Morgan Stanley reported total revenue of $9.3 billion in the second orange herve leger quarter Cheap Jerseys Free Shipping , up 17 percent from a year ago. That gave the bank an important symbolic victory: it was the first time since 2008 that its quarterly revenue exceeded that of its rival Goldman Sachs. Earlier this week, Goldman reported a disappointing $7.3 billion in net revenue, its lowest figure since the financial crisis.


While Morgan Stanley鈥檚 results were encouraging, the bank was still 鈥渁 work in progress,鈥?said Michael Wong Cheap Jerseys From China , an analyst with the financial research company Morningstar. 鈥淚t鈥檚 too early for James Gorman to declare victory,鈥?he said, referring to Morgan Stanley鈥檚 chief executive.


Morgan Stanley鈥檚 traders produced some stumbles, such as an interest-rate trade in June that reportedly lost the firm tens of millions of dollars. But gains from other trades offset those losses, and the firm鈥檚 overall trading revenue climbed 4 percent over year-ago levels Cheap Jerseys China , to $3.5 billion.


Internet Home Business-Basics of Working of Web ECommerce Articles | September 22, 2007
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