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

Bank of America

Fifth Third Bancorp

JPMorgan Chase & Co

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

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

Apple

American Express

Dick's Sporting Goods

Intel

Target

After a blistering first half of the year, the outlook for the stock market has gotten murky. All three major U.S. indices declined in August, with the Dow Jones Industrial Average falling 2.4%, the Nasdaq losing 2.2%, and the benchmark S&P 500 sliding 1.7%.

7 Blue-Chip Stocks to Buy for a Market Pullback

Altice USA

Cable and telecoms group Altice is nearing a deal to sell its data centres in France to Morgan Stanley Infrastructure Partners, Les Echos reported on Wednesday, as the group of French-Israeli billionaire Patrick Drahi rushes to free up cash.

Debt-laden Altice in talks to sell data centres to Morgan Stanley - Les Echos

Evercore

Though near-erm concerns remain, the Zacks Investment Bank industry sees green shoots in underwriting and advisory businesses. This, along with decent trading, will aid companies like Morgan Stanley (MS), Goldman (GS) and Evercore (EVR) going forward.

3 Investment Bank Stocks Watch as Industry Navigates Challenges

ST. LOUIS--(BUSINESS WIRE)--Geneoscopy CEO Andrew Barnell to Present at the Morgan Stanley 21st Annual Global Healthcare Conference on Sept. 11, 2023.

Geneoscopy CEO Andrew Barnell to Present at the Morgan Stanley 21st Annual Global Healthcare Conference

Chubb

Logitech

Stock buybacks, or share repurchase programs, are commonly executed by companies to boost shareholder value.

3 Companies Committed to Boosting Shareholder Value

Citigroup

Wells Fargo

U.S. lenders are holding onto large piles of cash as insurance against a slowing economy, continuing deposit outflows and looming tougher liquidity rules that could particularly impact mid-sized banks.

Analysis: US banks hold $3.3 trillion cash amid banking crisis, slowdown worries

Best Buy

Discover

NextEra Energy

Pioneer Natural Resources

State Street

Truist Financial

Texas Instruments

August saw a wave of volatility in equity markets, with the SPDR S&P Trust ETF falling by 1.63%. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 12.71% since its inception in November 2020. The list from August did not perform well, losing 4.93% last month, underperforming both VYM and SPY.

My Top 10 High Yield Dividend Stocks For September 2023

SPDR S&P Regional Banking ETF

Financial Select Sector SPDR Fund

Bank stocks outpaced the broad market into positive territory on Friday as a healthy August jobs report sparked buying in the sector after a weak performance last month. The KBW Nasdaq Bank Index BKX, +1.27% rose by 1.2%, the Financial Select Sector SPDR ETF XLF, +0.80% rose 0.7% and the SPDR S&P Regional Banking ETF KRE, +1.48% rose 1.7%.

Bank stocks gain after jobs report in rebound from August losses

Medical Properties Trust

AT&T

The Dividend Harvesting Portfolio finished its 9th consecutive week in the black, with a 1.4% increase in invested capital. Medical Properties Trust slashed its dividend by approximately 50%, becoming the second company in the portfolio to do so. Morgan Stanley was added to the portfolio, with potential for future dividend growth and value appreciation.

Dividend Harvesting Portfolio Week 130: $13,000 Allocated, $1,112.40 In Projected Dividends

Ameriprise Financial

In 2022, U.S. companies did $1.22 trillion in stock buybacks. In the first half of 2023, S&P 500 companies have repurchased $385 billion in stock despite paying over $3 billion in tax on the share repurchases due to the 1% tax that went into effect on Jan. 1.

Buyback Boosters: 3 Stocks Primed for Gains After Repurchase Moves

UBS Group AG

Goldman Sachs (NYSE:GS) Group Inc, Morgan Stanley (NYSE:MS), JPMorgan Chase & Co (NYSE:JPM) and UBS AG have agreed to pay $499 million to settle an antitrust class action by US pension funds over the banks' control of the market for stock loans used for hedging and short selling, Bloomberg reported late Wednesday.  The media outlet noted that Credit Suisse AG last year agreed to pay $81 million to settle the claims against it.

Goldman Sachs, Morgan Stanley, JPMorgan, and UBS to pay $499M in stock lending settlement

Goldman (GS), Morgan Stanley (MS), JPMorgan (JPM) and UBS Group (UBS) settle a lawsuit alleging rigging of the stock loans market and collectively agree to pay $499 million.

