Morgan Stanley Reports Mixed Results for Q4, Full Year of 2020

​The leading global financial services firm Morgan Stanley has reported its financial results for the fourth quarter and year ending December 31,2020, according to an statement.

During Q4 2020, the company posted $13.6 billion net revenues compared with $10.9 billion a year ago. Diluted EPS reached $1.81 in the last quarter, compared with $1.30 for the same period a year ago.

In this quarter, Institutional Securities reported net revenues of $7.0 billion compared with $5.1 billion a year ago. Wealth Management reported net revenues of $5.7 billion compared with $4.6 billion a year ago. Investment Management reported net revenues of $1.1 billion compared with $1.4 billion a year ago.

Taking a full-year perspective, the firm's net revenues were a record $48.2 billion, 16% up compared to last year. The firm's full year net income applicable hit $11.0 billion, increasing 22% year over year.

Institutional Securities, Wealth Management and Investment Management delivered record full year net revenues of $25.9 billion, $19.1 billion and $3.8 billion respectively.

James P. Gorman, Chairman and Chief Executive Officer, said:“The firm produced a very strong quarter and record full-year results, with excellent performance across all three businesses and geographies. I am extremely proud of how our employees came together to support each other and our communities and deliver for our clients in an incredibly challenging year.”