Morgan Stanley lost money from trading on seven days in the third quarter, down from eight a year earlier.
None of the daily losses exceeded the bank’s so-called value-at-risk, an estimate of potential trading losses.
Morgan Stanley posted the highest equity-trading revenue among the five biggest Wall Street banks, while also generating the least fixed-income trading revenue. The firm already has reached its 2014 goal of cutting capital used by the fixed-income unit as part of Chief Executive Officer James Gorman’s plan to double return on equity.
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