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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q4 2022

Earnings data Q1 2023

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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

PennyMac Mortgage Investment

We take a look at the action in preferreds and baby bonds through the fourth week of September and highlight some of the key themes we are watching. Preferreds finished lower, under pressure from the higher-for-longer Fed message. Morgan Stanley is keeping its fixed-for-life 7.125% Series E outstanding which now looks attractive.

Preferreds Weekly Review: Morgan Stanley Is Keeping Its Fixed-For-Life Preferreds

Constellation Brands

Wells Fargo

Advance Auto Parts

Diageo

Netflix

Paychex

Trade Desk

Take-Two Interactive Software

Walgreens

Workday

Here are some of the tickers on my radar for Thursday, Sept. 28, taken directly from my reporter's notebook.

Here are the 12 stocks Jim Cramer is watching, including a dire consumer forecast

Charles Schwab stock is down 34% over the past year due to a declining deposit base. Morgan Stanley diversified its business and its deposits remained stable during the Fed's rate-hiking campaign.

Before You Buy Charles Schwab: Here's a Brokerage Stock I'd Buy First

Bank of America

Citigroup

Fifth Third Bancorp

Goldman Sachs

Interactive Brokers

LPL Financial Hlds

Oppenheimer Holdings

Truist Financial

U.S. Bancorp

Voya Financial

The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter.

U.S. SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

Supported by strong fundamentals and decent growth prospects, the Morgan Stanley (MS) stock looks like a promising pick now.

5 Reasons to Invest in Morgan Stanley (MS) Stock Right Now

JPMorgan Chase (JPM) CEO Jamie Dimon's warning that the Federal Reserve may not be done hiking interest rates is dragging the bank sector lower this afternoon.

2 Bank Stocks Dragged by Rate Hike Fears

Palantir Technologies

Northrop Grumman

Will the government shut down? Despite the hot rhetoric, it doesn't seem possible.

3 Stocks That Really, Really Need the Defense Bill to Pass

Not only is it difficult to find on the company's internal web page, it also falls short of more popular generative AI tools like ChatGPT or Bard, sources told On the Money.

Morgan Stanley's new AI tool  ‘spotty on accuracy': sources

Barclays

JPMorgan Chase & Co

Royal Bank of Canada

A U.S. federal judge on Thursday said American cities may pursue class-action claims accusing eight large banks of driving up interest rates they paid on a popular municipal bond.

Eight big banks must face US cities' bond collusion claims

Financial Select Sector SPDR Fund

Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.

Bank stocks show more signs of life after a tumultuous year. Here's what's causing the run and why we're optimistic on these financial names

Private equity firms Certares and Knighthead sue Morgan Stanley (MS) for defrauding them in relation to a credit agreement investment for a luxury high-speed rail line.

Morgan Stanley (MS) Faces $750M Lawsuit by Private Equity Firms

Morgan Stanley was sued on Monday for at least $750 million by private equity firms that claimed they were defrauded in an investment with a high-speed rail company.

Morgan Stanley sued for $750 mln by lenders to rail line, who claim fraud

Morgan Stanley (NYSE:MS) is set to release its artificial intelligence system for financial advisors and their support staff on Monday, according to memo seen by CNBC. The tool, called the AI @ Morgan Stanley (NYSE:MS) Assistant, was created with OpenAI's latest generative AI software GPT-4.

Morgan Stanley set to launch AI assistant for financial advisors

Morgan Stanley (NYSE: MS) will reportedly launch an artificial intelligence-powered assistant for financial advisors on Monday. Morgan Stanley is beating peers in the AI race The multinational investment bank had first revealed plans of such an assistant based on GPT-4 (OpenAI) in March.

Morgan Stanley will officially launch an AI assistant for financial advisors today

Morgan Stanley says it is the first major Wall Street firm to put a bespoke solution based on GPT-4 in employees' hands.

Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors

Charles Schwab

UBS Group AG

Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.

Wall Street banks shed jobs to ease cost pressures

Capital One

Mastercard

If you're looking for financial services stocks to buy, look no further. Bank stocks have underperformed by a wide margin this year.

The 7 Most Undervalued Financial Services Stocks to Buy in September 2023

Altus Power

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, Inc., (NYSE: AMPS), the leading commercial-scale provider of clean electric power, and Brightcore Energy, a leader in developing and implementing renewable energy solutions for the commercial and institutional market, today announced a new solar project with Morgan Stanley (NYSE: MS) that will be installed on Morgan Stanley's parking structure at its campus in Purchase, NY. “Morgan Stanley is a leader in the global financial markets, and we're exci.

Altus Power and Brightcore Energy Announce New Carport Solar Arrays at Morgan Stanley's Westchester Campus

KeyCorp

That's because, according to Jim Cramer, investors are focusing their attention on big banks, rather than smaller regionals.

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

Morgan Stanley (NYSE:MS ) Barclays Global Financial Services Conference September 12, 2023 11:15 AM ET Company Participants Dan Simkowitz - Head of Investment Management and Co-Head of Corporate Strategy Conference Call Participants Jason Goldberg - Barclays Jason Goldberg Very pleased to have Morgan Stanley. If we could put up the first ARS question, while I go through some housekeeping stuff.

Morgan Stanley (MS) Management presents at Barclays Global Financial Services Conference (Transcript)

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced the 2023 global cohort of the Inclusive Ventures Lab, with 23 companies selected across North America and Europe, the Middle East and Africa (EMEA), double the size of previous cohorts. The Lab offers a five-month in-house accelerator program for underrepresented founders of technology and technology-enabled startups in the post-seed to Series A funding round stage. Chosen from over 7,900 applicants – more than three times las.

Morgan Stanley Expands Global Inclusive Ventures Lab with Largest Single Cohort of 23 Companies

Apple

CVS Health

Disney

Alphabet

Medtronic

Microsoft

Pfizer

Seasonal tendencies for the U.S. stock market between now and the end of the year will favor large-cap stocks over small caps.

Why large-cap stocks are a better bet for the rest of 2023 — and 10 you want to own

M.D.C. Holdings

Old National Bancorp

PNC Financial Services

Banks currently are the industry group that is most popular with the top-performing newsletters that my auditing firm monitors.

Why these investors love bank stocks

Goldman Sachs and Morgan Stanley are poised for stronger results next year compared to other large-cap U.S. banks as dealmaking on Wall Street picks up and asset management businesses gain momentum, HSBC said on Thursday.

Goldman, Morgan Stanley to shine amid struggle for large-cap banks - HSBC

Wealthy clients going to a Morgan Stanley banker to discuss their investments may soon have a different sort of experience: having a chatbot listen to their conversation.

Focus: Morgan Stanley to launch AI chatbot to woo wealthy

News for Morgan Stanley Stock (MS)