<p> <br />The results came in sharp contrast to a blowout quarter reported by rival Goldman Sachs Group Inc last week. Morgan Stanley shares were down 4.7 per cent in premarket trading. <br /><br />Morgan Stanley swung to a loss applicable to common shareholders of $1.26 billion, in the second quarter, compared with a profit of $1.1 billion, a year earlier. Net revenue fell 11 per cent to $5.4 billion.<br /><br />Chief Financial Officer Colm Kelleher, told Reuters the company was not satisfied with its performance in fixed income and asset management.</p>
<p> <br />The results came in sharp contrast to a blowout quarter reported by rival Goldman Sachs Group Inc last week. Morgan Stanley shares were down 4.7 per cent in premarket trading. <br /><br />Morgan Stanley swung to a loss applicable to common shareholders of $1.26 billion, in the second quarter, compared with a profit of $1.1 billion, a year earlier. Net revenue fell 11 per cent to $5.4 billion.<br /><br />Chief Financial Officer Colm Kelleher, told Reuters the company was not satisfied with its performance in fixed income and asset management.</p>