Morgan Stanley Shares Fall on Fixed-Income Drop, Asia Loss

Updated on
  • Investment-management revenue tumbles on Asia private equity
  • Fixed-income trading slides 42%, missing analysts' estimates

Inside Morgan Stanley's Disappointing Numbers

Morgan Stanley tumbled 4.8 percent after reporting a loss related to private-equity investments in China and posting what Chief Executive Officer James Gorman called the worst quarter for fixed income since the financial crisis.

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