MORGAN STANLEY MS Income Statement

Morgan stanley (MS)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenues
Investment banking
1,271	1,696	1,635	1,590	1,242	1,488	1,567	1,793	1,634	1,548	1,380	1,530	1,545	1,377	1,225	1,224	1,107	1,310	1,313	1,614	1,357	1,456	1,551	1,633	1,308	1,559	1,160	1,303	1,224	1,439	1,152	1,104	1,063	1,051	1,031	1,695	1,214	1,761	1,221	1,080	1,060	1,673	1,208	1,266	873	1,025	1,288
Trading
3,056	2,314	2,608	2,732	3,441	1,736	2,752	3,293	3,770	2,246	2,704	2,931	3,235	2,789	2,609	2,746	2,065	1,465	2,026	2,973	3,650	1,451	2,448	2,516	2,962	1,512	2,259	2,894	2,694	1,512	607	2,469	2,402	963	4,960	3,484	2,977	841	1,441	3,353	3,758	1,237	3,399	1,732	1,355	13,185	2,094
Investments
38	739	87	441	273	28	136	147	126	325	167	163	165	-19	87	126	-34	133	-119	261	266	112	138	227	359	523	728	188	338	304	290	63	85	140	-298	402	329	688	820	-52	369	146	95	-125	-1,150	-733	-308
Commissions and fees
1,360	984	990	979	966	1,046	932	1,039	1,173	1,064	937	1,027	1,033	1,043	991	1,020	1,055	1,095	1,115	1,158	1,186	1,235	1,124	1,138	1,216	1,166	1,079	1,217	1,167	1,048	988	1,040	1,177	1,145	1,476	1,283	1,439	1,277	1,068	1,308	1,260	1,246	1,244	973	770	1,107	1,116
Asset management
3,417	3,451	3,363	3,220	3,049	3,266	3,251	3,189	3,192	3,102	3,026	2,902	2,767	2,754	2,686	2,637	2,620	2,611	2,732	2,742	2,681	2,684	2,716	2,621	2,549	2,499	2,389	2,404	2,346	2,331	2,257	2,268	2,152	2,003	2,149	2,174	2,083	1,966	1,940	1,974	1,963	1,931	1,886	1,158	866	1,379	1,473
Other
-1,011	240	131	253	301	-5	298	243	207	220	200	199	229	194	308	243	80	87	-62	297	171	223	373	206	294	331	231	305	199	229	141	158	104	66	347	237	-474	596	187	159	294	-69	139	390	247	1,271	315
Total non-interest revenues
8,131	9,424	8,814	9,215	9,272	7,559	8,936	9,704	10,102	8,505	8,414	8,752	8,974	8,138	7,906	7,996	6,893	6,701	7,005	9,045	9,311	7,161	8,350	8,341	8,688	7,590	7,846	8,311	7,968	6,863	5,435	7,102	6,983	5,368	9,665	9,275	7,568	7,129	6,677	7,822	8,704	6,164	7,971	5,394	2,961	17,234	5,978
Interest and Dividend Income, Operating
3,503	3,952	4,350	4,506	4,290	4,111	3,627	3,294	2,860	2,586	2,340	2,106	1,965	1,868	1,734	1,667	1,747	1,514	1,451	1,386	1,484	1,436	1,384	1,250	1,343	1,292	1,261	1,268	1,388	1,448	1,379	1,323	1,542	1,661	1,753	1,961	1,859	1,971	1,851	1,747	1,736	1,733	1,851	1,648	2,245	9,626	9,196
Interest Expense
2,147	2,519	3,132	3,477	3,276	3,122	2,691	2,388	1,885	1,591	1,557	1,355	1,194	985	731	754	848	477	689	688	888	833	827	983	1,035	1,010	1,151	1,064	1,206	1,279	1,534	1,483	1,601	1,393	1,608	2,029	1,853	1,685	1,748	1,606	1,368	1,179	1,354	1,845	2,309	8,849	9,063
Net interest
1,356	1,433	1,218	1,029	1,014	989	936	906	975	995	783	751	771	883	1,003	913	899	1,037	762	698	596	603	557	267	308	282	110	204	182	169	-155	-160	-59	268	145	-68	6	286	103	141	368	554	497	-197	-64	777	133
