• January 18, 2018
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Morgan Stanley reports 2017 Q4 financial results

• Fourth Quarter Net Revenues of $9.5 Billion; Earnings per Diluted Share of $0.29
• Excluding the Net Discrete Tax Provision of $1.0 Billion, Earnings per Diluted Share of $0.841,2
• Investment Banking Ranked #1 in Global IPOs and Global Equity; Continued Strength in Equity Sales and Trading3
• Record Quarterly Wealth Management Revenues of $4.4 Billion; Pre-Tax Margin of 26%1,4
• Full Year Net Revenues of $37.9 Billion; Earnings per Diluted Share of $3.09
• Full Year Earnings per Diluted Share of $3.60 Excluding the Net Discrete Tax Provision1,2
• Full Year Results Reflect Revenue and Pre-Tax Income Growth Across All Segments
• Full Year Return on Equity of 8.1%, or 9.4% Excluding the Impact of Net Discrete Tax Provision1,5

James P. Gorman, Chairman and Chief Executive Officer, said, “Over the course of the full year we achieved the strategic objectives outlined two years ago. In 2017, pre-tax earnings grew by 18%, driven by a 10% increase in revenues, with growth across all our business segments. This, coupled with strong expense discipline demonstrates the Firm’s operating leverage. We enter 2018 with strong momentum aided by rising interest rates, tax reform and an evolving regulatory framework.”

Re-disseminated by The Asian Banker