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Segment, Geographic and Revenue Information (Tables)
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Schedule of Selected Financial Information by Business Segment
Selected Financial Information by Business Segment
 
Three Months Ended March 31, 2022
$ in millions
IS
WM
IM
I/E
Total
Investment banking
$1,634 $143 $— $(19)$1,758 
Trading4,205 (231)(9)18 3,983 
Investments
99 12 (36)— 75 
Commissions and fees1
774 723 — (81)1,416 
Asset management1,2
147 3,626 1,388 (42)5,119 
Other117 122 (2)(3)234 
Total non-interest revenues6,976 4,395 1,341 (127)12,585 
Interest income
1,062 1,637 7 (56)2,650 
Interest expense
381 97 13 (57)434 
Net interest
681 1,540 (6)1 2,216 
Net revenues
$7,657 $5,935 $1,335 $(126)$14,801 
Provision for credit losses$44 $13 $— $— $57 
Compensation and benefits2,604 3,125 545 — 6,274 
Non-compensation expenses2,222 1,224 562 (126)3,882 
Total non-interest expenses$4,826 $4,349 $1,107 $(126)$10,156 
Income before provision for income taxes$2,787 $1,573 $228 $— $4,588 
Provision for income taxes535 301 37 — 873 
Net income
2,252 1,272 191 — 3,715 
Net income applicable to noncontrolling interests61 — (12)— 49 
Net income applicable to Morgan Stanley$2,191 $1,272 $203 $— $3,666 
 
Three Months Ended March 31, 2021
$ in millions
IS
WM
IM
I/E
Total
Investment banking
$2,613 $251 $— $(24)$2,840 
Trading4,073 126 3 23 4,225 
Investments
86 2 230 — 318 
Commissions and fees1
870 851 — (95)1,626 
Asset management1,2
139 3,191 1,103 (35)4,398 
Other158 153 (24)(3)284 
Total non-interest revenues7,939 4,574 1,312 (134)13,691 
Interest income970 1,486 8 (27)2,437 
Interest expense332 101 6 (30)409 
Net interest638 1,385 2 3 2,028 
Net revenues$8,577 $5,959 $1,314 $(131)$15,719 
Provision for credit losses$(93)$(5)$— $— $(98)
Compensation and benefits3,114 3,170 514 — 6,798 
Non-compensation expenses2,185 1,194 430 (134)3,675 
Total non-interest expenses$5,299 $4,364 $944 $(134)$10,473 
Income before provision for income taxes$3,371 $1,600 $370 $3 $5,344 
Provision for income taxes736 358 81 1 1,176 
Net income
2,635 1,242 289 2 4,168 
Net income applicable to noncontrolling interests34 — 14 — 48 
Net income applicable to Morgan Stanley$2,601 $1,242 $275 $2 $4,120 
1.Substantially all revenues are from contracts with customers.
2.Includes certain fees that may relate to services performed in prior periods.
Schedule of Investment Banking Revenues
Detail of Investment Banking Revenues
 Three Months Ended
March 31,
$ in millions20222021
Institutional Securities Advisory$944 $480 
Institutional Securities Underwriting690 2,133 
Firm Investment banking revenues from contracts with customers90 %92 %
Schedule of Trading Revenues by Product Type
Trading Revenues by Product Type
 Three Months Ended
March 31,
$ in millions20222021
Interest rate$391 $859 
Foreign exchange648 274 
Equity1
2,007 1,695 
Commodity and other525 861 
Credit412 536 
Total$3,983 $4,225 
1.Dividend income is included within equity contracts.
Schedule of Net Unrealized Carried Interest and Reduction of Fees due to Fee Waivers
Investment Management Investments Revenues—Net Cumulative Unrealized Carried Interest
$ in millionsAt
March 31,
2022 		At
December 31,
2021
Net cumulative unrealized performance-based fees at risk of reversing$824 $802 
Investment Management Asset Management Revenues—Reduction of Fees Due to Fee Waivers
 
Three Months Ended
March 31,
$ in millions20222021
Fee waivers$124 $94 
Schedule of Other Expenses - Transaction Taxes
Other Expenses—Transaction Taxes
Three Months Ended
March 31,
$ in millions20222021
Transaction taxes$258 $238 
Schedule of Net Revenues by Region
Net Revenues by Region
 
Three Months Ended
March 31,
$ in millions20222021
Americas$10,464 $11,191 
EMEA2,311 2,159 
Asia2,026 2,369 
Total$14,801 $15,719 
Schedule of Revenue Recognized from Prior Services
Revenues Recognized from Prior Services
 Three Months Ended
March 31,
$ in millions20222021
Non-interest revenues$1,005 $541 
Schedule of Receivables from Contracts with Customers
Receivables from Contracts with Customers
$ in millions
At
March 31,
2022 		At
December 31,
2021
Customer and other receivables$3,445 $3,591 
Schedule of Assets by Business Segment
Assets by Business Segment
$ in millions
At
March 31,
2022 		At
December 31,
2021
Institutional Securities
$826,242 $792,135 
Wealth Management
378,501 378,438 
Investment Management17,490 17,567 
Total1
$1,222,233 $1,188,140 
1. Parent assets have been fully allocated to the business segments.