Acquisitions (Tables)

3 Months Ended

Mar. 31, 2021

Business Combinations [Abstract]

Schedule of Preliminary Purchase Price Allocation

Preliminary Eaton Vance Purchase Price Allocation1

$ in millions	At March 1, 2021
Assets
Cash and cash equivalents	$	691
Trading assets at fair value:
Loans and lending commitments	445
Investments	299
Corporate and other debt	52
Customer and other receivables	331
Goodwill	5,270
Intangible assets	3,956
Other assets	836
Total assets	$	11,880
Liabilities
Other secured financings	$	399
Other liabilities and accrued expenses	2,147
Borrowings	678
Total liabilities	$	3,224

1.Due to the limited time since the date of the acquisition, the purchase price allocation remains preliminary.

Schedule of Acquired Intangible Assets

Acquired Intangible Assets

$ in millions	Weighted average life (years)	At March 1, 2021
Non-amortizable
Management contracts	indefinite	$	2,120
Amortizable
Customer relationships	16	1,455
Tradenames	23	221
Management contracts	16	160
Total acquired Intangible assets		$	3,956

Schedule of Proforma Combined Financial Information (Unaudited)

Morgan Stanley and Eaton Vance Proforma Combined Financial Information

	Three Months Ended March 31,
$ in millions	2021		2020
Net revenues	$	16,015	$	10,165
Net income	4,268		1,409