Wednesday, October 19, 2011

DVA Part II: Morgan Stanley Uses Accounting Moves to Declare $3.4B "Positive Revenue"

DVA, here we go again. Morgan Stanley has joined the parade of financials declaring funny earnings due to accounting tricks:

"Results for the current quarter included positive revenue of $3.4 billion, or $1.12 per diluted share related to changes in Morgan Stanley's debt-related credit spreads and other credit factors (Debt Valuation Adjustment, DVA)."


Stumble Upon Toolbar

No comments:

Financial TV

Blog Archive

// adding Google analytics