Dean Witter Earnings Fall Short

Fri., Sept. 22, 2000

Brokerage firm Morgan Stanley Dean Witter & Co. reported third quarter earnings Thursday that failed to meet Wall Street’s expectations despite a 28 percent increase from a year ago.

The New York-based investment bank said record profits from its credit operations helped fuel the gains over last year’s third quarter. But a fall off in trading revenues contributed to Morgan Stanley missing analysts’ estimates, and investors punished the firm.

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Dean Witter Earnings Fall Short

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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