One of the oldest and largest American commercial banks, which falls into the category of financial conglomerates, was founded in 1935 by Henry Morgan and Herald Stanley. For such long period of its existence the bank has managed to set a firm market position and be among its leaders.
However, according to the experts of BL department of American news, the major part of the bank’s profit from transactions held during the period of April-June 2012 has amounted to 536 mln. dollars versus 530 mln. dollar lost last year, as informed by the banks’ administration.
The bank implements all projects by means of special departments and branches, it gives financial aid to many clients. Its services are provided to corporate clients, private clients, and state organizations.
BL experts managed to define bank’s main departments: Corporate Securities Management, Administration of Estates, Trust Management, Discover Card.
It has been informed at the recent press release that earnings per share, not including certain factors, have amounted to 16 cents, whereas prediction of Bloomberg agency was 29 cents. All this proves that despite Morgan Stanley’s return to earning profit, the bank failed to answer market’s current expectations.
This quarter bank’s earnings have dropped from 9.21 bln. US dollars до 6.95 bln.; it has been predicted to amount to 7.58 bln.:
As informed earlier, the bank is rather popular in America and keeps its leading position; however, there is a number of major rivals: ABN, AMRO, Bank of America Securities, Citigroup, Credit Suisse, Deutsche Bank,Goldman Sachs, JPMorganChase, Lehman Brothers, Merrill Lynch, and UBS.
