MORGAN STANLEY

For the period ended Mar 31, 2024. Filed May 3, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

MS$187.56+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Income Statement (Unaudited)

	Three Months EndedMarch 31,
in millions, except per share data	2024	2023
Revenues
Investment banking	$1,589	$1,330
Trading	4,852	4,477
Investments	137	145
Commissions and fees	1,227	1,239
Asset management	5,269	4,728
Other	266	252
Total non-interest revenues	13,340	12,171
Interest income1	12,930	9,980
Interest expense1	11,134	7,634
Net interest	1,796	2,346
Net revenues	15,136	14,517
Provision for credit losses	(6)	234
Non-interest expenses
Compensation and benefits	6,696	6,410
Brokerage, clearing and exchange fees	921	881
Information processing and communications	976	915
Professional services	639	710
Occupancy and equipment	441	440
Marketing and business development	217	247
Other	857	920
Total non-interest expenses	10,747	10,523
Income before provision for income taxes	4,395	3,760
Provision for income taxes	933	727
Net income	$3,462	$3,033
Net income applicable to noncontrolling interests	50	53
Net income applicable to Morgan Stanley	$3,412	$2,980
Preferred stock dividends	146	144
Earnings applicable to Morgan Stanley common shareholders	$3,266	$2,836
Earnings per common share
Basic	$2.04	$1.72
Diluted	$2.02	$1.70
Average common shares outstanding
Basic	1,601	1,645
Diluted	1,616	1,663

Prior period amounts have been adjusted to conform with the current period presentation. See Note 2 for additional information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.