Earnings per Common Share

3 Months Ended

Mar. 31, 2018

Earnings Per Share [Abstract]

Earnings Per Common Share

15.Earnings per Common Share

Calculation of Basic and Diluted EPS

		Three Months Ended
		March 31,
in millions, except for per share data		2018		2017
Basic EPS
Income from continuing operations	$	2,706	$	1,993
Income (loss) from discontinued operations		(2)		(22)
Net income		2,704		1,971
Net income applicable to noncontrolling interests		36		41
Net income applicable to Morgan Stanley		2,668		1,930
Preferred stock dividends and other		93		90
Earnings applicable to Morgan
Stanley common shareholders	$	2,575	$	1,840
Weighted average common shares outstanding		1,740		1,801
Earnings per basic common share
Income from continuing operations	$	1.48	$	1.03
Income (loss) from discontinued operations		—		(0.01)
Earnings per basic common share	$	1.48	$	1.02
Diluted EPS
Earnings applicable to Morgan
Stanley common shareholders	$	2,575	$	1,840
Weighted average common shares outstanding		1,740		1,801
Effect of dilutive securities:
Stock options and RSUs1		31		41
Weighted average common shares
outstanding and common stock equivalents		1,771		1,842
Earnings per diluted common share
Income from continuing operations	$	1.46	$	1.01
Income (loss) from discontinued operations		(0.01)		(0.01)
Earnings per diluted common share	$	1.45	$	1.00
Weighted average antidilutive RSUs and stock options
(excluded from the computation of diluted EPS)1		1		—

1. RSUs that are considered participating securities are treated as a separate class of securities in the computation of basic EPS, and, therefore, such RSUs are not included as incremental shares in the diluted EPS computation.