Morgan Stanley swung to a $2.15 billion profit in the third quarter, helped by a large accounting gain, even as core revenue in trading, banking and wealth management operations fell.
The second-largest U.S. investment bank earned $1.15 per common share, compared with a loss of 7 cents per share in the year-ago quarter.
(Reporting by Lauren Tara LaCapra in New York; editing by John Wallace)
Copyright 2011 Thomson Reuters. Click for Restrictions.
SUBSCRIBE AND FOLLOW
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements.Learn more