AI English summary of an SEC filing — figures as filed
Morgan Stanley MSThe company said net revenues for Q3 2024 were $15.4 billion, up 16% from $13.3 billion a year earlier. Net income applicable to Morgan Stanley was $3.2 billion, up 32% from a year earlier, and diluted earnings per share were $1.88, compared with $1.38 a year earlier.
Key points
AI summaryThe company said net revenues for Q3 2024 were $15.4 billion, up 16% from $13.3 billion a year earlier. Net income applicable to Morgan Stanley was $3.2 billion, up 32% from a year earlier, and diluted earnings per share were $1.88, compared with $1.38 a year earlier.
Morgan Stanley said net revenues for Q3 2024 were $6,815 million at Institutional Securities, up 20%; $7,270 million at Wealth Management, up 14%; and $1,455 million at Investment Management, up 9%.
The company said compensation and benefits expenses rose 13% from a year earlier to $6,733 million for Q3, and non-compensation expenses rose 7% to $4,350 million. It said the expense efficiency ratio was 72% for both Q3 and year-to-date.
The company said its provision for credit losses on loans and lending commitments for Q3 was $79 million, compared with $134 million a year earlier. It also said Common Equity Tier 1 capital increased by $2.1 billion, and that its Standardized Common Equity Tier 1 capital ratio as of September 30, 2024 was 15.1%.
Key figures
Quarter ended September 30, 2024
- Revenue
- $15.4B
- Net income
- $3.2B
- EPS
- $1.88
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q3 Net Revenues, Net Income and Diluted EPS
The company said net revenues for Q3 2024 were $15.4 billion, up 16% from $13.3 billion a year earlier. Net income applicable to Morgan Stanley was $3.2 billion, up 32% from a year earlier, and diluted earnings per share were $1.88, compared with $1.38 a year earlier.
Source · Based on the MD&A text of the filing
Net Revenues by Business Segment for Q3
Morgan Stanley said net revenues for Q3 2024 were $6,815 million at Institutional Securities, up 20%; $7,270 million at Wealth Management, up 14%; and $1,455 million at Investment Management, up 9%.
Source · Based on the MD&A text of the filing
Q3 Compensation, Non-compensation Expenses and Efficiency Ratio
The company said compensation and benefits expenses rose 13% from a year earlier to $6,733 million for Q3, and non-compensation expenses rose 7% to $4,350 million. It said the expense efficiency ratio was 72% for both Q3 and year-to-date.
Source · Based on the MD&A text of the filing
Q3 Credit Loss Provision and Capital Ratios
The company said its provision for credit losses on loans and lending commitments for Q3 was $79 million, compared with $134 million a year earlier. It also said Common Equity Tier 1 capital increased by $2.1 billion, and that its Standardized Common Equity Tier 1 capital ratio as of September 30, 2024 was 15.1%.
Source · Based on the MD&A text of the filing
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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