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's stock (NYSE: MS) has gained roughly 1% since the start of 2023, as compared to the 32% rise in the S&P500 over the same period. Further, the stock is currently trading at $86 per share, which is 10% below its fair value of $95 – Trefis' estimate for Morgan Stanley's valuation.

Trailing S&P500 By 31% Since The Start Of 2023, Will Morgan Stanley Stock Close The Gap?

Shares of investment giant Morgan Stanley (MS) have been struggling of late, pulling back to or just below the $84 floor since the start of 2024. Over the past 12 months, the equity has shed more than 10%, and while it did climb above $93 in late December and early January, the run higher seems to have been short-lived.

Bulls Should Buy This Battered Bank Stock

Morgan Stanley (MS) is exploring the addition of spot bitcoin ETF offerings to its customers on its large brokerage platform.

Morgan Stanley (MS) Mulling to Offer Spot Bitcoin ETFs

Bank of America

Citigroup

Goldman Sachs

JPMorgan Chase & Co

A surge in equity capital markets and debt market activity is boosting investment banking revenue growth at the big five Wall Street banks past analyst estimates for the first quarter, analysts at Jefferies said Thursday.

Wall Street's biggest banks are beating investment-banking revenue estimates

Morgan Stanley is opening an office in Abu Dhabi, adding to its regional presence and joining a string of other global investment banks that have set up offices in the United Arab Emirates (UAE) capital.

Morgan Stanley opens Abu Dhabi office, expanding Gulf presence

NEW YORK--(BUSINESS WIRE)--Dan Simkowitz, Co-President of Morgan Stanley, will speak at the Annual Morgan Stanley European Financials Conference which will be held in London, UK on Wednesday, March 13, 2024 at 11:00 a.m. GMT (7:00 a.m. ET). Both live and on-demand versions of the webcast will be available on www.morganstanley.com in the Investor Relations section. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, weal.

Dan Simkowitz to Speak at the Annual Morgan Stanley European Financials Conference

In 2020, I wrote a bullish article on Morgan Stanley, arguing that it was a better way of playing that year's "IPO Frenzy" than buying overpriced offerings.

Morgan Stanley: IPO Mania Is Over, Grab 5.36% Yield Preferreds

JPMorgan BetaBuilders MSCI US REIT ETF

Principal Real Estate Active Opportunities ETF

CorEnergy Infrastructure Trust

Dimensional US Real Estate ETF

Dimensional Global Real Estate ETF

iShares Environmentally Aware Real Estate ETF

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Goldman Sachs Future Real Estate And Infrastructure Equity ETF

Home Appreciation US REIT ETF

iShares Cohen & Steers REIT ETF

Pacer Benchmark Industrial Real Estate SCTR ETF

iShares U.S. Real Estate ETF

JPMorgan Realty Income ETF

Janus Henderson U.S. Real Estate ETF

Invesco KBW Premium Yield Equity REIT ETF

NETLease Corporate Real Estate ETF

Nuveen Short-Term REIT ETF

Realty Income Corp

Office Properties Income Trust

The REIT sector had a rough start to 2024 with a -5.72% total return in January. Large cap REITs (-4.79%) outperformed their smaller peers in January. Micro cap REITs (-8.39%) averaged the steepest declines. Only 9.55% of REIT securities had a positive total return in January.

The State Of REITs: February 2024 Edition

Aflac

Federal Agricultural

Warren Buffett stock picks continue to include a secret stock. Speculation was high that Buffett's mystery holding would be revealed when his company, Berkshire Hathaway's (NYSE: BRK.A /NYSE: BRK.B ) latest 13F regulatory filing was made public.

Warren Buffett's Secret Stock Pick? Our Top 3 Guesses

Morgan Stanley (MS) plans to cut hundreds of jobs in its wealth management unit amid uncertainty about the trajectory of interest rate cuts.

Morgan Stanley (MS) Seeks Job Cuts in Its Wealth Management Unit

WASHINGTON--(BUSINESS WIRE)--FINRA announced today that it has fined Morgan Stanley Smith Barney LLC $1.6 million for the firm's repeated failures to timely close out failed inter-dealer municipal securities transactions and to take prompt steps to obtain physical possession or control of municipal security positions that are short more than 30 calendar days, and related supervisory failures. This is the first disciplinary action in which FINRA has charged a firm with violating the close-out re.