JPM, MS, GS & UBS Settle Stock Lending Lawsuit, to Pay $499M

JPMorgan Chase & Co. JPM, +0.68%, Morgan Stanley MS, +0.49%, Goldman Sachs Group Inc. GS, +1.11%, UBS Group AG UBS, +2.49% and EquiLend agreed to pay $500 million in cash to settle a six-year-old antitrust suit led by four pension funds and an advisory firm called Torus Capital LLC, according to a statement issued late Wednesday. Negotiations with Bank of America Corp. BAC, +0.04% are continuing, said law firm Cohen Milstein Sellers & Toll PLLC.

Morgan Stanley, JPMorgan, Goldman in $500M settlement in stock lending antitrust suit

NEW YORK , Aug. 24, 2023 /PRNewswire/ -- Morgan Stanley Investment Management ("MSIM"), through Morgan Stanley Infrastructure Partners ("MSIP"), and U.S. maritime, energy and logistics solutions leader Crowley announced today the creation of a new joint venture to advance offshore wind energy solutions for the United States. The joint venture will strategically combine Crowley's end-to-end maritime and logistics capabilities through the newly created Crowley Wind Services Holdings, LLC ("Crowley Wind Services Holdings"), and the financial strength and expertise of MSIP, a leader in accelerating long-term, contracted growth infrastructure opportunities.

Morgan Stanley Infrastructure Partners, Crowley Advance U.S. Wind Energy

Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS have agreed to pay $499 million to settle an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.

Goldman, JPMorgan, Morgan Stanley, UBS in $499 million stock lending settlement

Goldman Sachs , JPMorgan Chase , Morgan Stanley and UBS have reached a $499 million settlement of an antitrust lawsuit by investors who accused them of conspiring to stifle competition in the stock lending market.

Goldman, JPMorgan, Morgan Stanley, UBS in $499 mln stock lending settlement

AbbVie

Kinder Morgan

Pfizer

Philip Morris

Southern Company

If you have the temptation to speculate, but are hesitant to go full bore into the madness of memes, oversold high-yield stocks to buy offer plenty of punch. Specifically, I'm focusing on well-established enterprises that just haven't aligned with market sentiment.

7 Very Oversold High-Yield Stocks to Buy Right Now

Morgan Stanley (NYSE:MS) has been fined millions of pounds by regulator Ofgem after the bank's energy traders failed to record discussions over wholesale market transactions, held on WhatsApp. Having failed to record and retain communications on the app between January 2018 and March 2020, the bank was fined £5.4 million – reduced front £7.7 million for cooperation.

Morgan Stanley fined millions for energy traders' WhatsApp discussions

Comerica

KeyCorp

UMB Financial

A number of major American banks are in the red today following S&P Globals' credit ratings adjustments on several regional lenders yesterday. Fears of a stock market crash are swirling as equity markets continue to show some sheepishness heading further into the second half of the year.

Stock Market Crash Alert: S&P Bank Downgrades Rock Stocks

U.S. Bancorp

Bank of America Corp. BAC, -0.03%, JPMorgan Chase & Co. JPM, -1.04%, Citigroup C, -0.42%, Morgan Stanley MS, -0.23%, Goldman Sachs Group Inc. GS, -0.48% and U.S. Bancorp USB, -0.65% are being recommended by Oppenheimer as undervalued to the market, the firm said in a research note on Friday. The KBW Nasdaq Bank Index BKX, -0.02% fell about 30% relative to the market in the weeks immediately after the collapse of Silicon Valley Bank in March, even though the industry's fundamentals have remained stable in the ensuing months, Oppenheimer analysts said.

Bank of America, JPMorgan and four other financial stocks recommended by Oppenheimer as ‘undervalued'

Bank of New York Mellon

Citizens Financial Group

Cullen/Frost Bankers

Capital One

Northern Trust

Shares of the biggest banks in the U.S., including JPMorgan Chase & Co. NYSE: JPM, Bank of America NYSE: BAC, Citigroup Inc. NYSE: C, Wells Fargo & Co. NYSE: WFC and Morgan Stanley NYSE: MS traded lower on August 16, continuing sector declines that began earlier in the week.

Are Major U.S. Banks At Risk Of Credit-Ratings Downgrades?

News for Morgan Stanley Stock (MS)