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 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.

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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 (NYSE:MS.PK ) Bernstein 39th Annual Strategic Decisions Conference May 31, 2023 2:30 PM ET Company Participants Andy Saperstein - Co-President and Head of Wealth Management Conference Call Participants Christian Bolu - Bernstein Christian Bolu All right, I think we'll get started. Thank you everyone and good afternoon.

Morgan Stanley (MS) Presents at Bernstein 39th Annual Strategic Decisions Conference (Transcript)

Morgan Stanley MS executive Andy Saperstein on Wednesday confirmed reports from early May that the bank plans to lay off about 5% of its workforce, or about 3,200 people, in what he said was a “painful and difficult” process amid a challenging deal environment. So far in the second quarter, institutional securities trading and client activity remain muted, along with investment banking.

Morgan Stanley exec Andy Saperstein confirms layoffs and says he'll let succession process run its course

Morgan Stanley expects to its revenue from trading and investment banking to slump in the second quarter given a more challenging economic environment, co-president Andy Saperstein told investors Wednesday.

Morgan Stanley expects trading, investment banking results to weaken

Bank of America

Comerica

Goldman Sachs

JPMorgan Chase & Co

KeyCorp

SPDR S&P Regional Banking ETF

PacWest Bancorp

Visa

Wells Fargo

Financial Select Sector SPDR Fund

Zions Bancorp

Bank stocks fell Wednesday after the FDIC chairman said in a quarterly report that "downside risks" remain for the banking industry.

Bank Stocks Tumble As FDIC Warns Of 'Downside Risks.' Full Fallout From March Panic Unclear.

McDonald's

Walmart

With lawmakers bringing a debt-ceiling deal back from the brink over the holiday weekend, Wall Street looks ready to show its appreciation with a fresh 10-month high for the S&P 500 SPX.

From McDonald's to Morgan Stanley, UBS says these stocks are favorably positioned for AI.

Morgan Stanley's preferred shares offer a 6.3% yield on cost, outperforming the 3.7% annualized forward yield of its common shares. Both securities face headwinds from the Fed's funds rate, which is currently at 5% to 5.25%. Weak investment banking revenues and high inflation will limit total returns for the rest of 2023.

Morgan Stanley: The 6.3% Yielding Preferreds And Inflation

Consumer brands such as Starbucks face a Chinese market recovering slowly from the pandemic and filled with local competitors, Morgan Stanley analysts said.

Chinese consumers won't return to pre-Covid spending soon — a problem for Starbucks, Morgan Stanley says

Citigroup

Deutsche Bank

HSBC Holdings

Royal Bank of Canada

Citi (C), Deutsche Bank (DB), HSBC, Morgan Stanley (MS) and Royal Bank of Canada (RY) have allegedly conspired in chat rooms to swap sensitive information on UK bonds between 2009 and 2013.

HSBC, Citi, 3 Others Likely to be Fined for UK Bond Collusion

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?

Should You Invest in Morgan Stanley (MS) Based on Bullish Wall Street Views?

The U.K.'s Competition and Markets Authority on Wednesday said it has provisionally found that Citi, Deutsche Bank, HSBC, Morgan Stanley and Royal Bank of Canada broke competition law by exchanging sensitive information on U.K. government bonds in one-to-one online chats.

Five banks unlawfully shared information on government bonds, U.K. regulator says

Morgan Stanley strategist Michael Wilson warned in a Monday note that strong stock gains this year are not indicative of the beginning of a bear market.

Morgan Stanley warns stock rally is not the start of a bull market

The Competition and Markets Authority (CMA) has provisionally ruled that Citi, Deutsche Bank, HSBC, Morgan Stanley (NYSE:MS), and the Royal Bank of Canada (TSX:RY) breached competition law by sharing sensitive trading information on the UK government debt market. Discussions, which are alleged to have taken place in Bloomberg private chat rooms between 2009-13, revolved around the purchase and sale of government bonds, specifically gilts and gilt asset swaps, and allegedly included strategy details such as pricing.

Five banks colluded in the government debt market, UK watchdog provisionally rules

Britain's Competition and Markets Authority said on Wednesday it had provisionally found five major global banks broke UK competition law by exchanging sensitive information on government bonds in one-to-one online chats.

HSBC, Citi, Deutsche Bank, Morgan Stanley and RBC traders broke competition law, watchdog finds

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) today announced the winners of this year's Strategy Challenge, the Firm's flagship pro bono program, which brings together rising talent to help nonprofit organizations solve strategic, mission-critical challenges. Winning teams supported Meeting Essential Needs with Dignity, Inc. (MEND) and Leonard Cheshire, in the U.S. and the U.K. respectively. Over the past 10 weeks, Morgan Stanley employees have provided in-depth, pro bono consulting ser.

Meeting Essential Needs with Dignity, Inc. and Leonard Cheshire Teams Win Morgan Stanley's 14th Annual Strategy Challenge Supporting Nonprofits in the U.S. and the U.K.

The growth and importance of the firm's wealth management business has made Andy Saperstein—head of that division—a favorite to become the next CEO.

Morgan Stanley's Saperstein Could Succeed Gorman as CEO

NEW YORK--(BUSINESS WIRE)--James Gorman, Chairman and Chief Executive Officer of Morgan Stanley, will speak at the Morgan Stanley Annual U.S. Financials, Payments & Commercial Real Estate Conference on June 12, 2023, at 12:00 p.m. (ET). Both live and on-demand versions of the webcast will be available on www.morganstanley.com in the Investor Relations section. Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, weal.

James Gorman to Speak at the Morgan Stanley Annual U.S. Financials, Payments & Commercial Real Estate Conference

Morgan Stanley is down about 10% in the past few weeks with news that CEO James Gorman is set to step down in the next 12 months. However, this selloff is not rational.

Morgan Stanley: A Blue-Chip Value Play With Sizable Upside Potential

After a 13-year run, Morgan Stanley's (MS) James Gorman is set to step down as the CEO in the next year.

Morgan Stanley's (MS) James Gorman Announces Retirement in 2023

Wall Street didn't like the surprise news, with Morgan Stanley stock dipping.

Morgan Stanley CEO Announces Retirement, Sparks Questions Over Succession

The last full week of trading for May is set to kick off on a subdued note, as markets wait for progress on the debt ceiling and more Fed clarity on interest rate direction.

Investors rushing into stocks are wandering into a bull trap, warns Morgan Stanley Mike Wilson and others

Morgan Stanley CEO's departure severs more banking ties to the global financial crisis; only a handful of CEOs at large U.S. banks during the 2008-09 financial crisis remain in place.

Morgan Stanley CEO Stepping Down, Among Last From Era of Great Financial Crisis

Morgan Stanley has outperformed under James Gorman, and its shares are now priced at a premium.

Gorman's Tenure at Morgan Stanley a Tough Act to Follow

The absence of women from the slate of potential Morgan Stanley CEO successors underscores the importance of cultivating and keeping diverse talent, corporate governance experts say.

Morgan Stanley CEO succession underscores Wall Street's diversity gap

News that James Gorman is planning to step down as CEO of Morgan Stanley has focused attention on the lack of female CEOs at America's biggest banks.

As Morgan Stanley looks to replace James Gorman, where are the female bank CEOs?

The Australia native made his way to New York for business school, and eventually the bank.

News for Morgan Stanley Stock (MS)