MORGAN STANLEY MS Income Statement

Morgan stanley (MS)

Income statement / TTM

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
6,192	6,163	5,955	5,887	6,090	6,482	6,542	6,355	6,092	6,003	5,832	5,677	5,371	4,933	4,866	4,954	5,344	5,594	5,740	5,978	5,997	5,948	6,051	5,660	5,330	5,246	5,126	5,118	4,919	4,758	4,370	4,249	4,840	4,991	5,701	5,891	5,276	5,122	5,034	5,021	5,207	5,020	0	0	0	0	0
Trading
10,710	11,095	10,517	10,661	11,222	11,551	12,061	12,013	11,651	11,116	11,659	11,564	11,379	10,209	8,885	8,302	8,529	10,114	10,100	10,522	10,065	9,377	9,438	9,249	9,627	9,359	9,359	7,707	7,282	6,990	6,441	10,794	11,809	12,384	12,262	8,743	8,612	9,393	9,789	11,747	10,126	7,723	0	0	0	0	0
Investments
1,305	1,540	829	878	584	437	734	765	781	820	476	396	359	160	312	106	241	541	520	777	743	836	1,247	1,837	1,798	1,777	1,558	1,120	995	742	578	-10	329	573	1,121	2,239	1,785	1,825	1,283	558	485	-1,034	0	0	0	0	0
Commissions and fees
4,313	3,919	3,981	3,923	3,983	4,190	4,208	4,213	4,201	4,061	4,040	4,094	4,087	4,109	4,161	4,285	4,423	4,554	4,694	4,703	4,683	4,713	4,644	4,599	4,678	4,629	4,511	4,420	4,243	4,253	4,350	4,838	5,081	5,343	5,475	5,067	5,092	4,913	4,882	5,058	4,723	4,233	4,094	3,966	0	0	0
Asset management
13,451	13,083	12,898	12,786	12,755	12,898	12,734	12,509	12,222	11,797	11,449	11,109	10,844	10,697	10,554	10,600	10,705	10,766	10,839	10,823	10,702	10,570	10,385	10,058	9,841	9,638	9,470	9,338	9,202	9,008	8,680	8,572	8,478	8,409	8,372	8,163	7,963	7,843	7,808	7,754	6,938	5,841	5,289	4,876	0	0	0
Other
-387	925	680	847	837	743	968	870	826	848	822	930	974	825	718	348	402	493	629	1,064	973	1,096	1,204	1,062	1,161	1,066	964	874	727	632	469	675	754	176	706	546	468	1,236	571	523	754	707	2,047	2,223	0	0	0
Total non-interest revenues
35,584	36,725	34,860	34,982	35,471	36,301	37,247	36,725	35,773	34,645	34,278	33,770	33,014	30,933	29,496	28,595	29,644	32,062	32,522	33,867	33,163	32,540	32,969	32,465	32,435	31,715	30,988	28,577	27,368	26,383	24,888	29,118	31,291	31,876	33,637	30,649	29,196	30,332	29,367	30,661	28,233	22,490	0	0	0	0	0
Interest and Dividend Income, Operating
16,311	17,098	17,257	16,534	15,322	13,892	12,367	11,080	9,892	8,997	8,279	7,673	7,234	7,016	6,662	6,379	6,098	5,835	5,757	5,690	5,554	5,413	5,269	5,146	5,164	5,209	5,365	5,483	5,538	5,692	5,905	6,279	6,917	7,234	7,544	7,642	7,428	7,305	7,067	7,067	6,968	7,477	15,370	22,715	0	0	0
Interest Expense
11,275	12,404	13,007	12,566	11,477	10,086	8,555	7,421	6,388	5,697	5,091	4,265	3,664	3,318	2,810	2,768	2,702	2,742	3,098	3,236	3,531	3,678	3,855	4,179	4,260	4,431	4,700	5,083	5,502	5,897	6,011	6,085	6,631	6,883	7,175	7,315	6,892	6,407	5,901	5,507	5,746	6,687	0	0	0	0	0
Net interest
5,036	4,694	4,250	3,968	3,845	3,806	3,812	3,659	3,504	3,300	3,188	3,408	3,570	3,698	3,852	3,611	3,396	3,093	2,659	2,454	2,023	1,735	1,414	967	904	778	665	400	36	-205	-106	194	286	351	369	327	536	898	1,166	1,560	1,222	790	0	0	0	0	0
Net revenues
