The loss from continuing operations applicable to the bank was $1bn, or a loss of $0.55 per diluted share, versus income of $2.2bn, or $1.14 per diluted share, during the year ago quarter.
Morgan Stanley chairman and chief executive officer James Gorman said, "The rebound in Fixed Income & Commodities sales and trading indicates that clients have re-engaged after the uncertainty of the rating review in the previous quarter."
Institutional Securities segment has registered a pre-tax loss from continuing operations of $1.9bn against pre-tax income of $3.4bn, while net revenues were $1.4bn, down by 78%, compared to $6.4bn, during the same period a year ago.
Global wealth management group pre-tax income from continuing operations stood at $239m, with a decrease of 33%, from $356m, while net revenues for the current quarter were $3.3bn, up by 3% compared to $3.2bn a year ago.
For the quarter ended on 30 September, its asset management segment pre-tax income from continuing operations was $198m compared to a pre-tax loss of $118m, during the same period a year ago.
