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AI English summary of an SEC filing — figures as filed

Morgan Stanley logoMorgan Stanley MS

The company said it will raise its quarterly common stock dividend from the current $0.85 per share to $0.925 per share, starting with the dividend expected to be declared by its Board of Directors for Q3 2024.

8-KOther EventsFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said it will raise its quarterly common stock dividend from the current $0.85 per share to $0.925 per share, starting with the dividend expected to be declared by its Board of Directors for Q3 2024.

  2. The company said its Board reauthorized a multi-year common equity share repurchase program of up to $20 billion, starting in Q3, with no set expiration date.

  3. The company said it will execute share repurchases from time to time at prices it deems appropriate, taking into account current market conditions, its capital position, and its future economic and earnings outlook.

  4. The company said it expects to be subject to a Stress Capital Buffer of 6.0% from October 1, 2024 to September 30, 2025, based on the Federal Reserve's 2024 stress test results, and that its U.S. Basel III Standardized Approach CET1 ratio was 15.0% as of March 31, 2024.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Quarterly Common Stock Dividend Increase

The company said it will raise its quarterly common stock dividend from the current $0.85 per share to $0.925 per share, starting with the dividend expected to be declared by its Board of Directors for Q3 2024.

Source · Based on the filing body and exhibits

Board Reauthorizes Up to $20 billion Share Repurchase Program

The company said its Board reauthorized a multi-year common equity share repurchase program of up to $20 billion, starting in Q3, with no set expiration date.

Source · Based on the filing body and exhibits

Conditions for Share Repurchases

The company said it will execute share repurchases from time to time at prices it deems appropriate, taking into account current market conditions, its capital position, and its future economic and earnings outlook.

Source · Based on the filing body and exhibits

Stress Capital Buffer of 6.0% and CET1 Ratio

The company said it expects to be subject to a Stress Capital Buffer of 6.0% from October 1, 2024 to September 30, 2025, based on the Federal Reserve's 2024 stress test results, and that its U.S. Basel III Standardized Approach CET1 ratio was 15.0% as of March 31, 2024.

Source · Based on the filing body and exhibits

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.