David Dyer | Jul 22, 2012 04:31AM ET
Any earnings per share reported by the volatile Morgan Stanley (MS) is an improvement, and trend reversal, regardless of whether it is a beat or miss. The current Q2 2012 earnings per share of $0.29 serves that purpose. Morgan Stanley has reported losses per share in 2 of the past 3 quarters, in 3 of the past 5 quarters, and in 4 of the past 8 quarters.
Morgan Stanley does this to themselves and apparently to their clients. CEO James Gorman noted 2 quarters ago that MS continues “addressing a number of outstanding strategic and legacy issues.” I guess that’s one way to say it. Another way to say it is: we lie, cheat, and steal. The general public is not as familiar with Morgan Stanley as they are Goldman Sachs in the Wall Street Banksters syndicate. They are just as criminally inclined.
Metric, QoQ Change, YoY Change
Total Assets: $753.76 billion, -3%, -9%
Net Revenues: $6.95 billion, 0%, -25%
Net Income: $591 million, +729%, -50%
Earnings per Share: $0.29, +583%, -176%
At QE 6-30-12 I have upgraded Morgan Stanley to an “E+” from an “F-” at the prior QE 3-31-12. Previously at QE 12-31-11, the rating had been “D-”. This is on a scale of A+ to G-. The median rating is “D” and the average rating was “C” at QE 3-31-12. Financial position strength is weighted more than financial performance. The QE 3-31-12 bank ratings review is here.
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