MORGAN STANLEY
For the period ended Jun 30, 2025. Filed Aug 4, 2025.
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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.
Jun 30, 2025 · Filed Aug 4, 2025
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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Consolidated Balance Sheet (Unaudited at
Table of Contents
Consolidated Balance Sheet
| $ in millions, except share data | (Unaudited)AtJune 30,2025 | AtDecember 31,2024 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $109,130 | $105,386 |
| Trading assets at fair value ($219,770 and $148,945 pledged as collateral) | 425,519 | 331,884 |
| Investment securities: | ||
| Available-for-sale at fair value (amortized cost of $109,699 and $101,960) | 106,872 | 98,608 |
| Held-to-maturity (fair value of $48,032 and $51,203) | 56,701 | 61,071 |
| Securities purchased under agreements to resell (includes $— and $— at fair value) | 106,755 | 118,565 |
| Securities borrowed | 139,959 | 123,859 |
| Customer and other receivables | 98,310 | 86,158 |
| Loans: | ||
| Held for investment (net of allowance for credit losses of $1,271 and $1,066) | 245,654 | 225,834 |
| Held for sale | 12,332 | 12,319 |
| Goodwill | 16,734 | 16,706 |
| Intangible assets (net of accumulated amortization of $1,712 and $5,445) | 6,185 | 6,453 |
| Other assets | 29,719 | 28,228 |
| Total assets | $1,353,870 | $1,215,071 |
| Liabilities | ||
| Deposits (includes $7,465 and $6,499 at fair value) | $389,377 | $376,007 |
| Trading liabilities at fair value | 171,351 | 153,764 |
| Securities sold under agreements to repurchase (includes $696 and $956 at fair value) | 69,537 | 50,067 |
| Securities loaned | 19,193 | 15,226 |
| Other secured financings (includes $15,525 and $14,088 at fair value) | 23,537 | 21,602 |
| Customer and other payables | 215,345 | 175,938 |
| Other liabilities and accrued expenses | 27,459 | 28,220 |
| Borrowings (includes $125,491 and $103,332 at fair value) | 328,801 | 288,819 |
| Total liabilities | 1,244,600 | 1,109,643 |
| Commitments and contingent liabilities (see Note 13) | ||
| Equity | ||
| Morgan Stanley shareholders’ equity: | ||
| Preferred stock | 9,750 | 9,750 |
| Common stock, $0.01 par value: | ||
| Shares authorized: 3,500,000,000; Shares issued: 2,038,893,979; Shares outstanding: 1,598,299,431 and 1,606,653,706 | 20 | 20 |
| Additional paid-in capital | 30,263 | 30,179 |
| Retained earnings | 109,567 | 104,989 |
| Employee stock trusts | 5,085 | 5,103 |
| Accumulated other comprehensive income (loss) | (5,913) | (6,814) |
| Common stock held in treasury at cost, $0.01 par value (440,594,548 and 432,240,273 shares) | (35,503) | (33,613) |
| Common stock issued to employee stock trusts | (5,085) | (5,103) |
| Total Morgan Stanley shareholders’ equity | 108,184 | 104,511 |
| Noncontrolling interests | 1,086 | 917 |
| Total equity | 109,270 | 105,428 |
| Total liabilities and equity | $1,353,870 | $1,215,071 |
| June 2025 Form 10-Q | 40 | See Notes to Consolidated Financial Statements |
|---|
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