Things may be all hunky-dory at Goldman Sachs and JPMorgan Chase now that both firms announced hugely profitable second quarter profits. The same can't be said for Morgan Stanley, though. The bank posted a $1.26 billion loss for the second quarter today, but as is the case with so many things on Wall Street, you should not expect any of the execs at Morgan Stanley to feel the sting: The firm set aside 72 percent of the $5.9 billion it collected in during the second quarter for compensation and benefits. "It was a very good quarter to be a Morgan Stanley employee," said one analyst. "I'm not so sure it was so good to be a Morgan Stanley shareholder." [Bloomberg]
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