NEW YORK , April 22 , 2009 -- Morgan Stanley ( NYSE : MS ) today reported a net loss applicable to Morgan Stanley for the first quarter ended March 31 , 2009 of $ 177 million , or $ 0.57 per diluted share ( reflective of preferred dividends ) , 3 compared with net income applicable to Morgan Stanley of $ 1,413 million , or $ 1.26 per diluted share , a year ago .