Net revenues
9,487	10,857	10,032	10,244	10,286	8,548	9,872	10,610	11,077	9,500	9,197	9,503	9,745	9,021	8,909	8,909	7,792	7,738	7,767	9,743	9,907	7,764	8,907	8,608	8,996	7,872	7,956	8,515	8,150	7,032	5,280	6,942	6,924	5,636	9,810	9,207	7,574	7,415	6,780	7,963	9,072	6,718	8,468	5,197	2,897	18,011	6,111
Non-interest expenses
Compensation and benefits
4,283	5,228	4,427	4,531	4,651	3,787	4,310	4,621	4,914	4,279	4,169	4,252	4,466	4,083	4,097	4,015	3,683	3,650	3,437	4,405	4,524	5,104	4,214	4,200	4,306	3,994	3,966	4,103	4,214	3,626	3,928	3,631	4,430	3,780	3,638	4,622	4,285	3,879	3,685	3,886	4,416	3,654	4,896	3,803	1,978	5,059	3,108
Brokerage, clearing and exchange fees
740	633	637	630	593	598	559	609	627	537	522	525	509	480	491	484	465	457	485	487	463	468	437	458	443	411	416	456	428	368	359	405	403	379	443	410	401	365	332	371	348	390	285	267	248	394	421
Information processing and communications
563	567	557	538	532	529	513	496	478	471	459	433	428	460	456	429	442	467	447	438	415	404	396	411	424	446	404	470	448	473	493	487	459	468	456	444	440	422	412	416	395	412	356	313	282	298	300
Professional services
449	555	531	537	514	605	570	580	510	547	534	561	527	578	489	547	514	638	576	598	486	611	522	531	453	548	448	458	440	557	476	477	412	483	440	467	403	457	460	496	395	509	381	384	303	401	487
Occupancy and equipment
365	375	353	353	347	358	351	346	336	339	330	333	327	311	339	329	329	348	341	351	342	364	350	358	361	374	374	374	377	391	386	378	388	370	382	395	397	354	399	401	390	411	419	373	337	316	325
Marketing and business development
132	200	157	162	141	220	152	179	140	190	128	155	136	169	130	154	134	194	158	179	150	186	160	165	147	190	151	163	134	162	138	155	146	158	143	151	142	150	134	153	134	152	118	120	110	166	196
Other
809	566	660	590	553	594	566	670	652	666	573	602	544	694	526	468	487	545	849	558	672	3,558	608	553	492	2,095	832	695	526	515	983	472	484	444	623	748	605	609	557	537	479	339	520	521	269	696	388
Total non-interest expenses
7,341	8,124	7,322	7,341	7,331	6,691	7,021	7,501	7,657	7,029	6,715	6,861	6,937	6,775	6,528	6,426	6,054	6,299	6,293	7,016	7,052	10,695	6,687	6,676	6,626	8,058	6,591	6,719	6,567	6,092	6,763	6,005	6,722	6,082	6,125	7,237	6,673	6,236	5,979	6,260	6,557	5,867	6,975	5,781	3,527	7,330	5,225
Income before provision for income taxes
2,146	2,733	2,710	2,903	2,955	1,857	2,851	3,109	3,420	2,471	2,482	2,642	2,808	2,246	2,381	2,483	1,738	1,439	1,474	2,727	2,855	-2,931	2,220	1,932	2,370	-186	1,365	1,796	1,583	940	-1,483	937	202	-446	3,685	1,970	901	1,179	801	1,703	2,515	851	1,493	-584	-630	10,681	886
Provision for income taxes
366	428	492	657	487	300	696	640	714	1,810	697	846	815	566	749	833	578	496	423	894	387	-1,353	463	15	785	-368	363	574	333	86	-525	224	54	-295	1,415	538	-244	90	-23	240	436	96	521	-319	-595	2,974	192
