Financial services are provided by Morgan Stanley. It serves a wide range of customers including businesses, governments, financial institutions, and private citizens with a range of goods and services through its subsidiaries. Institutional securities, wealth management, and investment management are some of its segments. Corporations, governments, financial institutions and high net worth individuals can obtain investment banking, sales and trading services, among other services, through its institutional securities section. Financial and wealth planning services, workplace services, annuity and insurance products, banking, residential real estate loans and other loan products, brokerage and investment advisory services, and retirement planning services are all offered by the company’s wealth management segment to individual investors and small to medium-sized businesses. Are provided to both businesses and institutions. Its investment management division offers a selection of investment plans and commodities.
Morgan Stanley Earnings Results for the Fourth Quarter and Full Year 2023
Morgan Stanley announced full year net revenues of $54.1 billion, EPS of $5.18, an ROTCE of 12.8%, and fourth quarter net revenues of $12.9 billion, with an EPS of $0.85 and an ROTCE of 8.4%.January 16, 2024 New York For the fourth consecutive quarter ending December 31, 2023, Morgan Stanley (NYSE: MS) reported net revenue of $12.9 billion, up from $12.7 billion in the same period last year. For the same period last year, net income attributable to Morgan Stanley was $2.2 billion, or $1.26 per diluted share, compared to $1.5 billion, or $0.85 per diluted share.
Pre-tax earnings for the fourth quarter included a $535 million charge or $0.28 per diluted share1,2: $286 million related to an FDIC special assessment and legal fees of $249 million related to a specific case.
$54.1 billion was the net revenue for the entire year, up from $53.7 billion the previous year. In comparison to the previous year, when it was $11.0 billion, or $6.15 per diluted share, the net income attributable to Morgan Stanley was $9.1 billion, or $5.18 per diluted share.