Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Institutional Securities segment offers capital raising and financial advisory services, including services related to the underwriting of debt, equity, and other securities, as well as advice on mergers and acquisitions, restructurings, real estate, and project finance. This segment also provides sales and trading services, such as sales, financing, prime brokerage, and market-making services in equity and fixed income products consisting of foreign exchange and commodities; corporate and commercial real estate loans, which provides secured lending facilities and financing for sales and trading customers, and asset-backed and mortgage lending; and wealth management services, investment, and research services. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services; self-directed brokerage services; financial and wealth planning services; workplace services, including stock plan administration; annuity and insurance products; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services to individual investors and small to medium-sized businesses and institutions. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, and third-party fund sponsors and corporations through institutional and intermediary channels. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

Morgan Stanley

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Gross Profit

Adjusted Net Income

Net Revenue

Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Institutional Securities Assets

Institutional Securities Assets % Chg.

Institutional Securities Assets Common Size

Wealth Management Assets

Wealth Management Assets % Chg.

Wealth Management Assets Common Size

Investment Management Assets

Investment Management Assets % Chg.

Investment Management Assets Common Size

Total Assets

Total Assets Common Size

Total Assets % Chg.

Institutional Securities Income Before Taxes

Institutional Securities Income Before Taxes % Chg.

Institutional Securities Income Before Taxes Common Size

Wealth Management Income Before Taxes

Wealth Management Income Before Taxes % Chg.

Wealth Management Income Before Taxes Common Size

Investment Management Income Before Taxes

Investment Management Income Before Taxes % Chg.

Investment Management Income Before Taxes Common Size

Eliminations from Income Before Taxes

Eliminations from Income Before Taxes % Chg.

Eliminations from Income Before Taxes Common Size

Total EBT

Total EBT Common Size

Total EBT % Chg.

Institutional Securities Net Interest Income

Institutional Securities Net Interest Income % Chg.

Wealth Management Net Interest Income

Wealth Management Net Interest Income % Chg.

Investment Management Net Interest Income

Investment Management Net Interest Income % Chg.

Eliminations from Net Interest Income

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Total Net Interest Income

Total Net Interest Income Common Size

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Institutional Securities Non-Interest Revenue

Institutional Securities Non-Interest Revenue % Chg.

Wealth Management Non-Interest Revenue

Wealth Management Non-Interest Revenue % Chg.

Investment Management Non-Interest Revenue

Investment Management Non-Interest Revenue % Chg.

Eliminations from Non-Interest Revenue

Eliminations from Non-Interest Revenue % Chg.

Total Non-Interest Income

Total Non-Interest Income Common Size

Total Non-Interest Income % Chg.

Non-Interest Income

Institutional Securities Revenue

Institutional Securities Revenue % Chg.

Institutional Securities Revenue Common Size

Wealth Management Revenue

Wealth Management Revenue % Chg.

Wealth Management Revenue Common Size

Investment Management Revenue

Investment Management Revenue % Chg.

Investment Management Revenue Common Size

Eliminations from Revenue

Eliminations from Revenue % Chg.

Eliminations from Revenue Common Size

Total Revenue

Total Revenue Common Size

Total Revenue % Chg.

Non-Interest Income	LTM	Dec '24	Dec '23
Institutional Securities Non-Interest Revenue	30,288	26,701	22,839
Wealth Management Non-Interest Revenue	23,115	21,107	18,150
Investment Management Non-Interest Revenue	6,564	5,983	5,499
Eliminations from Non-Interest Revenue	-732	-641	-575
Total Non-Interest Income	59,235	53,150	45,913

Net Interest Income	LTM	Dec '24	Dec '23
Institutional Securities Net Interest Income	2,128	1,379	221
Wealth Management Net Interest Income	7,688	7,313	8,118
Investment Management Net Interest Income	-116	-122	-129
Eliminations from Net Interest Income	43	41	20
Total Net Interest Income	9,743	8,611	8,230

Revenue	LTM	Dec '24	Dec '23
Institutional Securities Revenue	32,416	28,080	23,060
Wealth Management Revenue	30,803	28,420	26,268
Investment Management Revenue	6,448	5,861	5,370
Eliminations from Revenue	-689	-600	-555
Total Revenue	68,978	61,761	54,143

EBT	LTM	Dec '24	Dec '23
Institutional Securities Income Before Taxes	11,015	8,749	4,476
Wealth Management Income Before Taxes	8,703	7,740	6,530
Investment Management Income Before Taxes	1,424	1,137	842
Eliminations from Income Before Taxes	-42	-30	-35
Total EBT	21,100	17,596	11,813

Assets	LTM	Dec '24	Dec '23
Institutional Securities Assets	928,131	796,608	810,506
Wealth Management Assets	418,992	400,848	365,168
Investment Management Assets	17,683	17,615	18,019
Total Assets	5,234,043	1,215,071	1,193,693