December 19, 2007

What's another $9.4 Billion in write downs

Morgan Stanley reported its earnings today. Forget earnings look at its revenues. It reported negative revenues of $450 million, as it claimed $9.4 billion write down related to subprime and credit crunch issues.

With the latest write down the tally for bank's write downs is $78.6 Billion , see complete list here.
                                         Quarter Ended
--------------------
Nov 30, Nov 30,
2007 2006 % Change
---------- --------- --------
Net revenues
Institutional Securities $ (3,425) $ 5,475 (163%)
Global Wealth Management Group 1,789 1,452 23%
Asset Management 1,252 973 29%
Intersegment Eliminations (66) (51) (29%)
-------- --------

Consolidated net revenues $ (450) $ 7,849 (106%)

3 comments:

augustabound said...

The number 78 Billion just boggles the mind.
Nice spreadsheet too.

Sami said...

Thanks

It is just amazing how quickly these write downs are adding up and the sad part is the end in not in sight yet!

MG said...

great spreadsheet.