Morgan Stanley’s Q1 Projected Negative by Recent Bond Price Rebound
April 09, 2009 at 01:27 AM EDT
Morgan Stanley’s (MS) bottom line will be hurt by the recent rebound in its bond prices and concern that commercial real-estate woes will dent the co.’s quarterly profit, the Wall Street Journal said. On account of the accounting treatment on some bonds issued by Morgan Stanley before the financial crisis erupted, the New York-based company is [...]