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.

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Earnings per share

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Minority interest

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Net debt

Book value per share

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Cash from investing

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Purchase/sale of investments

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

James Gorman has announced that he plans to retire next spring -- and a top contender to succeed him is the bank's notoriously foul-mouthed head of investment management.

Foul-mouthed banker considered top contender to replace Morgan Stanley CEO James Gorman

Bank of America

Citigroup

Goldman Sachs

Wells Fargo

Staffing levels at some of America's biggest banks are reportedly getting smaller. Aside from the country's largest lender, JPMorgan Chase, the five biggest banks in the U.S. have quietly been cutting jobs all year, CNBC reported Thursday (Oct. 19.

Biggest Banks Cut 20,000 Jobs Amid High Interest Rates

Job losses in finance could pressure the broader U.S. labor market in 2024. Faced with rising defaults on loans, lenders are poised to make deeper cuts.

Big banks are quietly cutting thousands of employees, and more layoffs are coming

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (“MSIM”) today announced the listing of five new ETFs on NYSE Arca. These latest additions to MSIM's ETF platform are all actively-managed and span asset classes with one Parametric-branded alternative income strategy, one Parametric-branded hedged equity strategy, and three Eaton Vance-branded fixed income strategies. “Following the successful launch of MSIM's ETF platform earlier this year, the new additions to the platform furth.

Morgan Stanley Investment Management Expands ETF Platform with Five Active ETFs

Southwest Airlines

Netflix

No one wants to catch a falling knife, but everyone loves a bargain, and tracking stocks that have been falling hard can be a great way to spot one. One of the most common indicators out there that's used for just that purpose is a stock's Relative Strength Index (RSI).

3 Mega Caps With RSIs That Scream Oversold

MainStreet Bancshares

Value Line

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Top 3 Financial Stocks You'll Regret Missing In Q4 - MainStreet Bancshares (NASDAQ:MNSB), Morgan Stanley (NYSE:MS)

Morgan Stanley have delivered their Q3 results, and while earnings came in above analyst forecasts, the overall picture was enough to send their stock tumbling.

Morgan Stanley Earnings Top Estimates - But Stock Falls 8%

Third-quarter earnings show a contrast between the two banks.

Goldman Sachs Is Landing Punches Versus Morgan Stanley. Here's How.

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to 6 classes of mortgage-backed certificates from Morgan Stanley Residential Mortgage Loan Trust 2023-NQM1 (MSRM 2023-NQM1), a $342.0 million non-prime RMBS transaction. The underlying collateral, comprising 864 residential mortgages, is characterized by a notable concentration of alternative income documentation (90.0%). Most of the loans are either classified as non-qualified mortgages (Non-QM) (43.9%) or exempt (49.9%) from the Abil.

KBRA Assigns Preliminary Ratings to Morgan Stanley Residential Mortgage Loan Trust 2023-NQM1 (MSRM 2023-NQM1)

Financial Select Sector SPDR Fund

Exchange-traded funds that buy stocks in the financial sector were struggling Wednesday, with Morgan Stanley's steep drop landing it among the S&P 500's worst performers.

Bank stocks, financial ETFs struggle as Morgan Stanley shares head for biggest drop since 2020

Morgan Stanley (NYSE: MS) losing 8.0% today despite beating Street estimates for its third financial quarter is an opportunity to buy a quality name at a discount, says the famed investor Jim Cramer.

Jim Cramer buys Morgan Stanley stock on post-earnings pullback

CEO Gorman said the bank "is in excellent shape, notwithstanding the geopolitical and market turmoil that we find ourselves in," and added an announcement of his chosen successor is getting close.

