Morgan Stanley Earnings Drop 50% on Trading Revenue

July 19 (Bloomberg) -- Bloomberg's Erik Schatzker digs deeper into Morgan Stanley's second-quarter results and looks at staffing issues at the company. The sixth-biggest U.S. bank reported a 50 percent drop in earnings that was bigger than analysts estimated as revenue from trading stocks and bonds declined. Excluding accounting adjustments tied to the firm’s own credit spreads, profit was 16 cents a share, below the 29-cent average estimate of 20 analysts surveyed by Bloomberg. He speaks on Bloomberg Television's Bloomberg Surveillance." (Source: Bloomberg)