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Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Investment banking $ 4,948 $ 5,599 $ 10,994
Trading 15,263 13,928 12,810
Investments 573 15 1,376
Commissions and fees 4,537 4,938 5,521
Asset management 19,617 19,578 19,967
Other 975 283 1,042
Total non-interest revenues 45,913 44,341 51,710
Interest income 50,281 21,595 9,411
Interest expense 42,051 12,268 1,366
Net interest 8,230 9,327 8,045
Net revenues 54,143 53,668 59,755
Provision for credit losses 532 280 4
Non-interest expenses      
Compensation and benefits 24,558 23,053 24,628
Brokerage, clearing and exchange fees 3,476 3,458 3,341
Information processing and communications 3,775 3,493 3,119
Professional services 3,058 3,070 2,933
Occupancy and equipment 1,895 1,729 1,725
Marketing and business development 898 905 643
Other 4,138 3,591 3,694
Total non-interest expenses 41,798 39,299 40,083
Income before provision for income taxes 11,813 14,089 19,668
Provision for income taxes 2,583 2,910 4,548
Net income 9,230 11,179 15,120
Net income applicable to noncontrolling interests 143 150 86
Net income applicable to Morgan Stanley 9,087 11,029 15,034
Preferred stock dividends 557 489 468
Earnings applicable to Morgan Stanley common shareholders $ 8,530 $ 10,540 $ 14,566
Earnings per common share      
Earnings per common share - basic (in dollars per share) $ 5.24 $ 6.23 $ 8.16
Earnings per common share - diluted (in dollars per share) $ 5.18 $ 6.15 $ 8.03
Average common shares outstanding      
Basic (in shares) 1,628 1,691 1,785
Diluted (in shares) 1,646 1,713 1,814