Revenue segments as reported by the company.

Investment banking

Trading

Investments

Commissions and fees

Asset management

Net interest

Other

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Compensation and benefits

Brokerage, clearing and exchange fees

Information processing and communications

Professional services

Occupancy and equipment

Marketing and business development

Provision for credit losses

Other Non‐compensation

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Morgan Stanley

Smith Barney (now know as Morgan Stanley Wealth Management), is an American multinational financial services corporation specializing in retail brokerage. It is the wealth & asset management division of Morgan Stanley. On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of Citi Global Wealth Management. The combined brokerage house has 17,649 financial advisors and manages $2 trillion in client assets.

Smith Barney

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan in 1924 and is headquartered in New York, NY.

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q1 2024

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Earnings data Q4 2024

Morgan Stanley reports resilient performance amidst macro challenges and growth opportunities

Morgan Stanley's Q4 performance showcased resilience and growth in key segments. Challenges in Institutional Securities and asset trends in Wealth Management require attention. Opportunities lie in NII expansion, market rebound, and growth strategies.

Morgan Stanley excels in Q1 2023, eyes growth amid challenges

Morgan Stanley's Q1 2023 demonstrated financial resilience and strategic foresight amidst industry challenges, with a focus on capital strength and client trust.
While facing challenges in NII stability and cost management, the firm is well-positioned to leverage market opportunities and navigate uncertainties effectively.
Strategic initiatives around expense management, growth, and acquisitions signal a proactive approach to driving sustainable performance and shareholder value.

Morgan Stanley reports resilient Q2 performance amidst market challenges

Morgan Stanley navigated challenges with market improvements in Q2.
Strong performance in Wealth Management with record revenues and net new assets.
Clear CEO succession plan and focus on customization products for growth.
Challenges in Institutional and Investment Management revenues addressed.

Morgan Stanley reports robust Q3 earnings, eyes global expansion opportunities

Morgan Stanley's Q3 performance showcased strength in Wealth and Investment Management, despite challenges in NII and market environment.
The company's successful E*TRADE integration and strong capital position position it well for growth and shareholder returns.
Opportunities lie in technology investments, global expansion, and strategic M&A, while challenges include NII decline and market rate impacts.
Overall, Morgan Stanley's performance reflects resilience and strategic focus amidst a dynamic financial landscape.

Morgan Stanley reports strong 2023 earnings, eyes growth opportunities

Morgan Stanley's transformation over 15 years has led to robust financial performance, particularly in Wealth and Investment Management. Despite challenges in Institutional Securities, the firm remains optimistic for 2024, focusing on organic growth and efficiency.

Morgan Stanley excels in Q1 2024 earnings, eyes growth opportunities

Morgan Stanley's Q1 2024 earnings call highlighted strong financial performance, particularly in Wealth and Investment Management. The firm faces challenges in maintaining fixed income revenues and managing tax rates but sees opportunities in expanding client assets and profitability.

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Earnings per share

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Book value per share

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Purchase/sale of business

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Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Solid IB performance on the back of robust underwriting business drives Morgan Stanley's (MS) Q1 earnings with support from equity trading business. Lower NII and a rise in expenses act as undermining factors.

Morgan Stanley (MS) Q1 Earnings Beat as IB Business Rebounds

Morgan Stanley (MS) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.70 per share a year ago.

Morgan Stanley (MS) Q1 Earnings and Revenues Top Estimates

Morgan Stanley (MS) significantly exceeded profit expectations in the first quarter on strong investment banking, wealth management, and trading revenue.

Morgan Stanley Beats Estimates as Investment Banking Gains

Bank of America

Bank of America could be a buy or a sell on post-earnings action. Morgan Stanley reports first EPS gain in eight quarters.

Bank Of America Rebound Hinges On Today's Action; Morgan Stanley Surges On Earnings

Morgan Stanley (NYSE:MS) beat expectations for revenues and earnings in the first set of results under new CEO Ted Pick, who benefited from a record quarter for wealth management.  Total net revenues of $15.1 billion were reported for the first quarter, up 4% on a year ago and ahead of the $14.5 billion Wall Street consensus forecast.

Morgan Stanley impresses with first quarter under new CEO Pick

Morgan Stanley (NYSE: MS) has once again demonstrated its resilience and strength in the financial markets with an impressive 2024 first-quarter earnings report. The renowned Wall Street firm reported net revenue of $15.1 billion, surpassing analysts' expectations and marking a significant increase from $14.5 billion in the same period last year.

Morgan Stanley (MS) beats expectations with strong Q1 2024 earnings

Morgan Stanley's profit rose in the first quarter, lifted by a resurgence in investment banking.

Morgan Stanley's profit rises as investment banking recovers

Morgan Stanley on Tuesday posted results that topped analysts' estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. The bank said first-quarter profit rose 14% from a year earlier to $3.41 billion, or $2.02 a share, helped by rising results at each of its three main divisions. Revenue climbed 4% to $15.14 billion.

