The company said net revenues for Q4 2023 were $12.9 billion ($12.7 billion a year earlier), and net income applicable to Morgan Stanley was $1.5 billion ($0.85 per diluted share). Full-year net revenues were $54.1 billion, and net income was $9.1 billion ($5.18 per diluted share).

1. 01

   The company said net revenues for Q4 2023 were $12.9 billion ($12.7 billion a year earlier), and net income applicable to Morgan Stanley was $1.5 billion ($0.85 per diluted share). Full-year net revenues were $54.1 billion, and net income was $9.1 billion ($5.18 per diluted share).

2. 02

   Morgan Stanley said pre-tax income for Q4 included $535 million in charges, or $0.28 per diluted share. The charges consisted of an FDIC special assessment of $286 million and legal expenses related to a specific matter of $249 million.

3. 03

   The company said full-year net revenues were $23.1 billion at Institutional Securities ($24.4 billion a year earlier), $26.3 billion at Wealth Management ($24.4 billion a year earlier) and $5.4 billion at Investment Management. Wealth Management's full-year pre-tax margin was 24.9%.

4. 04

   The company said it repurchased $1.3 billion of common stock in Q4 and $5.3 billion for the full year 2023 under its Share Repurchase Program. The Board declared a quarterly dividend of $0.85 per share, payable on February 15, 2024.

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.

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

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