Record-Breaking Year for Morgan Stanley

In an unprecedented financial achievement, Morgan Stanley announced a staggering 25% increase in its net revenue for the fourth quarter of fiscal 2024, reaching $16.2 billion. This remarkable performance contributed to an annual record net revenue of $61.8 billion, alongside a net income of $13.4 billion.

Quarterly Highlights

The firm reported a net income of $3.7 billion, or $2.22 per diluted share, for the three months ending December 31. This figure represents more than double the $1.5 billion, or $0.85 per share, recorded in the same quarter of the previous year.

Leadership Commentary

"This outstanding fourth quarter, with a 20% ROTCE, rounds off one of the most successful years in Morgan Stanley's history. Our full-year revenues hit $61.8 billion, with an EPS of $7.95 and a ROTCE of 18.8%. The Institutional Securities sector showed robust performance across markets, and we've seen continued growth in Investment Banking," stated Ted Pick, Chairman and Chief Executive Officer.

Market Reaction

Following the announcement, Morgan Stanley's shares experienced a 2% surge in premarket trading in New York, reflecting investor confidence in the firm's strong financial health and future prospects.