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What: In an unusual move for a stock with a market cap of more than $37 billion, Morgan Stanley
So what: EPS of -$0.38 trounced the consensus estimate of a $0.61 loss. It reflected a $1.02 per share charge for the conversion of preferred stock held by Mitsubishi UFJ Financial Group during the quarter.
Now what: Revenue of $9.3 billion was not only more than analysts had forecasted, but it also puts the $7.3 billion of revenue that arch rival Goldman Sachs Group
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.