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.

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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

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Operating income

EBITDA

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Earnings per share

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Current assets

Cash & equivalents

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Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

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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

Barclays

Citigroup

Credit Suisse

Deutsche Bank

Goldman Sachs

Jefferies Financial Group Inc

Nomura Holdings

UBS Group AG

Eight banks and three other FIs will pay a combined $1.8 billion for their message retention failures, highlighting the need for better tech tools at work.

Big banks face $1.8 billion in fines for employee messaging record-keeping blunder

JPMorgan Chase & Co

The Federal Reserve announced Thursday that six of the nation's largest banks would participate in a pilot climate scenario analysis exercise in 2023.

Fed to kick off climate scenario analysis in 2023 with six large banks

Evercore

Raymond James

A tough operating backdrop weighs on the Zacks Investment Bank industry, which will hurt revenue growth. Yet, Morgan Stanley (MS).

3 Investment Banks to Watch Amid Industry-Wide Headwinds

Blackrock Inc

The heads of some of the world's top banks and asset managers will attend an investment summit in Hong Kong on Nov. 2, the city's financial regulator said on Thursday, signalling a re-opening of the financial hub after strict pandemic-linked curbs.

Wall Street titans to join Nov 2 summit in Hong Kong as COVID rules relaxed

Wells Fargo

The U.S. Federal Reserve Board should consider relaxing bank-merger guidelines focused on branch concentration, last updated in 1995, to account for competition from financial technology companies, Michelle Bowman, a governor at the Federal Reserve Board, said Wednesday.

Fed official suggests easing of big-bank merger rules as competition from fintech increases

Barclays PLC (LSE:BARC), Goldman Sachs (NYSE:GS) and Credit Suisse were among a host of companies fined by the US regulator for traders' use of their phones for work communication, and not properly maintaining and preserving electronic communications. Bank of America Corp (NYSE:BAC), Citigroup Inc (NYSE:C), Morgan Stanley (NYSE:MS) and UBS were among the others fined by the regulator for a combined total of US$1.1bn.

Barclays and other banks hit with fines for using WhatsApp and not keeping records

The Wall Street banks like BCS, BAC, GS & MS face penalties from the SEC and the CFTC for violating record-keeping laws. In a similar case, JPM was fined in December 2021.

SEC, CFTC Fine Wall Street Banks for Record-Keeping Failures

Communicating on private devices makes it difficult for banks to maintain record-keeping of what everyone is doing, as they are required to do by law.

Wall Street's texting problem forces unhappy regulators to send a billion dollar message

Goldman Sachs, Citigroup and other financial giants have agreed to pay regulators $1.1 billion in penalties for not monitoring employees using unauthorized messaging apps, according to a press release from the Securities and Exchange Commission (SEC) on Tuesday (Sept. 27).

Goldman Sachs and 15 Financial Firms Pay $1.1B to Settle SEC WhatsApp Probe

More than a dozen financial institutions agreed to pay more than $1 billion collectively for failing to properly collect employees' text messages for their records, the Securities and Exchange Commission announced Tuesday.

Big banks to pay more than $1 billion for ‘widespread and longstanding failures' in keeping text-message records

NEW YORK--(BUSINESS WIRE)--E*TRADE from Morgan Stanley today announced it was named the 2022 Best Online Broker in Kiplinger. The review highlights its advisory services, research, and investment choices as particular strengths since joining Morgan Stanley, while also awarding the firm the number one spots for mobile, tools, and research. This announcement comes as E*TRADE continues to integrate Morgan Stanley offerings into its platform, providing clients with an array of tangible benefits inc

E*TRADE From Morgan Stanley Named #1 Online Broker in Kiplinger 2022 Review

Three major U.S. banks said on Wednesday they will hike their prime lending rates by 75 basis points, bringing the rates to their highest since the global financial crisis of 2008.