Morgan Stanley tops expectations on wealth management, trading and investment banking results

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today reported net revenues of $15.1 billion for the first quarter ended March 31, 2024 compared with $14.5 billion a year ago. Net income applicable to Morgan Stanley was $3.4 billion, or $2.02 per diluted share,1 compared with net income of $3.0 billion, or $1.70 per diluted share,1 for the same period a year ago. Ted Pick, Chief Executive Officer, said, “In the first quarter of 2024 Morgan Stanley generated net revenues of $15 billion and.

Morgan Stanley First Quarter 2024 Earnings Results

Morgan Stanley's (MS) first-quarter 2024 earnings are expected to have been negatively impacted by weakness in its trading performance.

IB to Aid Morgan Stanley (MS) Q1 Earnings, Trading to Hurt

Morgan Stanley's stock (NYSE: MS) has lost approximately 7% YTD, as compared to the 9% rise in the S&P500 over the same period. Further, the stock price decreased 5.2% yesterday vs a 0.74% increase in the broader index.

Morgan Stanley Stock Dropped 5% Yesterday, What To Expect?

LOS ANGELES, CA / ACCESSWIRE / April 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Morgan Stanley ("Morgan Stanley" or "the Company") (NYSE:MS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Morgan Stanley and Encourages Investors with Losses to Contact the Firm

NEW YORK , April 13, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Morgan Stanley (NYSE: MS) resulting from allegations that Morgan Stanley may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Morgan Stanley securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

ROSEN, A LEADING LAW FIRM Encourages Morgan Stanley Investors to Inquire About Securities Class Action Investigation - MS

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Morgan Stanley (NYSE: MS) resulting from allegations that Morgan Stanley may have issued materially misleading business information to the investing public. SO WHAT: If you purchased Morgan Stanley securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrange.

TOP RANKED ROSEN LAW FIRM Encourages Morgan Stanley Investors to Inquire About Securities Class Action Investigation – MS

Morgan Stanley (NYSE:MS) is expected to post a year-on-year drop in both profit and revenue for the first quarter when it reports on its last quarter's financial performance on Tuesday, April 16. The financial services firm is going into its earnings amid reports its client vetting practices are being probed by federal regulators, which saw the stock drop dramatically this week.

Morgan Stanley shares under pressure ahead of earnings report

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

The uncertain trajectory of interest rates is making it hard for U.S. banks to forecast profits and leading some to adopt a cautious stance for the remainder of the year.

US banks' profit picture less clear with cloudy rates trajectory

Morgan Stanley is expected to benefit from AI automation in the white collar workspace, leading to more predictable revenue and higher stock valuation. The bank's revenue growth and cost efficiency are being driven by AI, with layoffs and the use of AI tools in wealth management. Despite concerns over government probes and competition, the bank's investments in AI and wealth management position it for long-term success.

Morgan Stanley Q1 Preview: Massive AI Savings

Nasdaq Composite Closes At All-Time Highs. Bank Stocks Get Earnings Started. Gold And Silver Continue Rallying.

Earnings Season Kicks Off With Banks Stocks

More federal regulators are probing Morgan Stanley to find out how it vets wealthy clients, per The Wall Street Journal. The SEC sent the bank a list of clients with questions about how they were screened, per the report.

Regulators want to know more about how Morgan Stanley vets wealthy clients, like a sanctioned billionaire: WSJ

Morgan Stanley (MS) shares slipped more than 5% Thursday after The Wall Street Journal reported that multiple regulators are probing the investment bank's wealth management arm about its client vetting processes.

Morgan Stanley Stock in Focus as Wealth Unit Probed by Regulators—Key Levels to Watch

Morgan Stanley is reportedly facing investigations by several agencies into how its wealth management division vets and monitors clients who may pose money-laundering risks.

Report: Morgan Stanley Facing Probes of Anti-Money Laundering Practices

Anti-money laundering (AML) defenses might begin at the point of onboarding. The needs are for all manner of firms — and especially banks and investment management companies — to embrace technology in the service of beefing up their onboarding processes and automating them too.

Investigation Into Morgan Stanley's Wealth Arm Underscores Scrutiny of AML and Onboarding Efforts

Morgan Stanley's stock fell 6% on Thursday afternoon after the Wall Street Journal reported its wealth management unit is under investigation by federal regulators over how it vets clients who may be at risk of laundering money.

Morgan Stanley stock falls as feds reportedly scrutinize its wealth unit

Morgan Stanley stock fell Thursday on reports the bank faces multiple federal probes over its client vetting practices.

Morgan Stanley Dives As Regulators Open Wealth Arm Probes

The Securities and Exchange Commission, the Office of the Comptroller of the Currency and other Treasury Department offices are reportedly involved.

News for Morgan Stanley Stock (MS)