FINRA Fines Morgan Stanley $1.6 Million for Municipal Securities Violations and Related Failures

Investment banking giant Morgan Stanley is planning to cut hundreds of jobs in its wealth management unit, according to a person familiar with the matter, the latest in a string of layoffs that Wall Street firms have undertaken since last year.

Morgan Stanley layoffs 2024: Wall Street giant is cutting hundreds of jobs

Wells Fargo

U.S. banks could lose up to $35 billion in revenues in 2025 under current proposals for new capital rules that could "relevel the playing field" for European lenders, a study showed on Thursday.

US banks face $35 bln hit from 'Basel Endgame', says Oliver Wyman

Morgan Stanley will lay off several hundred bankers in its wealth management division in a cost-saving measure implemented by the Wall Street firm.

Morgan Stanley to reportedly cut hundreds of jobs in wealth management division

Morgan Stanley is cutting hundreds of wealth-management positions, including some managing directors, in one of new Chief Executive Ted Pick's first major moves since taking over six weeks ago, according to a source familiar with the bank.

Morgan Stanley cutting hundreds of wealth-management jobs

Investment banking giant Morgan Stanley is planning to cut hundreds of jobs in its wealth management unit, according to a person familiar with the matter, the latest in a string of layoffs that Wall Street firms have undertaken since last year.

Morgan Stanley laying off hundreds in wealth management unit, source says

Morgan Stanley plans to cut several hundred jobs in its wealth-management division as new Chief Executive Ted Pick seeks to rein in costs in an area that is critical to the Wall Street firm's success but has shown signs of weakening lately.

Morgan Stanley Is Laying Off Several Hundred in Wealth-Management Division

EQT has hired Morgan Stanley to explore a sale of Spanish property website Idealista, two people familiar with the matter told Reuters.

EQT hires Morgan Stanley to explore sale for Idealista, sources say

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today is hosting its largest global Demo Day, with 23 participating companies from North America and Europe, the Middle East and Africa (EMEA). Cohort companies will pitch over 300 investors, as well as potential business partners and customers. Over the past five months, the Morgan Stanley Inclusive Ventures Lab has supported its ninth cohort of technology-enabled startups in the seed to Series A funding round stage. The intensive accelerato.

Morgan Stanley Inclusive Ventures Lab Hosts Demo Day for Largest, Most Global Cohort of Startups

Morgan Stanley's stock performance has been poor over the past year but has returned about 19% since my buy recommendation. The company's recent earnings report caused a pullback in shares, but excluding one-time items, results were stronger. The growth in Morgan Stanley's wealth management business is evident, with AUM and net new assets continuing to grow substantially.

Morgan Stanley's Fee-Based Growth Makes Shares Attractive

Zacks.com users have recently been watching Morgan Stanley (MS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Morgan Stanley (MS) a Buy Now?

Barclays

BNP Paribas SA

NatWest Group plc 

UBS Group AG

A federal appeals court on Thursday dismissed an appeal by investors who accused 10 of the world's largest banks of antitrust violations for conspiring to suppress competition in the now $26 trillion market for U.S. Treasury securities.

Big banks defeat U.S. Treasury rigging appeal

The fast-paced growth of the generative artificial intelligence (AI) sector has put it on course to start consuming the same amount of electricity each year by 2027 as was used by the entirety of Spain in 2022, new modeling by Morgan Stanley shows.

AI sector is on course to use as much electricity as Spain by 2027, new report warns

NEW YORK--(BUSINESS WIRE)--Jed Finn, Head of Wealth Management at Morgan Stanley, will speak at the Bank of America Financial Services Conference on Thursday, February 22, 2024 at 9:40 a.m. (ET). Both live and on-demand versions of the webcast will be available on www.morganstanley.com in the Investor Relations section. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management servi.

Jed Finn to Speak at the Bank of America Financial Services Conference

Morgan Stanley's asset management division aims to double its private credit portfolio to $50 billion in the medium term as it gathers funds from large investors to loan out to companies.

News for Morgan Stanley Stock (MS)