Morgan Stanley Loses $2.37 Billion

Morgan Stanley (GS) said Wednesday it lost $2.37 billion during its fiscal fourth quarter as it took a range of losses on assets amid one of the roughest quarters for investment banks.

Morgan lost $2.34 per share for the quarter ended Nov. 30. It lost $3.61 billion, or $3.61 per share, during the year-ago period when it took a $9.4 billion write-down on mortgage-related assets as the housing crisis began to spiral downward. Analysts on average, forecasted a loss of 34 cents per share.

by Mark Anderson | 12/17/08 | Stocks: GS,

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Morgan Stanley Loses $2.37 Billion

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