financial holding company.

Morgan Stanley’s wealth management segment is a key unit that investors are advised to keep an eye on. The Companys Asset Management business segment offers clients an array of equity, fixed income and alternative investments and merchant banking services.