Income from continuing operations
-	-	2,218	2,246	-	1,557	2,155	2,469	2,706	661	1,785	1,796	1,993	1,680	1,632	1,650	1,160	943	1,051	1,833	2,468	-1,578	1,757	1,917	1,585	182	1,002	1,222	1,250	854	-958	713	148	-151	2,270	1,432	1,145	1,089	824	1,463	2,079	755	972	-265	-35	7,707	694
Income (loss) from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8	-	-8	-1	-2	-12	14	-44	-30	-117	-11	52	28	-115	-5	-22	-28	-9	-148	866	-99	-61	-278	480	-255	756	761
Provision for (benefit from) income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-	-3	1	1	-3	-2	-13	-11	-51	-13	15	42	-82	-28	4	-13	14	35	345	-31	-76	-99	182	-100	292	296
Income (loss) from discontinued operations, net of income taxes
-	-	0	0	-	1	-1	-2	-2	2	6	-5	-22	0	8	-4	-3	-7	-2	-2	-5	-8	-5	0	-1	-9	16	-31	-19	-66	2	37	-14	-33	23	-26	-15	-23	-183	521	-68	15	-179	298	-155	464	465
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
1,780	2,305	2,218	2,246	2,468	1,558	2,154	2,467	2,704	663	1,791	1,791	1,971	1,680	1,640	1,646	1,157	936	1,049	1,831	2,463	-1,586	1,752	1,917	1,584	173	1,018	1,191	1,231	788	-956	750	134	-184	2,293	1,406	1,130	1,066	641	1,984	2,011	770	793	33	-190	8,171	1,159
Net income applicable to redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	122	116	8	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income applicable to noncontrolling interests
82	66	45	45	39	27	42	30	36	20	10	34	41	14	43	64	23	28	31	24	69	44	59	18	79	89	112	111	147	78	59	159	228	66	94	213	162	230	510	24	235	153	36	-116	-13	20	16
Net Income (Loss) Attributable to Parent
1,698	2,239	2,173	2,201	2,429	1,531	2,112	2,437	2,668	643	1,781	1,757	1,930	1,666	1,597	1,582	1,134	908	1,018	1,807	2,394	-1,630	1,693	1,899	1,505	84	906	980	962	594	-1,023	591	-94	-250	2,199	1,193	968	836	131	1,960	1,776	617	757	149	-177	8,151	1,143
Preferred stock dividends
108	154	113	170	93	170	93	170	93	170	93	170	90	156	79	157	79	155	79	142	80	116	64	79	56	48	26	177	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings applicable to Morgan Stanley common shareholders
1,590	2,085	2,060	2,031	2,336	1,361	2,019	2,267	2,575	473	1,688	1,587	1,840	1,510	1,518	1,425	1,055	753	939	1,665	2,314	-1,746	1,629	1,820	1,449	36	880	803	936	572	-1,047	564	-119	-264	2,153	-558	736	696	-91	1,578	1,411	429	498	-1,256	-578	7,684	1,062
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,506	-	890	1,011	981	663	-1,008	562	-79	-215	2,178	1,221	984	872	314	1,439	1,844	602	936	-138	-17	7,700	689
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-	16	-31	-19	-69	-15	29	-15	-35	21	-28	-16	-36	-183	521	-68	15	-179	287	-160	451	454
Net income applicable to Morgan Stanley
