
• Reported GAAP EPS of $2.68 up 19.11% YoY • Reported revenue of $17.89B up 10.28% YoY
Bullish
Morgan Stanley achieved record full-year net revenues of $70.6 billion and net income of $16.9 billion, driven by strong performance across its Integrated Firm, including record results in Wealth Management and Institutional Securities.
Bearish
Morgan Stanley faced lower Fixed Income net revenues due to reduced commodity transactions and foreign exchange volatility, alongside decreased other revenues from mark-to-market losses on corporate loans. Non-compensation expenses also increased.