Big U.S. banks' prime rate soars to highest since financial crisis

The U.S. Securities and Exchange Commission has agreed to settle charges against Morgan Stanley Smith Barney (MSSB) for its “astonishing” failure to protect the personal identifying information of some 15 million customers.

Morgan Stanley to pay $35M after hard drives with 15M customers' personal data turn up in auction

NEW YORK--(BUSINESS WIRE)--Morgan Stanley at Work released today the latest findings from its second annual State of the Workplace Financial Benefits Study, highlighting the economic challenges employees face amid rising inflation and evolving views on financial benefits. The study found that employees across age groups are struggling with their personal finances due to inflation and concerns of a recession. Compared to last year, employees are paying more attention to their financial benefits

Morgan Stanley at Work Unveils Second Annual State of the Workplace Financial Benefits Study

U.S. legislators will grill the bosses of the biggest U.S. consumer banks in Congress on Wednesday and Thursday on a slew of topics from the state of the economy to hot-button issues including abortion and climate.

Factbox: Meet the big bank CEOs set to be grilled by Congress

Morgan Stanley is a stellar company with great talent, executing on multiple fronts as interest rates increase and assets under management increase. As a result, they are currently expected to grow both top and bottom lines faster than peers and with, I believe, less risk.

Morgan Stanley: The Best Positioned Financials Company

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Private Bank, National Association, a national bank subsidiary of Morgan Stanley (NYSE: MS), has been recognized with the highest rating from the Office of the Comptroller of the Currency (OCC) for its work meeting the credit needs of the communities it serves, primarily New York City and Westchester County, NY. The Firm received a rating of “Outstanding” for its community reinvestment activities for the seventh consecutive time. The publicly available

Morgan Stanley Private Bank, National Association Receives Outstanding Rating for Community Reinvestment Initiatives

Morgan Stanley is shifting from the volatile investment banking business towards the more stable wealth management side. It's set to benefit from the high number of acquired customers from E-Trade.

Why Morgan Stanley Looks Enticing On The Drop

Morgan Stanley (NYSE:MS.PK ) Barclays Global Financial Services Conference September 13, 2022 11:15 PM ET Company Participants Andy Saperstein - Co-President & Head of Wealth Management Conference Call Participants Unidentified Analyst Next up, very pleased to have Morgan Stanley with us. From the company, Andy Saperstein, who's Co-President and Head of Wealth Management.

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

Morgan Stanley has seen moderation in loan growth and a lower mortgage demand due to rising interest rates, co-President Andrew Saperstein said in a conference on Tuesday.

Morgan Stanley says rise in interest rates hurts mortgage demand

Financial Select Sector SPDR Fund

Bank stocks fell sharply Tuesday as worse-than-expected inflation data sparked a spike in Treasury yields and a drop in stock prices, while clouding the outlook for big financial institutions that hold bonds.

Bank stocks tumble after data shows inflation roaring back in August, sending bond yields higher

Bank stocks fell with the broad market in early trades on Monday, as Wall Street absorbed the impact of bearish Consumer Price Index data. JPMorgan Chase & Co. JPM, -1.97% fell 2.1%, Goldman Sachs Group Inc. GS, -2.28% dropped 2.2%, Citigroup Inc. C, -1.69% subtracted 2% and Wells Fargo & Co. WFC, -3.21% gave up 3.1%.

Bank stocks move into the red after CPI data

The outflows will fuel a debate about how the Fed's inflation-calming moves are going to play out in the banking system.

U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter

Investment banks are set to make a record-breaking $20 billion trading and financing commodities like oil, gas and metals in 2022, more than triple what they earned in the years before COVID-19, analytics firm Coalition Greenwich told Reuters.

Big banks to rake in record profits from commodities this year

U.S. banks reported $64.4 billion in profits in the second quarter of 2022, as higher net interest income offset growing reserves to guard against loan losses, the Federal Deposit Insurance Corporation said Thursday.

News for Morgan Stanley Stock (MS)