Morgan Stanley shares tank on lack of CEO succession plans, weak Q3

Morgan Stanley (NYSE:MS ) Q3 2023 Earnings Conference Call October 18, 2023 8:30 AM ET Company Participants James Gorman - Chairman and Chief Executive Officer Sharon Yeshaya - Chief Financial Officer Conference Call Participants Christian Bolu - Autonomous Research Glenn Schorr - Evercore ISI Ebrahim Poonawala - Bank of America Dan Fannon - Jefferies Steven Chubak - Wolfe Research Devin Ryan - JMP Securities Brennan Hawken - UBS Jim Mitchell - Seaport Global Mike Mayo - Wells Fargo Gerard Cassidy - RBC Capital Market Operator Good morning. Welcome to Morgan Stanley's Third Quarter 2023 Earnings Call.

Morgan Stanley (MS) Q3 2023 Earnings Call Transcript

Morgan Stanley (MS) shares tumbled over 7% in early trading on Wednesday after reporting profit declined as sales at the investment bank's wealth management and investment banking divisions fell short of estimates.

Morgan Stanley's Profit Falls on Higher Costs and Slow Merger and IPO Activity

MS stock tumbled Wednesday as Morgan Stanley's earnings beat wasn't enough to satisfy investors. State Street climbs even as profit falls.

MS Stock Dives After Morgan Stanley Reports 27% Drop In Investment Banking Revenue

Higher interest rates and concerns about a possible recession are keeping many corporate executives from completing deals.

Morgan Stanley's Earnings Hit by Investment-Banking Slump

Morgan Stanley (MS) came out with quarterly earnings of $1.38 per share, beating the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.53 per share a year ago.

Morgan Stanley (MS) Q3 Earnings and Revenues Top Estimates

Decent equity underwriting and equity trading performance support Morgan Stanley's (MS) Q3 earnings amid a continued slump in global deal-making and fixed-income trading and underwriting businesses.

Morgan Stanley's (MS) Q3 Earnings Beat Estimates, IB Subdued

The shares of Morgan Stanley (NYSE:MS) are down 6.4% at $75.20 this morning, after the firm joined other major banks  in reporting third-quarter earnings.

Morgan Stanley Stock Slumps After Profits Drop

U.S. stocks opened lower Wednesday, as investors weighed third-quarter earnings including from Morgan Stanley. The Dow Jones Industrial Average DJIA, -0.20% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.46% shed 0.4% and the Nasdaq Composite COMP, -0.67% dropped 0.7%, according to FactSet data, at last check.

U.S. stocks open lower as investors weigh Morgan Stanley earnings, housing-market data

Profit for the three months ended Sept. 30 was $2.4 billion, the bank reported on Wednesday.

Morgan Stanley profit shrinks as deal slump lingers

Morgan Stanley (NYSE:MS) topped expectations in the third quarter although profits fell reflecting a continued slump in deal-making. The investment bank reported revenue in the quarter ended September of $13.27 billion, up 2% from last year's $12.99 billion, with diluted EPS of $1.38, down from $1.47.

Morgan Stanley profits fall as deal-making slump continues

Morgan Stanley on Wednesday said its third-quarter profit fell 10% amid weakness in its investment banking business, but its trading and asset-management revenue rose. Morgan Stanley MS, +2.03% said profit for the three months ended Sept. 30 fell to $2.26 billion, or $1.38 a share, from $2.49 billion, or $1.47 a share, in the year-ago period.

Morgan Stanley earnings fall 10% but beat lowered Wall Street expectations

Morgan Stanley reported third-quarter earnings Wednesday. The bank topped profit expectations and roughly matched estimates for revenue. Shares of Morgan Stanley dipped 3.2% in premarket trading.

Morgan Stanley beats estimates on trading, but shares dip as wealth management disappoints

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today reported net revenues of $13.3 billion for the third quarter ended September 30, 2023 compared to $13.0 billion a year ago. Net income applicable to Morgan Stanley was $2.4 billion, or $1.38 per diluted share,1 compared to net income of $2.6 billion, or $1.47 per diluted share,1 for the same period a year ago. James P. Gorman, Chairman and Chief Executive Officer, said, “While the market environment remained mixed this quarter, the Firm.

News for Morgan Stanley Stock (MS)