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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Morgan Stanley executive chairman and former CEO James Gorman's compensation rose 17% to $37 million for 2023, the bank said in a filing on Friday.

Morgan Stanley's Gorman awarded 17% pay bump to $37 million in last year as CEO - filing

The pivot to wealth management boosted Morgan Stanley's valuation beyond rivals including Goldman Sachs, but more recently growth concerns have stymied shares.

New Morgan Stanley CEO is 'super bullish' on hitting financial targets

Bank of America

Citigroup

If you're wondering which bank stocks to sell this month, look no further. U.S. banks have just reported their financial results for the fourth and final quarter of 2023, and it's proven to be a mixed bag.

3 Bank Stocks to Sell in January Before They Crash and Burn

Morgan Stanley apponted Vince Lumia as the head of a new division overseeing wealth client segments, according to a memo seen by Reuters.

Morgan Stanley appoints Vince Lumia as head of wealth management client segments

Morgan Stanley's NYSE: MS Q4 results were mixed relative to the analysts' estimates but give no reason to fear a stock price correction. The stock price may move lower before it moves higher, and the move higher will not likely be a straight shot, but details within the report, the outlook for next year and analysts' sentiment suggest a new all-time is possible this year.

Yes, Morgan Stanley can hit a record-high this year

Morgan Stanley Direct Lending Fund

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (“MSDL”), a business development company externally managed by MS Capital Partners Adviser Inc., today announced that it has commenced an initial public offering of 5,000,000 shares of its common stock, par value $0.001 per share (the “Common Stock”). The estimated price for the offering is $20.67 per share of Common Stock. MSDL is expected to list its Common Stock on The New York Stock Exchange under the symbol “MSDL.” The underwrit.

Morgan Stanley Direct Lending Fund Announces Proposed Initial Public Offering

Morgan Stanley (MS) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Morgan Stanley (MS) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Morgan Stanley (MS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Morgan Stanley (MS) records a decline in net interest income and higher expenses in the fourth quarter of 2023.

Morgan Stanley (MS) Q4 Earnings Beat, Provisions Decline Y/Y

Goldman Sachs

Empire State Manufacturing's -43.7 is a major step down -- more than 3x lower than the previous month's -14.5.

Empire State Plummets; Goldman Beats, Morgan Mixed in Q4

JPMorgan Chase & Co

Wells Fargo

Three of the six largest U.S. banks announced new bond issues on Tuesday, kicking off an expected heavy week for new bank debt.

Three of 'Big Six' U.S. banks tap bond market post-earnings

Goldman Sachs stock ticked up on solid Q4 earnings. Morgan Stanley, PNC Financial, Interactive Brokers roll out quarterly results.

Goldman Sachs Stock Inches Up After Earnings, Morgan Stanley Retreats On Results

PNC Financial Services

Bank earnings -- and earnings season in general -- kicked off on Friday and continued to start the holiday-shortened week.

2 Bank Stocks Moving Lower After Earnings

Morgan Stanley (MS) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.31 per share a year ago.

Morgan Stanley (MS) Surpasses Q4 Earnings and Revenue Estimates

Morgan Stanley (NYSE:MS) shares moved higher after the bank's fourth quarter revenue topped estimates driven by strength in its investment banking segment.  Shares of Morgan Stanley (NYSE:MS) had gained 1.2% at US$90.81 before the stock market opened on Tuesday.

Morgan Stanley earnings hit by one time charges as revenue rises on strength of investment banking

This afternoon (or morning if you're in the States), Morgan Stanley and Goldman Sachs posted their financial results for the 2023 FY. The other financial services titans like JPMorgan, Citigroup and Wells Fargo all reported theirs last Friday.

Banking stocks' financial results this earnings season: the scars of 2023

Shares of Morgan Stanley MS, -0.89% climbed 1.3% in premarket trading Tuesday, after the bank and broker missed profit expectations because of special one-time charges, but beat revenue forecasts by a wide margin, boosted by strength in its investment banking business. Net income dropped 32.2% to $1.52 billion, or 85 cents a share, to miss the FactSet consensus of $1.07.

Morgan Stanley's stock rallies after big revenue beat, boosted by strength in fixed income underwriting

Morgan Stanley (NYSE: MS), on January 16th, reported a 32% annualised decline in its fourth-quarter profit related partially to weakness in institutional securities. Morgan Stanley beats revenue estimates The financial services behemoth saw its net income come in at $1.50 billion – down about 37% versus the previous quarter.

Morgan Stanley Q4 profit tanks 32%

Morgan Stanley's fourth-quarter profit dropped, hurt by one-time charges tied to a Federal Deposit Insurance Corporation's special assessment.

Morgan Stanley profit falls on one-time charges

Morgan Stanley on Tuesday reported fourth-quarter revenue that surpassed expectations, boosted by the strength in investment banking.

Morgan Stanley revenue tops estimates, helped by strong investment banking business

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today reported net revenues of $12.9 billion for the fourth quarter ended December 31, 2023 compared with $12.7 billion a year ago. Net income applicable to Morgan Stanley was $1.5 billion, or $0.85 per diluted share,1 compared with $2.2 billion, or $1.26 per diluted share,1 for the same period a year ago. Pre-tax income for the fourth quarter includes $535 million of charges or $0.28 per diluted share1,2: $286 million related to an FDIC spec.

Morgan Stanley Fourth Quarter and Full Year 2023 Earnings Results

Banks on Tuesday will urge the U.S. Federal Reserve to completely overhaul a draft rule hiking bank capital, in the latest leg of Wall Street's effort to water down the Basel Endgame proposal that bankers say will hurt the economy.

Big US banks to call on Fed to rewrite contentious bank capital rule

Bank of New York Mellon

Charles Schwab

Last year, and its final quarter in particular, saw remarkable growth both on the stock market and with numerous cryptocurrencies.

S&P 500 forecast for end of 2024

With U.S. equities set to perform very well in 2024, many more companies are likely to sell additional stock in themselves to the public. Meanwhile, the number of initial public offerings should also jump.

Morgan Stanley Outlook: Why MS Stock Is Set to Shine in 2024

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We outline an Income Strategy for creating a self-sufficient portfolio for retirees and income-focused investors with $1 million to generate a life-long income stream. We explain the benefits of generating income through dividends and distributions rather than selling shares for capital gains. We compare the results of backtesting an income strategy with index investing for the past 24 years, starting from the year 2000.

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