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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Investment banking $ 5,594 $ 5,948 $ 5,246
Trading 10,114 9,377 9,359
Investments 541 836 1,777
Commissions and fees 4,554 4,713 4,629
Asset management, distribution and administration fees 10,766 10,570 9,638
Other 493 1,096 1,066
Total non-interest revenues 32,062 32,540 31,715
Interest income 5,835 5,413 5,209
Interest expense 2,742 3,678 4,431
Net interest 3,093 1,735 778
Net revenues 35,155 34,275 32,493
Non-interest expenses:      
Compensation and benefits 16,016 17,824 16,277
Occupancy and equipment 1,382 1,433 1,499
Brokerage, clearing and exchange fees 1,892 1,806 1,711
Information processing and communications 1,767 1,635 1,768
Marketing and business development 681 658 638
Professional services 2,298 2,117 1,894
Other 2,624 5,211 4,148
Total non-interest expenses 26,660 30,684 27,935
Income from continuing operations before income taxes 8,495 3,591 4,558
Provision for (benefit from) income taxes 2,200 (90) 902
Income from continuing operations 6,295 3,681 3,656
Discontinued operations:      
Income (loss) from discontinued operations before income taxes (23) (19) (72)
Provision for (benefit from) income taxes (7) (5) (29)
Income (loss) from discontinued operations (16) (14) (43)
Net income 6,279 3,667 3,613
Net income applicable to redeemable noncontrolling interests 0 0 222
Net income applicable to nonredeemable noncontrolling interests 152 200 459
Net income applicable to Morgan Stanley 6,127 3,467 2,932
Preferred stock dividends and other 456 315 277
Earnings applicable to Morgan Stanley common shareholders $ 5,671 $ 3,152 $ 2,655
Earnings (loss) per basic common share:      
Income from continuing operations $ 2.98 $ 1.65 $ 1.42
Income (loss) from discontinued operations (0.01) (0.01) (0.03)
Earnings per basic common share 2.97 1.64 1.39
Earnings per diluted common share:      
Income from continuing operations 2.91 1.61 1.38
Income (loss) from discontinued operations (0.01) (0.01) (0.02)
Earnings per diluted common share 2.9 1.6 1.36
Dividends declared per common share $ 0.55 $ 0.35 $ 0.2
Average common shares outstanding:      
Basic 1,909,116,527 1,923,805,397 1,905,823,882
Diluted 1,952,815,453 1,970,535,560 1,956,519,738