"Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

DAMN YOU OBAMA FOR STIFLING THESE COMPANIES WITH REGULATIONS AND PREVENTING THEM FROM DOING EXACTLY THIS

DamnYankees: Cataholic: "Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

How does this balance with the headline? They added three cents a share and that equals $2.15 billion in profit? How many freaking shares of this company are outstanding?

apparently 705 billion.

$2.15 billion and not a hard $3 billion? Fire more workers, Chauncey Yancey Billingsworth V, as we need the capital!

I got a rock with a low adjustable rate mortgage though!

I WANTS ME SOME OF THAT INTERNET MONEY!

/I am the 99%

i can't believe i used to work for this douchebag company....

sprawl15: DAMN YOU OBAMA FOR STIFLING THESE COMPANIES WITH REGULATIONS AND PREVENTING THEM FROM DOING EXACTLY THIS

I love this talking point because it's so easy to demolish with a simple question: "What specific regulations do you think are hurting businesses?" Ask and watch them squirm.

A lot of good that rock does if you can't smoke it.

What am I going to do with a rock? Wind a string around it?

DamnYankees: Cataholic: "Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

How does this balance with the headline? They added three cents a share and that equals $2.15 billion in profit? How many freaking shares of this company are outstanding?

1.927916 billion shares.

A huge one time non-cash accounting gain of $3.4 billion accounted for a $1.76 gain per share, which if you assume a corp tax rate of 35%, makes the gain after tax around $1.13. Subtract that from $1.16 and you get your 3 cents gain.

So yes, 3 cents per share on a stock that's trading at $17.36 as of 15 mins ago isn't exactly killing it.

soup: sprawl15: DAMN YOU OBAMA FOR STIFLING THESE COMPANIES WITH REGULATIONS AND PREVENTING THEM FROM DOING EXACTLY THIS

I love this talking point because it's so easy to demolish with a simple question: "What specific regulations do you think are hurting businesses?" Ask and watch them squirm.

that's the joke.

soup: sprawl15: DAMN YOU OBAMA FOR STIFLING THESE COMPANIES WITH REGULATIONS AND PREVENTING THEM FROM DOING EXACTLY THIS

I love this talking point because it's so easy to demolish with a simple question: "What specific regulations do you think are hurting businesses?" Ask and watch them squirm.

Unfortunately they can respond with more warrrghlbargle: "ALL OF THEM! DEREGULATE EVERYTHING!"

Anyone else see this a just more evidence of MASSIVE corporate economic control? Maybe I've been reading way too much OWS stuff, but it seems like a company might want to keep the fact that they made 2.15 BILLION dollars by producing nothing on the down low right now.

Oh yeah, well my rock keeps tigers away!

/hope so, I'm in SE Ohio right now

madcan34: I WANTS ME SOME OF THAT INTERNET MONEY!

/I am the 99%

Even though the $20s are green, the $50s are blue and the $100s are yellow.

Maybe if I hold up a sign, Morgan Stanley will write me a personal check for some of that money.

tacks: one time non-cash accounting gain of $3.4 billion

I consider myself pretty intelligent, but WTF is that supposed to mean? What is an 'accounting gain'? Because, I could personally use a one time accounting gain of about $200K to get me entirely out of debt (house and all).

It's alright, it's alright.

They took it all from other rich people.

DamnYankees: Cataholic: "Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

How does this balance with the headline? They added three cents a share and that equals $2.15 billion in profit? How many freaking shares of this company are outstanding?

The profit was $1.16/share and there was "a huge one-time accounting gain" that must have accounted for $1.13 of that profit per share. So, it'll be hard for them to repeat that success in the near future unless the CFO's magic pencil can come up with more, huge, one-time accounting gains.

BilldaCat10: What am I going to do with a rock? Wind a string around it?

Everybody wants a rock to wind a piece of string around.

Or prosthetic foreheads on their real heads.

DamnYankees: Cataholic: "Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

How does this balance with the headline? They added three cents a share and that equals $2.15 billion in profit? How many freaking shares of this company are outstanding?

I'm fairly certain that the profit is not from just the three cents. They were trading, in just common stocks, at around $16 a share. That would be something like 131 million shares.

soup: sprawl15: DAMN YOU OBAMA FOR STIFLING THESE COMPANIES WITH REGULATIONS AND PREVENTING THEM FROM DOING EXACTLY THIS

I love this talking point because it's so easy to demolish with a simple question: "What specific regulations do you think are hurting businesses?" Ask and watch them squirm.

For starters, minimum wage, the EPA and OSHA. You know, the regulations we have that China doesn't.

tacks: DamnYankees: Cataholic: "Excluding the accounting gain Morgan Stanley notched earnings of three cents a share. Analysts had been forecasting an 11 cent loss."

While trading at over $16, they'll have their shareholders rolling in dough in no time at all.

How does this balance with the headline? They added three cents a share and that equals $2.15 billion in profit? How many freaking shares of this company are outstanding?

1.927916 billion shares.

A huge one time non-cash accounting gain of $3.4 billion accounted for a $1.76 gain per share, which if you assume a corp tax rate of 35%, makes the gain after tax around $1.13. Subtract that from $1.16 and you get your 3 cents gain.

