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Morgan Stanley suffers $2.3 billion loss in 4Q

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Filed: Timeline

NEW YORK (CNNMoney.com) -- Morgan Stanley reported a massive $2.3 billion loss for the fourth quarter Tuesday, far worse than what analysts were expecting.

The nation's No. 2 investment bank posted a net loss of $2.3 billion, or $2.24 a share, during the fourth quarter. Including results from discontinued operations, the company said it lost $2.34 a share.

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Just a month ago, analysts were widely expecting Morgan Stanley to report a narrow profit for the quarter.

http://money.cnn.com/2008/12/17/news/compa...sion=2008121709


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