NEW YORK (Reuters) - Morgan Stanley reported a second-quarter loss of 38 cents per share on Thursday, beating expectations.
Analysts on average expected a loss of 62 cents per share, according to Thomson Reuters I/B/E/S.
The loss included a charge of $1.02 per share and a dilution of the bank's share base from the conversion of a $7.8 billion preferred stock investment by Japan's Mitsubishi UFJ Financial Group.
The bank earned $1.09 per share in the year-ago period.
Morgan Stanley's net revenue climbed 17 percent to $9.28 billion from $7.96 billion a year earlier and was 15 percent above the average analyst estimate of $8.04 billion.
(Reporting by Lauren Tara LaCapra, editing by Knut Engelmann and John Wallace)
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