Wall Street bank Morgan Stanley said Thursday that it saw a third-quarter loss of $1 billion, or 55 cents a share, compared to a profit of $1.14 a share in the year-ago period
Net revenue at the firm was $5.3 billion, down from $9.89 billion in the third quarter of 2011 Income from continuing operations applicable to Morgan Stanley was 28 cents a share, while excluding debt valuation adjustment revenue was $7.6 billion
Analysts were expecting profit of 24 cents a share on revenue of $6.36 billion, according to FactSet
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