Morgan Stanley Third Quarter 2023 Earnings Results
Morgan Stanley Reports Net Revenues of $13.3 Billion, EPS of $1.38 and ROTCE of 13.5%
NEW YORK, October 18, 2023 – Morgan Stanley (NYSE: MS) today reported net revenues of $13.3 billion for the
third quarter ended September 30, 2023 compared to $13.0 billion a year ago. Net income applicable to Morgan Stanley was $2.4 billion, or $1.38 per diluted share,
1 compared to net income of $2.6 billion, or $1.47 per diluted
share,
1
for the same period a year ago.
James P. Gorman, Chairman and Chief Executive Officer, said, “While the market environment remained mixed this
quarter, the Firm delivered solid results with an ROTCE of 13.5%. Our Equity and Fixed Income businesses navigated markets well, and both Wealth and Investment Management produced higher revenues and profits year-over-year.
We completed the integration of E*TRADE in the quarter, further executing on our strategy of building revenue synergies across channels and attracting clients to our best-in-class advice offering. Our ability to gather assets,
together with our strong capital position and leading client franchises, position us to deliver continued growth and strong shareholder returns going forward.” see & read more on
https://www.morganstanley.com/content/dam/msdotcom/en/about-us-ir/shareholder/3q2023.pdf