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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Investment banking $ 10,994 $ 7,674 $ 6,163
Trading 12,810 13,983 11,274
Investments 1,376 986 1,540
Commissions and fees 5,521 4,851 3,919
Asset management 19,967 14,272 13,083
Other 1,042 678 865
Total non-interest revenues 51,710 42,444 36,844
Interest income 9,411 10,162 17,098
Interest expense 1,366 3,849 12,404
Net interest 8,045 6,313 4,694
Net revenues 59,755 48,757 41,538
Provision for credit losses 4 761 161
Non-interest expenses      
Compensation and benefits 24,628 20,854 18,837
Brokerage, clearing and exchange fees 3,341 2,929 2,493
Information processing and communications 3,119 2,465 2,194
Professional services 2,933 2,205 2,137
Occupancy and equipment 1,725 1,559 1,428
Marketing and business development 643 434 660
Other 3,694 3,132 2,327
Total non-interest expenses 40,083 33,578 30,076
Income before provision for income taxes 19,668 14,418 11,301
Provision for income taxes 4,548 3,239 2,064
Net income 15,120 11,179 9,237
Net income applicable to noncontrolling interests 86 183 195
Net income applicable to Morgan Stanley 15,034 10,996 9,042
Preferred stock dividends 468 496 530
Earnings applicable to Morgan Stanley common shareholders $ 14,566 $ 10,500 $ 8,512
Earnings per common share      
Earnings per common share - basic (in dollars per share) $ 8.16 $ 6.55 $ 5.26
Earnings per common share - diluted (in dollars per share) $ 8.03 $ 6.46 $ 5.19
Average common shares outstanding      
Basic (in shares) 1,785 1,603 1,617
Diluted (in shares) 1,814 1,624 1,640