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

Results show that Wall Street-style businesses like investment banking and trading are still in the doldrums.

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue

Morgan Stanley MS, +0.69% stock was up about 2% in premarket trades Tuesday after its second-quarter profit and revenue beat analyst expectations. Morgan Stanley said its profit for the three months ended June 30 fell 14% to $2.05 billion, or $1.24 a share from $2.39 billion, or $1.39 per diluted share, in the year-ago quarter.

Morgan Stanley profit drops but beats expectations as stock rises

The investment bank's second-quarter earnings top Wall Street expectations.

Morgan Stanley Profit Slides 12% on Deal-Making Slowdown

Morgan Stanley's profit slipped 18% in the second quarter as Wall Street's deal-making drought stunted revenue from investment banking.

Morgan Stanley profit drops 18% as deal doldrums persist

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today reported net revenues of $13.5 billion for the second quarter ended June 30, 2023 compared with $13.1 billion a year ago. Net income applicable to Morgan Stanley was $2.2 billion, or $1.24 per diluted share,1 compared with net income of $2.5 billion, or $1.39 per diluted share,1 for the same period a year ago. The second quarter of 2023 was impacted by severance costs of $308 million2 associated with an employee action. James P. Gorman,.

Morgan Stanley Second Quarter 2023 Earnings Results

Mitsubishi UFJ Financial

Mitsubishi UFJ Financial Group (MUFG) and Morgan Stanley said on Tuesday they will deepen their 15-year old alliance by combining some operations at their Japanese brokerage joint ventures.

MUFG, Morgan Stanley to deepen alliance, merge some Japan operations

Bank of America

Goldman Sachs

JPMorgan Chase & Co

Wells Fargo

Citigroup

JPMorgan Chase & Co. Chief Executive Jamie Dimon on Friday said the U.S. economy was basically doing OK, even if customers were spending “a little more slowly.”

The nation's biggest banks are gearing up for more consumer struggles ahead

Bank of New York Mellon

Lockheed Martin

Charles Schwab

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Earnings Previews:  Bank of America, Bank of New York Mellon, Charles Schwab, Lockheed Martin, Morgan Stanley

Some of the largest U.S. banks got a profit boost from higher interest rates and pointed to early signs of recovery in investment banking but warned that the economy was slowing and losses would increase in commercial real estate.

U.S. banks point to resilient but slowing economy, flag risks ahead

Blackstone Group

Big U.S. banks kick off second-quarter earnings on Friday, with investors bracing for a subsequent wave of borrowing in the bond market from America's top lenders.

JPMorgan, Citi and Wells earnings to unleash borrowing blitz by banks

Banking sector earnings can tell us a thing or two about the state of the economy.

2 Things to Watch as Banks Enter Earnings Season

Subdued trading and investment banking business performance are expected to have hurt Morgan Stanley's (MS) Q2 earnings.

Weak Trading, IB to Hurt Morgan Stanley's (MS) Q2 Earnings

Investors have wondered about banks' ability to return capital to shareholders due to the challenging environment. Most banks have also been preparing for higher capital requirements, which has made them cautious about their capital return plans.

3 Bank Stocks Hiking Their Dividends at Least 10%

Morgan Stanley has hired veteran investment banker Daniel Cohen from Truist Financial Corp , where he was the head of the firm's healthcare services advisory business, a person familiar with the matter said on Wednesday.

Morgan Stanley hires healthcare services banker Cohen from Truist

Odeon Capital analyst Richard Bove on Wednesday upgraded Morgan Stanley MS, +1.87% to buy from hold on growth in its wealth management unit and an uptick in investment banking. Morgan Stanley will benefit from U.S. Federal Reserve policies that have not constrained the money supply as much as anticipated despite interest rate hikes, Bove said.

Morgan Stanley upgraded to buy from hold at Odeon Capital

Morgan Stanley (MS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Morgan Stanley (MS) to Report a Decline in Earnings: What to Look Out for

Jefferies analyst Daniel Fannon on Tuesday cut his earnings estimates for Goldman Sachs Group Inc. GS, +0.41% and Morgan Stanley MS, +0.05% ahead of second-quarter updates from the banks in coming days. Citing a decline in investment banking and sales and trading, Fannon lowered his second-quarter profit view for Goldman Sachs by 56% to $3.82 a share, below the latest consensus estimate of $4.73 a share, as compiled by FactSet.

Jefferies slashes earnings estimates for Goldman and Morgan Stanley ahead of earnings updates next week

Wall Street banks are expected to report higher profits for the second quarter as rising interest payments offset a downturn in dealmaking.

US banking giants to report higher profits even as dealmaking drags

PacWest Bancorp

Western Alliance Bancorporation

Zions Bancorp

JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. kick off second-quarter earnings season Friday after one of the choppiest three-month periods for the banking sector since the global financial crisis.

Megabank profits on tap after eventful Q2 of bank failures and climbing interest rates

Morgan Stanley has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co , where he led the bank's North America mergers and acquisitions (M&A) business, people familiar with the matter said on Monday.

Morgan Stanley hires JPMorgan North America M&A head-sources

What is coming will likely be the most significant shift in the American banking landscape since the 2008 financial crisis. Bank earnings kick off Friday.

The American banking landscape is on the cusp of a seismic shift. Expect more pain to come

US banks are set to report mixed second quarter earnings, starting off with JPMorgan Chase & Co (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) which are all handing down their latest financial results on Friday, July 14.   Bank of America Corp (NYSE:BAC) and Morgan Stanley (NYSE:MS) will follow on Tuesday, July 18, with Goldman Sachs (NYSE:GS) to report on Wednesday, July 19.

US banks set to report mixed 2Q earnings with Citigroup, Morgan Stanley and Goldman Sachs expected to post profit drop

SPDR S&P Bank ETF

SPDR S&P Regional Banking ETF

U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week.

US bank stocks fall as investors turn jittery ahead of Q2 results

Ally Financial

Ares Management

Cadence Bank

Citizens Financial Group

Comerica

Capital One

First Citizens BancShares

First Horizon National

Fifth Third Bancorp

F.N.B. Corp.

KeyCorp

PNC Financial Services

Pinnacle Financial Partners

Synovus Financial

South State

Truist Financial

U.S. Bancorp

Earnings season for the largest U.S. banks will begin on Friday, July 14, when JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co. announce their second-quarter results. Rounding out the “big six” industry group, Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley are all scheduled to report on July 18.

These 20 banks have had the largest cuts to earnings estimates

Company insiders continue to buy large amounts of the stocks of U.S. financial companies, in general, and commercial banks, in particular, data compiled by Fintel shows.

News for Morgan Stanley Stock (MS)