40,620	41,419	39,110	38,950	39,316	40,107	41,059	40,384	39,277	37,945	37,466	37,178	36,584	34,631	33,348	32,206	33,040	35,155	35,181	36,321	35,186	34,275	34,383	33,432	33,339	32,493	31,653	28,977	27,404	26,178	24,782	29,312	31,577	32,227	34,006	30,976	29,732	31,230	30,533	32,221	29,455	23,280	34,573	32,216	0	0	0
Non-interest expenses
Compensation and benefits
18,469	18,837	17,396	17,279	17,369	17,632	18,124	17,983	17,614	17,166	16,970	16,898	16,661	15,878	15,445	14,785	15,175	16,016	17,470	18,247	18,042	17,824	16,714	16,466	16,369	16,277	15,909	15,871	15,399	15,615	15,769	15,479	16,470	16,325	16,424	16,471	15,735	15,866	15,641	16,852	16,769	14,331	0	0	0	0	0
Brokerage, clearing and exchange fees
2,640	2,493	2,458	2,380	2,359	2,393	2,332	2,295	2,211	2,093	2,036	2,005	1,964	1,920	1,897	1,891	1,894	1,892	1,903	1,855	1,826	1,806	1,749	1,728	1,726	1,711	1,668	1,611	1,560	1,535	1,546	1,630	1,635	1,633	1,619	1,508	1,469	1,416	1,441	1,394	1,290	1,190	0	0	0	0	0
Information processing and communications
2,225	2,194	2,156	2,112	2,070	2,016	1,958	1,904	1,841	1,791	1,780	1,777	1,773	1,787	1,794	1,785	1,794	1,767	1,704	1,653	1,626	1,635	1,677	1,685	1,744	1,768	1,795	1,884	1,901	1,912	1,907	1,870	1,827	1,808	1,762	1,718	1,690	1,645	1,635	1,579	1,476	1,363	0	0	0	0	0
Professional services
2,072	2,137	2,187	2,226	2,269	2,265	2,207	2,171	2,152	2,169	2,200	2,155	2,141	2,128	2,188	2,275	2,326	2,298	2,271	2,217	2,150	2,117	2,054	1,980	1,907	1,894	1,903	1,931	1,950	1,922	1,848	1,812	1,802	1,793	1,767	1,787	1,816	1,808	1,860	1,781	1,669	1,577	0	0	0	0	0
Occupancy and equipment
1,446	1,428	1,411	1,409	1,402	1,391	1,372	1,351	1,338	1,329	1,301	1,310	1,306	1,308	1,345	1,347	1,369	1,382	1,398	1,407	1,414	1,433	1,443	1,467	1,483	1,499	1,516	1,528	1,532	1,543	1,522	1,518	1,535	1,544	1,528	1,545	1,551	1,544	1,601	1,621	1,593	1,540	0	0	0	0	0
Marketing and business development
651	660	680	675	692	691	661	637	613	609	588	590	589	587	612	640	665	681	673	675	661	658	662	653	651	638	610	597	589	601	597	602	598	594	586	577	579	571	573	557	524	500	0	0	0	0	0
Other
2,625	2,369	2,397	2,303	2,383	2,482	2,554	2,561	2,493	2,385	2,413	2,366	2,232	2,175	2,026	2,349	2,439	2,624	5,637	5,396	5,391	5,211	3,748	3,972	4,114	4,148	2,568	2,719	2,496	2,454	2,383	2,023	2,299	2,420	2,585	2,519	2,308	2,182	1,912	1,875	1,859	1,649	0	0	0	0	0
Total non-interest expenses
30,128	30,118	28,685	28,384	28,544	28,870	29,208	28,902	28,262	27,542	27,288	27,101	26,666	25,783	25,307	25,072	25,662	26,660	31,056	31,450	31,110	30,684	28,047	27,951	27,994	27,935	25,969	26,141	25,427	25,582	25,572	24,934	26,166	26,117	26,271	26,125	25,148	25,032	24,663	25,659	25,180	22,150	0	0	0	0	0
Income before provision for income taxes
10,492	11,301	10,425	10,566	10,772	11,237	11,851	11,482	11,015	10,403	10,178	10,077	9,918	8,848	8,041	7,134	7,378	8,495	4,125	4,871	4,076	3,591	6,336	5,481	5,345	4,558	5,684	2,836	1,977	596	-790	4,378	5,411	6,110	7,735	4,851	4,584	6,198	5,870	6,562	4,275	1,130	10,960	10,353	0	0	0
Provision for income taxes
1,943	2,064	1,936	2,140	2,123	2,350	3,860	3,861	4,067	4,168	2,924	2,976	2,963	2,726	2,656	2,330	2,391	2,200	351	391	-488	-90	895	795	1,354	902	1,356	468	118	-161	-542	1,398	1,712	1,414	1,799	361	63	743	749	1,293	734	-297	0	0	0	0	0
