Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 41 countries and more than 75,000 employees, the firm serves a diverse client base that includes corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 61 on the 2023 Fortune 500 list of the largest United States corporations by total revenue and No. 30 on the Forbes Global 2000 list.
Historical Background
The original Morgan Stanley was formed on September 16, 1935, by J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others, in response to the Glass–Steagall Act, which required the separation of commercial and investment banking activities. In its first year, Morgan Stanley operated with a 24% market share (US$1.1 billion) in public offerings and private placements.
The current Morgan Stanley is the result of a merger with Dean Witter Discover & Co. in 1997, with Dean Witter’s chairman and CEO, Philip J. Purcell, becoming the chairman and CEO of the newly merged entity. The company was initially named “Morgan Stanley Dean Witter Discover & Co.” but reverted to “Morgan Stanley” in 2001. Today, the firm focuses on three main business areas: institutional securities, wealth management, and investment management. It is considered systemically important by the Financial Stability Board.
Market Capitalization of (MS)
- Market Cap as of May 2024: $161.83 billion
- This ranks Morgan Stanley as the world’s 83rd most valuable company by market cap.
- Market capitalization, or market cap, is the total market value of a publicly traded company’s outstanding shares and is commonly used to measure a company’s worth.
Revenue for (MS)
- Revenue in 2023 (TTM): $50.66 billion
- Revenue in 2022: $50.21 billion
- Revenue in 2021: $56.41 billion
Revenue represents the total income generated from the sale of goods or services without deducting expenses.
Earnings for Morgan Stanley (MS)
- Earnings in 2023 (TTM): $11.81 billion
- Earnings in 2022: $14.08 billion
- Earnings in 2021: $19.66 billion
The earnings displayed are the company’s pretax income.
Stock Price History for Morgan Stanley (MS)
- Highest End of Day Price: $109.38 USD on September 11, 2000
- Lowest End of Day Price: $7.75 USD on February 23, 1993
P/E Ratio for (MS)
- P/E Ratio as of May 2024 (TTM): 17.7
- At the end of 2022, the P/E ratio was 13.7.
- The price-to-earnings (P/E) ratio measures the company’s current share price relative to its per-share earnings.
P/S Ratio for (MS)
- P/S Ratio as of May 2024 (TTM): 3.19
- At the end of 2023, the P/S ratio was 3.02.
- The price-to-sales (P/S) ratio compares the company’s stock price to its revenue.
Total Assets for (MS)
- As of December 2023: $1.193 trillion
- Total assets include all current and non-current assets, such as inventories, cash and cash equivalents, properties, and equipment.
Number of Shares Outstanding for MorganStanley (MS)
- As of May 2024: 1,606,000,000 shares
- The number of outstanding shares can be influenced by stock splits and share buybacks.
This detailed overview of MorganStanley provides comprehensive insights into the firm’s market position, financial performance, and historical background, useful for investors and financial analysts.
