XML 69 R2.htm IDEA: XBRL DOCUMENT v3.3.0.814
Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenues:        
Investment banking $ 1,313 $ 1,551 $ 4,284 $ 4,492
Trading 2,026 2,448 8,649 7,926
Investments (119) 138 408 724
Commissions and fees 1,115 1,124 3,459 3,478
Asset management, distribution and administration fees 2,732 2,716 8,155 7,886
Other (62) 373 406 873
Total non-interest revenues 7,005 8,350 25,361 25,379
Interest income 1,451 1,384 4,321 3,977
Interest expense 689 827 2,265 2,845
Net interest 762 557 2,056 1,132
Net revenues 7,767 8,907 27,417 26,511
Non-interest expenses:        
Compensation and benefits 3,437 4,214 12,366 12,720
Occupancy and equipment 341 350 1,034 1,069
Brokerage, clearing and exchange fees 485 437 1,435 1,338
Information processing and communications 447 396 1,300 1,231
Marketing and business development 158 160 487 472
Professional services 576 522 1,660 1,506
Other 849 608 2,079 1,653
Total non-interest expenses 6,293 6,687 20,361 19,989
Income from continuing operations before income taxes 1,474 2,220 7,056 6,522
Provision for income taxes 423 463 1,704 1,263
Income from continuing operations 1,051 1,757 5,352 5,259
Discontinued operations:        
Income (loss) from discontinued operations before income taxes (4) (8) (13) (11)
Provision for (benefit from) income taxes (2) (3) (4) (5)
Income (loss) from discontinued operations (2) (5) (9) (6)
Net income 1,049 1,752 5,343 5,253
Net income applicable to nonredeemable noncontrolling interests 31 59 124 156
Net income applicable to Morgan Stanley 1,018 1,693 5,219 5,097
Preferred stock dividends and other 79 64 301 199
Earnings applicable to Morgan Stanley common shareholders $ 939 $ 1,629 $ 4,918 $ 4,898
Earnings per basic common share:        
Income from continuing operations $ 0.49 $ 0.85 $ 2.57 $ 2.55
Income (loss) from discontinued operations 0 0 0 (0.01)
Earnings per basic common share 0.49 0.85 2.57 2.54
Earnings per diluted common share:        
Income from continuing operations 0.48 0.83 2.52 2.49
Income (loss) from discontinued operations 0 0 (0.01) 0
Earnings per diluted common share 0.48 0.83 2.51 2.49
Dividends declared per common share $ 0.15 $ 0.1 $ 0.4 $ 0.25
Average common shares outstanding:        
Basic 1,904,213,493 1,922,995,835 1,915,807,606 1,925,172,108
Diluted 1,949,281,601 1,970,922,473 1,957,544,581 1,970,091,170