Morgan Stanley Returns to a Profit

[WannaJumpMyScooter]

Source: The NY Times

Morgan Stanley announced on Wednesday that it had returned to profitability in the third quarter after three successive quarterly losses.

The bank said it earned $498 million or 38 cents a share, compared with $7.7 billion, or $7.38 a share, in the quarter a year ago when results were helped by a one-time gain.

Read more: http://www.nytimes.com/2009/10/22/business/22bank.html?hp

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Huh. So are they paying back the US taxpayers?

[tabatha]

1. And where are the loans?

and the decent rates?

[WannaJumpMyScooter]

2. well, duh

if you don't make loans and jack up rates on the ones you have, you have a profit

[tabatha]

3. Looks like the shareholders are king.

[skoalyman]

4. kick