BUSINESS
05/10/2009 05:12 am ET | Updated May 25, 2011

Morgan Stanley earnings to be hurt by bonds: report

(Reuters) -- Morgan Stanley's (MS.N) bottom line will be hurt by the recent rebound in its bond prices, the Wall Street Journal said.

On account of the accounting treatment on some bonds issued by Morgan Stanley before the financial crisis erupted, the company is expected to take a hit of $1.2 billion to $1.7 billion on the bonds when it reports its first quarter results later this month, the paper said, citing people familiar with the situation.

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