????摩根士丹利（Morgan Stanley）現(xiàn)在又多了個(gè)理由,，惟愿第二季度從來沒有發(fā)生過。它是唯一一家報(bào)告盈利低于分析師預(yù)期的大型銀行,。

????摩根士丹利周四早上發(fā)布的財(cái)報(bào)顯示,，2012財(cái)年公司第二季度凈利潤(rùn)為5.36億美元，合每股0.28美元,。該公司剔除經(jīng)債務(wù)估值調(diào)整后所獲得的會(huì)計(jì)利得（accounting gains）之后,，每股收益為0.16美元。分析師此前預(yù)計(jì)該公司每股收益將達(dá)到0.40美元,。經(jīng)債務(wù)估值調(diào)整所對(duì)應(yīng)的會(huì)計(jì)利得調(diào)整之后,，其銷售收入也低于預(yù)期，為66億美元,，比分析師的預(yù)期低了10億美元左右,。

????一年前，這家公司在2011財(cái)年第二季度虧損5.3億美元,。但那個(gè)季度的業(yè)績(jī)結(jié)果中包括了一項(xiàng)一次性虧損17億美元的費(fèi)用,，這項(xiàng)費(fèi)用與日本三菱日聯(lián)金融集團(tuán)（Mitsubishi UFJ Financial Group）在該銀行的一筆投資有關(guān)。

????周四美國(guó)股市開盤后不久,，摩根士丹利股價(jià)便下挫了4.5％,，跌至13.40美元。

????這家公司稱,，眼下華爾街經(jīng)營(yíng)環(huán)境疲軟不振,，它計(jì)劃進(jìn)一步裁員。自今年年初以來,，摩根士丹利已裁員3,272人,。該公司首席執(zhí)行官詹姆斯?戈?duì)柭现芩母嬖V分析師說,，他預(yù)計(jì)到今年年底，公司將進(jìn)一步裁員1,000人,。公司同時(shí)表示,，薪酬開支相比一年前已縮減了10億美元。戈?duì)柭f：“我們正在做其他所有公司都在做的事情——裁減人員,、縮減開支,。我們正在非常嚴(yán)密地控制所花費(fèi)的各項(xiàng)支出?！?/p>

????該公司投資銀行部門的銷售收入相比第一季度及去年同期均下滑了50％左右,。而盈利更是下滑了90％以上。盡管摩根士丹利是Facebook在第二季度進(jìn)行可謂是今年最熱門首次公開募股（IPO）的主承銷商,，但仍然在該季度出現(xiàn)盈利下滑的情況,。

????這個(gè)糟糕的盈利結(jié)果為摩根士丹利被認(rèn)為堪稱自金融危機(jī)以來最糟糕的一個(gè)季度劃上了難堪的句號(hào)。2008年金融危機(jī)期間,，許多人一度認(rèn)為這家公司可能會(huì)破產(chǎn),。人們普遍認(rèn)為，是它搞砸了Facebook的IPO,。Facebook上市的第一天,，它的股票在開始交易前所延遲的時(shí)間超過了人們的預(yù)期。股票最終開始交易后,，這家社交網(wǎng)絡(luò)公司的股票幾乎立即開始下跌,。Facebook的股價(jià)最近為29美元，仍然遠(yuǎn)低于其38美元的IPO發(fā)行價(jià),。摩根士丹利的高管曾將Facebook IPO表現(xiàn)糟糕的部分問題歸咎于納斯達(dá)克股票交易市場(chǎng),。盡管如此，該銀行似乎仍然在此項(xiàng)IPO承銷交易中輕易賺取了豐厚的交易利潤(rùn),，即便這對(duì)它的聲譽(yù)造成了損害,。很難立刻弄清楚，F(xiàn)acebook的IPO對(duì)摩根士丹利到底有何影響,。

????此外,，在今年第二季度，摩根士丹利和其他銀行一起,，遭到穆迪（Moody's）評(píng)級(jí)下調(diào)的打擊,。摩根士丹利表示，由于其評(píng)級(jí)遭到下調(diào),，它不得不在第二季度宣布增加29億美元的交易資金,。

????一些觀察人士認(rèn)為，CEO戈?duì)柭まD(zhuǎn)該公司的時(shí)間所剩無幾了。戈?duì)柭Υ僭摴臼召?gòu)花旗美邦（Citigroup's Smith Barney）的大部分股份,，從而形成了華爾街上規(guī)模最大的經(jīng)紀(jì)公司。但這場(chǎng)合并到目前為止尚未獲得回報(bào),。摩根士丹利的利潤(rùn)回升一直落后于其競(jìng)爭(zhēng)對(duì)手,，而該公司的股票價(jià)格在過去一年里也已下跌了30％。

????譯者：iDo98

????Morgan Stanley has another reason to wish the second quarter never happened. It's the only major bank to report earnings that were below analysts' expectations.

????Morgan Stanley (MS) reported net income Thursday morning of $536 million, or $0.28 a share, in the latest quarter. Excluding accounting gains the firm made on an adjustment for its debt, earnings per share were $0.16. Analysts had been predicting the company would earn $0.40 a share. Sales, adjusting for the debt gains, were also lower than expected, at $6.6 billion, or about $1 billion less than analysts were expecting.

????A year ago, the company lost $530 million. But that quarter included a one-time loss of $1.7 billion related to an investment in the firm from Mitsubishi UFJ Financial Group.

????Morgan Stanley's shares were down 4.5% shortly after the market opened to $13.40.

????The firm said it plans to continue to cut staff amid the weak environment on Wall Street. Morgan Stanley has already reduced its headcount by 3,272 employees since the beginning of the year. CEO James Gorman on Thursday told analysts he expect his firm to eliminate another 1,000 positions by the end of the year. The firm said compensation expenses had fallen $1 billion from a year ago. "We are doing what everyone else is doing," says Gorman. "We are controlling what we spend very closely."

????Sales in the firm's investment banking division fell by about 50% from the first quarter and a year ago. Earnings were down by more than 90%. The drops came despite the fact that Morgan was the lead underwriter of Facebook's IPO, which happened in the quarter and was this year's most sought after deal.

????The poor earnings caps off what has to be considered one of Morgan Stanley's worst three month periods since the financial crisis, when many thought the firm might fail. It is widely believed that the firm botched the Facebook IPO. On the day of the IPO, the stock took much longer than expected to begin trading. When it did, shares of the social networking company almost immediately began to fall. At a recent $29, Facebook's stock is still trading well below its $38 offering price. Morgan Stanley officials have blamed some of the problems of the IPO on the Nasdaq stock exchange. Nonetheless, the bank appeared to rake in big trading profits on the deal, even as it hurt its reputation. It wasn't immediately clear how Facebook's offering impacted Morgan's earnings.

????Also in the quarter, Morgan Stanley, along with other banks, was hit by a ratings downgrade by Moody's. Because of the downgrade, Morgan Stanley said it had to post additional trading capital of $2.9 billion in the quarter.

????Some observers believe CEO Gorman may be running out of time to turn around the firm. Gorman pushed the firm to purchase a majority stake in Citigroup's Smith Barney, creating the largest brokerage house on Wall Street. But the merger has yet to pay off. Morgan Stanley's profit rebound has lagged rivals, and the company's shares have fallen 30% in the past year.