Income from continuing operations
-	-	8,489	8,426	-	8,887	7,991	7,621	6,948	6,235	7,254	7,101	6,955	6,122	5,385	4,804	4,987	6,295	3,774	4,480	4,564	3,681	5,441	4,686	3,991	3,656	4,328	2,368	1,859	757	-248	2,980	3,699	4,696	5,936	4,490	4,521	5,455	5,121	5,269	3,541	1,427	0	0	0	0	0
Income (loss) from discontinued operations before income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-23	-1	-44	-72	-177	-202	-106	-48	-46	-40	-114	-170	-64	-207	681	610	558	428	42	-114	703	1,742	0	0	0
Provision for (benefit from) income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-4	-3	-17	-29	-77	-88	-60	-7	-38	-53	-64	-119	-23	40	381	363	273	139	-24	-93	0	0	0	0	0
Income (loss) from discontinued operations, net of income taxes
-	-	1	0	-	-4	-3	4	1	-19	-21	-19	-18	1	-6	-16	-14	-16	-17	-20	-18	-14	-15	6	-25	-43	-100	-114	-46	-41	-8	13	-50	-51	-41	-247	300	247	285	289	66	-21	0	0	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
8,549	9,237	8,490	8,426	8,647	8,883	7,988	7,625	6,949	6,216	7,233	7,082	6,937	6,123	5,379	4,788	4,973	6,279	3,757	4,460	4,546	3,667	5,426	4,692	3,966	3,613	4,228	2,254	1,813	716	-256	2,993	3,649	4,645	5,895	4,243	4,821	5,702	5,406	5,558	3,607	1,406	0	0	0	0	0
Net income applicable to redeemable noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	338	346	246	124	8	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net income applicable to noncontrolling interests
238	195	156	153	138	135	128	96	100	105	99	132	162	144	158	146	106	152	168	196	190	200	245	298	391	459	448	395	443	524	512	547	601	535	699	1,115	926	999	922	448	308	60	-73	-93	0	0	0
Net Income (Loss) Attributable to Parent
8,311	9,042	8,334	8,273	8,509	8,748	7,860	7,529	6,849	6,111	7,134	6,950	6,775	5,979	5,221	4,642	4,867	6,127	3,589	4,264	4,356	3,467	5,181	4,394	3,475	2,932	3,442	1,513	1,124	68	-776	2,446	3,048	4,110	5,196	3,128	3,895	4,703	4,484	5,110	3,299	1,346	0	0	0	0	0
Preferred stock dividends
545	530	546	526	526	526	526	526	526	523	509	495	482	471	470	470	455	456	417	402	339	315	247	209	307	277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings applicable to Morgan Stanley common shareholders
7,766	8,512	7,788	7,747	7,983	8,222	7,334	7,003	6,323	5,588	6,625	6,455	6,293	5,508	4,751	4,172	4,412	5,671	3,172	3,862	4,017	3,152	4,934	4,185	3,168	2,655	3,191	1,264	1,025	-30	-866	2,334	1,212	2,067	3,027	783	2,919	3,594	3,327	3,916	1,082	-907	0	0	0	0	0
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3,545	1,647	1,198	138	-740	2,446	3,105	4,168	5,255	3,391	3,609	4,469	4,199	4,821	3,244	1,383	0	0	0	0	0
Income (loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-103	-134	-74	-70	-36	0	-57	-58	-59	-263	286	234	285	289	55	-37	0	0	0	0	0
Net income applicable to Morgan Stanley
8,311	9,042	8,334	8,273	8,509	8,748	7,860	7,529	6,849	6,111	7,065	6,866	0	-	0	0	-	-	-	-	-	-	0	0	0	-	3,442	1,513	1,124	68	-776	2,446	3,048	4,110	5,196	3,128	3,895	4,703	4,484	5,110	3,299	1,346	0	0	0	0	0
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