So yes, 3 cents per share on a stock that's trading at $17.36 as of 15 mins ago isn't exactly killing it.

You showed your work; I didn't. Therefore, you win :-)

I may have gotten a rock, but I'll use it to hit someone there over the head and steal their money.

Charlie Brown always got a rock because he didn't speak up. He always failed because he constantly accepted being taken advantage of. This not better symbol for the American debtor nation than Charlie Brown.

Taxed mercilessly to bail out the swells, bankrupted by job losses and foreclosure, then at the end of their lives several pointless uninsured medical procedures that leave the average person destitute. Tell me again why those OWS folks are nothing but ignorant hippies.

LET THEM EAT CAKE!

Newsflash: Corporations make money.

That makes them EEEVVVVIIIIIILLLL. TAKE THEIR MONEY, TAX EM SO MY ENTITLEMENTS CAN GET PAID!

Gimme gimme gimme!

Or something like that. I gave up trying to understand because I needed my sleep to contribute to society at my job.

You know... When I see all these former recipients of government bailout money posting record profits, it makes me wonder what toxic investments they've made this time (that we'll all be paying for later).

Funny, I don't see OWS hipsters protesting Apple and throwing away their iPhones when the found out the company made a profit of $6.62 billion in the last quarter...

The original Wall Street Urinal headline was even more perplexing (they've changed it now) but it said Morgan Stanley:
benefited from declines in the value of its own debt as it booked a $3.4 billion revenue boost from a debt-valuation adjustment

Assets go down, profit goes up. You can't explain that Mr. O'Reilly!!

Is this the thread where TFA refers to a big bank's earnings and we whine about the number without regard to any accounting noise or the actual return on equity? Or is the other thread? Or the other?

MrSeabass: Funny, I don't see OWS hipsters protesting Apple and throwing away their iPhones when the found out the company made a profit of $6.62 billion in the last quarter...

I did. No longer will I be held hostage by profit-seeking silicon valley bigwigs from my technology needs. Credit unions sell smartphones, right?

MrSeabass
Funny, I don't see OWS hipsters protesting Apple and throwing away their iPhones when the found out the company made a profit of $6.62 billion in the last quarter...

Really? You don't know and understand the difference? Yikes.

/hint...we didn't bail out Apple

Beerguy: Pair-o-Dice: madcan34: I WANTS ME SOME OF THAT INTERNET MONEY!

/I am the 99%

Even though the $20s are green, the $50s are blue and the $100s are yellow.

Assuming you are referring to Monopoly money, I have one correction;

The $100s aren't yellow, they are goldenrod. In Monopoly, the yellow bills are 10s.

"Goldenrod" isnt a color. What kinda commie are you?

Fine, here we go.

Equities trading was up 20%, year over year. Take out the gain and it was down 26% - i.e. we can't get an IPO done to save our life and stocks have gone bazonkers. Why they book their loan valuation in the equity P&L I have no idea.

Fixed income was down 17%, primarily due to illiquid loans and mortgages being way down - i.e. no one wants to buy this crap, and interest-rates, commodities and currencies being up - i.e. i'm scared shatless of what's going on in this retarded world so i'm going to hedge the crap out of everything and sink my cash into precious metals so i don't lose even more money.

The massive gain is actually a decline in the value of their own debt, because theoretically they could buy it back at a massive discount to the principal. Its freaking stupid accounting and no lender (whatever mutual funds hold their paper) is going to sell at this type of loss.

So derp derp they makes huge profits at taxpayers expense again or whatever.

MrSeabass: Funny, I don't see OWS hipsters protesting Apple and throwing away their iPhones when the found out the company made a profit of $6.62 billion in the last quarter...

Did Apple get 109 BILLION dollars from the Fed a couple years ago?

soup: I love this talking point because it's so easy to demolish with a simple question: "What specific regulations do you think are hurting businesses?" Ask and watch them squirm.

Exactly. There are no regulations that businesses really object to (new window). It's all a red herring.

Omnivorous: The original Wall Street Urinal headline was even more perplexing (they've changed it now) but it said Morgan Stanley:
benefited from declines in the value of its own debt as it booked a $3.4 billion revenue boost from a debt-valuation adjustment

Assets go down, profit goes up. You can't explain that Mr. O'Reilly!!

The debt they were referring to was Morgan Stanley's own debt which they owed to investors/counterparties. So the silliness of the accounting rule that requires that aside, the correct phrase would be "Liabilities go down, profit goes up".

My financial advisor:

UtileDysfunktion: You know... When I see all these former recipients of government bailout money posting record profits, it makes me wonder what toxic investments they've made this time (that we'll all be paying for later).

Funny you should mention that.... Morgan Stanley's one time gain is based on the value of their debt falling, because people were selling it... because MS is heavily exposed to French banks.... which are very heavily exposed to Greek debt.

MrSeabass: Funny, I don't see OWS hipsters protesting Apple and throwing away their iPhones when the found out the company made a profit of $6.62 billion in the last quarter...

Morgan Stanley received $107.3 billion from the US taxpayers in 2008, the most of any bank, according to data compiled by Bloomberg News using information released in response to Freedom of Information Act requests, related court orders and an act of Congress. Morgan Stanley was bankrupt.

Apple made their profit from product sales. Morgan Stanley made their profit by theft. See the difference?