Summary

• Page properties (1 modified, 0 added, 0 removed)

Details

Page properties

Content

...	...	@@ -2,7 +2,7 @@
2	2	{{toc/}}
3	3	{{/box}}
4	4
5		-= Summary =
	5	+= Summary =
6	6
7	7
8	8	= Brief Company Overview =
...	...	@@ -11,13 +11,13 @@
11	11
12	12	Morgan Stanley currently employs more than 75,000 employees around the globe in offices in 41 countries as of December 31, 2021. The company has its presence in the Americas, Asia-Pacific, Europe, Middle East & Africa, and Japan. The company has three reportable business segments - Institutional Securities, Wealth Management, and Investment Management.
13	13
14		-Recently, Morgan Stanley has completed acquiring E*Trade in October 2020 for $13.00 billion. On March 1, 2021, the company has completed acquisition of Eaton Vance Corp.{{footnote}}https://tracxn.com/d/acquisitions/acquisitionsbyMorgan-Stanley#{{/footnote}}
	14	+Recently, Morgan Stanley has completed acquiring E*Trade in October 2020 for $13.00 billion. On March 1, 2021, the company has completed acquisition of Eaton Vance Corp.{{footnote}}https://tracxn.com/d/acquisitions/acquisitionsbyMorgan-Stanley#{{/footnote}} The company also acquired Smith Barney, Mesa West, and Solium. Morgan Stanley took exit from Saxon, Heidmar, TransMontaigne, Discover, and MSCI.
15	15
16		-James Patrick Gorman is the Chairman & CEO of Morgan Stanley. The company has released its 2022 financial results reporting $53.7 billion in revenue, earnings per share (EPS) $6.15 and return on total capital employed 15.3%.
	16	+James Patrick Gorman is the Chairman & CEO of Morgan Stanley. The company has released its 2022 financial results reporting $53.7 billion in revenue, earnings per share (EPS) $6.15 and return on total capital employed 15.3%. Dividend yield of the company during 2022 has been equivalent to 3% and share buybacks executed by the company during the year is equivalent to $10 billion.
17	17
18	18	= Financial Highlights =
19	19
20		-== Q4'22 Highlights ==
	20	+== Q4'22 Highlights ==
21	21
22	22	Morgan Stanley has reported net revenues of $12.7 billion for the fourth quarter ended December 31, 2022 compared with $14.5 billion a year ago. Net income applicable to Morgan Stanley was $2.2 billion, or $1.26 per diluted share, compared with $3.7 billion, or $2.01 per diluted share, for the same period a year ago. The fourth quarter of 2022 was impacted by severance costs of $133 million associated with a December employee action, partially offset by a net discrete tax benefit of $89 million.
23	23
...	...	@@ -41,15 +41,19 @@
41	41
42	42	The current TTM dividend payout for Morgan Stanley (MS) as of February 10, 2023 is $3.10.{{footnote}}https://www.macrotrends.net/stocks/charts/MS/morgan-stanley/dividend-yield-history{{/footnote}}
43	43
44		-= Business Overview =
	44	+= Business Overview =
45	45
46	46	Morgan Stanley is an investment management and financial services firm with its presence all over the world. The company was established in 1935 as an effort to separate investment banking business from normal commercial banking business after the Glass-Steagall Act was enacted in 1933 followed by the great depression. The formation of the company was executed by the partners of then J.P. Morgan & Co. With the reputation and business dynamics of J.P. Morgan, Morgan Stanley was able to grab a 24% market share in the first year of its operation.
47	47
48	48	The company has three reportable segments - Institutional Securities, Wealth Management, and Investment Management. Substantially all of the operating revenues and operating expenses of the company are directly attributable to those business segments.
49	49
	50	+Institutional Securities segment includes the services such as equity financing, equity execution services and fixed incomes from investments and other sources. Under this segment, the company reports Investment Banking revenues. The company works as advisor, underwriter, and distributor of capital for the clients. The revenue from this segment is generated from fees earned from underwriting equity and fixed income securities, syndicating loans and advisory services in relation to mergers and acquisitions, divestitures and corporate restructurings.
50	50
51	51
52	52
	54	+Wealth Management segment includes revenues from the distribution of newly issued securities.
53	53
54	54
	57	+
	58	+
55	55	{{putFootnotes/}}