On Monday, Shares of Morgan Stanley (NYSE:MS), lost -0.40% to $40.04, hitting its highest level.
Morgan Stanley, stated net revenues of $9.7 billion for the second quarter ended June 30, 2015 contrast with $8.6 billion a year ago. For the current quarter, net income applicable to Morgan Stanley was $1.8 billion, or $0.85 per diluted share, contrast with net income of $1.9 billion, or $0.92 per diluted share, for the same period a year ago. The earnings for the preceding year second quarter comprised of a net discrete tax benefit of $609 million or $0.31 per diluted share, principally related to the re-measurement of reserves and related interest.
Not taking into account DVA, net revenues for the current quarter were $9.6 billion contrast with $8.5 billion a year ago. Not taking into account DVA and the net discrete tax benefit in the preceding year quarter, net income applicable to Morgan Stanley was $1.7 billion, or $0.79 per diluted share, contrast with net income of $1.2 billion, or $0.58 per diluted share in the preceding year.
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. The companys Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, leveraged buyouts, takeover defenses, and shareholder relations, in addition to provides capital raising and corporate lending services.
Shares of Breitburn Energy Partners LP (NASDAQ:BBEP), declined -12.24% to $2.94, during its last trading session, hitting its lowest level.
Breitburn Energy Partners will hold a conference call on Thursday, August 6, 2015, at 9:00 am (PDT) following the release of its second quarter financial results.
The conference call may be accessed by calling 888-417-8465 (international callers dial 719-325-2215) or via webcast at http://ir.breitburn.com/. An archived edition of the conference call will also be accessible through August 13, 2015, by calling 877-870-5176 (international callers dial 858-384-5517) and entering replay PIN 6137597 or by visiting http://ir.breitburn.com/.
Breitburn Energy Partners LP, an independent oil and gas partnership, acquires, exploits, and develops oil, natural gas liquids (NGLs), and natural gas properties in the United States.
Finally, Magellan Midstream Partners LP (NYSE:MMP), ended its last trade with -0.77% loss, and closed at $70.53.
Magellan Midstream Partners, plans to declare financial results for second quarter 2015 before the market opens on Thurs., Aug. 6. Administration will talk about second-quarter earnings, outlook for the remainder of 2015 and the status of noteworthy expansion projects during a conference call with analysts at 1:30 p.m. Eastern the same day.
Magellan Midstream Partners, L.P. engages in the transportation, storage, and distribution of refined petroleum products and crude oil in the United States. It operates in three segments: Refined Products, Crude Oil, and Marine Storage.
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