1,698	2,239	2,173	2,201	2,429	1,531	2,112	2,437	2,668	643	1,781	1,757	1,930	-	1,597	1,582	-	-	-	-	-	-	1,693	1,899	1,505	-	906	980	962	594	-1,023	591	-94	-250	2,199	1,193	968	836	131	1,960	1,776	617	757	149	-177	8,151	1,143
Earnings Per Share, Basic [Abstract]
Income from continuing operations (USD per share)
-	-	-	-	-	0.81	-	-	-	0.28	0.95	0.89	1.03	0.83	0.82	0.77	0.56	0.41	0.49	0.87	1.21	-0.89	0.85	0.94	0.75	0.03	0.45	0.44	0.50	0.34	-0.55	0.28	-0.05	-0.03	1.15	-0.36	0.52	0.45	0.07	0.84	1.12	0.53	0.51	-1.36	-0.41	6.97	0.61
Income (loss) from discontinued operations (USD per share)
-	-	-	-	-	0.00	-	-	-	0.00	0.00	0.00	-0.01	0.00	0.01	-0.01	0.00	0.00	0.00	0.00	-0.01	-0.01	0.00	0.00	0.00	-0.01	0.01	-0.02	-0.01	-0.05	0.00	0.02	-0.01	-0.01	0.01	-0.02	-0.01	-0.01	-0.14	0.36	-0.05	-0.02	-0.12	0.26	-0.16	0.41	0.41
Basic (USD per share)
1.02	1.33	1.28	1.24	1.41	0.81	1.19	1.32	1.48	0.28	0.95	0.89	1.02	0.83	0.83	0.76	0.56	0.41	0.49	0.87	1.20	-0.90	0.85	0.94	0.75	0.02	0.46	0.42	0.49	0.29	-0.55	0.30	-0.06	-0.04	1.16	-0.38	0.51	0.44	-0.07	1.20	1.07	0.51	0.39	-1.10	-0.57	7.38	1.02
Earnings Per Share, Diluted [Abstract]
Income from continuing operations (USD per share)
-	-	-	-	-	0.80	-	-	-	0.27	0.93	0.87	1.01	0.82	0.80	0.75	0.55	0.40	0.48	0.85	1.18	-0.88	0.83	0.92	0.74	0.02	0.44	0.43	0.49	0.34	-0.55	0.28	-0.05	-0.02	1.14	-0.36	0.51	0.57	0.05	0.80	1.03	0.54	0.50	-1.36	-0.41	6.97	0.61
Income (loss) from discontinued operations (USD per share)
-	-	-	-	-	0.00	-	-	-	0.00	0.00	0.00	-0.01	-0.01	0.01	0.00	0.00	-0.01	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	0.00	0.01	-0.02	-0.01	-0.04	0.00	0.01	-0.01	-0.02	0.01	-0.02	-0.01	0.05	-0.12	0.29	-0.04	-0.02	-0.12	0.26	-0.16	0.41	0.41
Diluted (USD per share)
1.01	1.30	1.27	1.23	1.39	0.80	1.17	1.30	1.45	0.27	0.93	0.87	1.00	0.81	0.81	0.75	0.55	0.39	0.48	0.85	1.18	-0.89	0.83	0.92	0.74	0.02	0.45	0.41	0.48	0.30	-0.55	0.29	-0.06	-0.04	1.15	-0.38	0.50	0.62	-0.07	1.09	0.99	0.52	0.38	-1.10	-0.57	7.38	1.02
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.25	0.20	0.20	-	0.20	0.15	0.15	0.15	0.15	0.15	0.10	0.10	0.10	0.10	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.05	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Average common shares outstanding
Basic (shares)
1,555	1,572	1,604	1,634	1,658	1,675	1,697	1,720	1,740	1,752	1,776	1,791	1,801	1,809	1,838	1,866	1,883	1,888	1,904	1,919	1,924	1,920	1,922	1,928	1,924	1,905	1,909	1,907	1,901	1,891	1,889	1,885	1,876	1,850	1,848	1,464	1,456	1,437	1,377	1,317	1,314	1,297	1,294	1,138	1,011	1,040	1,041
Diluted (shares)
1,573	1,601	1,627	1,655	1,677	1,706	1,727	1,748	1,771	1,794	1,818	1,830	1,842	1,855	1,879	1,899	1,915	1,940	1,949	1,960	1,962	1,973	1,970	1,969	1,969	1,969	1,964	1,951	1,940	1,997	1,889	1,911	1,876	1,895	1,868	1,464	1,472	827	1,443	1,748	1,626	1,291	1,300	1,138	1,011	1,041	1,044