Morgan Stanley Shares Surge Most in Two Years

[chill_wind]

Morgan Stanley Shares Surge Most in Two Years
By Michael J. Moore
July 21, 2011 12:06 EDT


Morgan Stanley rose the most in more than two years in New York trading after reporting a second- quarter loss that was smaller than analysts estimated and the only gain in trading revenue among major U.S. banks.

Morgan Stanley climbed as much as 9.1 percent after posting a net loss of 38 cents a share, smaller than the 61-cent average estimate of 18 analysts surveyed by Bloomberg. A $1.7 billion charge tied to the conversion of Mitsubishi UFJ Financial Group Inc.’s preferred stake in the New York-based firm caused the loss, which compared with profit of $1.09 a year earlier.
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The shares climbed $1.91, or 8.8 percent, to $23.63 at 11:42 a.m. in New York Stock Exchange composite trading, the biggest jump since May 1, 2009, and the third-largest gain in the Standard & Poor’s 500 Index.

‘Very Impressive’

“Morgan Stanley really knocked the ball out of the park,” Jason Tyler, senior vice president at Ariel Investments LLC, said today in an interview with Tom Keene on Bloomberg Radio. “This is a very impressive quarter from a revenue standpoint.”

more: http://mobile.bloomberg.com/news/2011-07-21/morgan-stanley-second-quarter-loss-beats-estimate-as-trading-revenue-rises?category=%2F

Citigroup Profit Beats Analysts’ Estimates

http://www.democraticunderground.com/discuss/duboard.php/harveywasserman.com/bcnews.go.com/duboard.php?az=show_mesg&forum=439&topic_id=1494881&mesg_id=1494881

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Brightening news for the investor class, while much of the rest of us continue to compare brands of canned peas.

Jobless claims rise above expectations (Reuters)
NEW YORK | Thu Jul 21, 2011 9:05am EDT

http://www.reuters.com/article/2011/07/21/us-usa-economy-jobless-claims-idUSTRE76K30620110721

[Newest Reality]

1. Just don't drop by

their offices with your begging bowl or change can! You will get NOTHING. NADA. ZILCH.

Now, all they need to do is start working on the process for safely rendering human protein so that they can feed us to each other as half of us guard the other half who are working full-time in private prisons.

It's PROFIT all the way down.

Tuesday will be SOYLENT GREEN day! Yummy.