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 now trades at the highest valuation in its peer group.

Morgan Stanley Has Been Transformed by Wealth Management. Now, It's Doubling Down.

Within its peer group, Morgan Stanley trades at the highest premium to its tangible book value.

Morgan Stanley Is Now the Highest-Valued Bank on Wall Street

Goldman Sachs

Goldman recently pivoted away from its consumer-banking ambitions, which were supposed to drive a higher valuation.

Goldman Sachs's Path to a Higher Valuation Now Lies in Asset and Wealth Management

Morgan Stanley has hit financial penalties on employees using messaging platforms such as WhatsApp and others for official business, the Financial Times reported on Thursday.

Morgan Stanley hit bankers with up to $1 mln in penalties for messaging breaches - FT

Bank of America

Citigroup

JPMorgan Chase & Co

Wells Fargo

The macroeconomic environment in the banking segment is deteriorating as the number of overdue loans is growing, forcing banks to increase reserves and negatively affects their profit. In addition to the loan portfolio, financial conditions in general have had a negative impact on banks' balance sheets. Debt instruments are depreciating and there is cash outflow from funds.

Top 5 Banks Under Risk

Here's what needs to happen for the investment banking industry to bounce back.

Investment Banks Are Coming Off a Tough Year: Can They Rebound in 2023?

The investment bank has identified eight stocks to buy ahead of a potentially volatile European earnings season.

Morgan Stanley reveals its 8 favorite stocks ahead of Europe's earnings season

MarketAxess Holdings

MSCI

Goldman Sachs (NYSE: GS ) announced it was laying off 3,200 employees in early January. That worked out to about 6.5% of its global workforce.

3 Financial Stocks to Buy Doing Better Than Goldman Sachs

Credit Suisse

Banks are set to undertake the largest wave of job cuts in 15 years amid declining revenues. Industry watchers told the Financial Times (FT) the layoffs — expected to be in the tens of thousands — reverse a trend of widespread hiring and banks' reticence to let go of workers during the pandemic.

Big Banks Ready ‘Super Brutal' Round of Layoffs

Add Morgan Stanley to the list of companies pushing for an end to remote work. James Gorman, the financial services company's CEO, commented on the work-from-home trend in a recent interview with Bloomberg News, putting his firm in the company of the likes of Apple, Disney and Goldman Sachs.

Morgan Stanley CEO: Employees Don't Get to Choose Remote Work

MS has a superior business model. The wealth management division is growing and delivering >30% ROE.

Goldman Sachs Or Morgan Stanley: Which Bank To Buy In 2023?

Morgan Stanley Chief Executive Officer James Gorman's total compensation for 2022 slipped 10% to $31.5 million, the bank said on Friday.

Morgan Stanley lowers CEO Gorman's 2022 compensation to $31.5 mln

The bank cut his compensation 10% from the previous year.

Morgan Stanley CEO James Gorman Gets $31.5 Million for 2022

Morgan Stanley (NYSE:MS)'s CEO James Gorman has ruled out any chance that the investment bank could end up owning Elon Musk's Twitter Inc (NYSE:TWTR). Responding to a question from Bloomberg Surveillance at the World Economic Forum in Davos, Switzerland, Gorman said there is no scenario in which the investment bank could end up owning the social media platform.

Morgan Stanley CEO James Gorman rules out Twitter ownership

NEW YORK--( BUSINESS WIRE )--Morgan Stanley at Work today released findings from its annual Stock Plan Participant Survey, showing that amid a highly competitive labor market, equity compensation continues to be a critical tool to attract and retain talent. This survey provides fresh insights about the participant experience, perceived value and overall benefits of their company's equity plans.

Morgan Stanley at Work Unveils Insights from New Stock Plan Participant Survey

Ameriprise Financial

APA Corporation

Exelon

Intel

Pfizer

Walgreens

For years, it seems analysts and portfolio managers have anticipated the return of value stocks as the market has moved higher, and for years they have continued to underperform growth stocks.

Value Crushes Growth to Start 2023: 7 Defensive ‘Strong Buy' Stocks With Big Dividends

Big banks' earnings have shown the great financial services digital shift continues. J.P. Morgan, Bank of America, Citi and Wells last week provided variations on several themes: A mild recession seems a real possibility this year.

Big Bank Earnings Spotlight Unstoppable Digital Shift

While Wall Street definitely wasn't immune to the volatility of the broader market, some banks such as Morgan Stanley and Goldman Sachs managed to finish the year in the green.

Goldman Sachs And Morgan Stanley Both Miss Earnings Estimates As Mixed Banking Results Continue

NEW YORK--( BUSINESS WIRE )--Morgan Stanley has announced the appointment of 184 Managing Directors. The new Managing Directors are:

Morgan Stanley Appoints 184 New Managing Directors

CarMax

NVIDIA

Travelers

Tesla

The Dow declined to start the trading week on Jan. 17, 2023, as earnings reports failed to impress the markets, while the Nasdaq posted a small gain.

The Market Sum: Double Down

Interactive Brokers

Netflix

Procter & Gamble

Charles Schwab

This earnings season is just getting started and the next few weeks will provide a lot of valuable information on how the economy performed in the last quarter of 2022

Top Earnings Reports for the Week of January 16: What Are They Telling Us?

Morgan Stanley (NYSE:MS.PK ) Q4 2022 Results Conference Call January 17, 2023 8:30 AM ET Company Participants James Gorman - Chairman and Chief Executive Officer Sharon Yeshaya - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Brennan Hawken - UBS Steven Chubak - Wolfe Research Dan Fannon - Jefferies Gerard Cassidy - RBC Mike Mayo - Wells Fargo Matt O'Connor - Deutsche Bank Operator Good morning. On behalf of Morgan Stanley, I will begin the call with the following disclaimer.

Morgan Stanley (MS) Q4 2022 Earnings Call Transcript

Trading has been a surprise bright spot for Morgan Stanley, with the unit's revenue jumping 26% to $3.02 billion in the fourth quarter, as clients look to hedge against market risks.

Morgan Stanley profit beats on strength in wealth, trading units

All eyes on Tuesday were on financial services giants Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), whch both reported their latest quarterly earnings before the bell, sending one company's stock tumbling and the other's share price higher.   Just before noon, Goldman Sachs (NYSE:GS) shares had fallen almost 7% after its 4Q 2022 earnings highlighted the impact of falling revenue amid increasing expenses and loan loss provisions.

A tale of two banks: Goldman Sachs hit by rising expenses, Morgan Stanley bolstered by strong performance of wealth management division

Bank giants Morgan Stanley (NYSE:MS) and Goldman Sachs Group Inc (NYSE:GS) are moving in opposite directions this morning after their reported fourth-quarter results.

News for Morgan Stanley Stock (MS)