MORGAN STANLEY
For the period ended Dec 31, 2023. Filed Feb 22, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 22, 2024
MS$187.10+3.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Income Statement
Table of Contents
Consolidated Income Statement
| in millions, except per share data | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenues | |||
| Investment banking | $4,948 | $5,599 | $10,994 |
| Trading | 15,263 | 13,928 | 12,810 |
| Investments | 573 | 15 | 1,376 |
| Commissions and fees | 4,537 | 4,938 | 5,521 |
| Asset management | 19,617 | 19,578 | 19,967 |
| Other | 975 | 283 | 1,042 |
| Total non-interest revenues | 45,913 | 44,341 | 51,710 |
| Interest income | 50,281 | 21,595 | 9,411 |
| Interest expense | 42,051 | 12,268 | 1,366 |
| Net interest | 8,230 | 9,327 | 8,045 |
| Net revenues | 54,143 | 53,668 | 59,755 |
| Provision for credit losses | 532 | 280 | 4 |
| Non-interest expenses | |||
| Compensation and benefits | 24,558 | 23,053 | 24,628 |
| Brokerage, clearing and exchange fees | 3,476 | 3,458 | 3,341 |
| Information processing and communications | 3,775 | 3,493 | 3,119 |
| Professional services | 3,058 | 3,070 | 2,933 |
| Occupancy and equipment | 1,895 | 1,729 | 1,725 |
| Marketing and business development | 898 | 905 | 643 |
| Other | 4,138 | 3,591 | 3,694 |
| Total non-interest expenses | 41,798 | 39,299 | 40,083 |
| Income before provision for income taxes | 11,813 | 14,089 | 19,668 |
| Provision for income taxes | 2,583 | 2,910 | 4,548 |
| Net income | $9,230 | $11,179 | $15,120 |
| Net income applicable to noncontrolling interests | 143 | 150 | 86 |
| Net income applicable to Morgan Stanley | $9,087 | $11,029 | $15,034 |
| Preferred stock dividends | 557 | 489 | 468 |
| Earnings applicable to Morgan Stanley common shareholders | $8,530 | $10,540 | $14,566 |
| Earnings per common share | |||
| Basic | $5.24 | $6.23 | $8.16 |
| Diluted | 5.18 | 6.15 | 8.03 |
| Average common shares outstanding | |||
| Basic | 1,628 | 1,691 | 1,785 |
| Diluted | 1,646 | 1,713 | 1,814 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.