Morgan Stanley Sees Healthy YoY Uptick in Q3 Turnover

Morgan Stanley (NYSE: MS) has posted its financials for the third quarter of 2021, ending on September 30, showing a strong performance across all business segments and regions on a YoY basis.  

The company reported net revenues of $14.8 billion across all segments, including Institutional Securities, Wealth Management and Investment Management. This number for Q3 2020 is $11.7 billion.

More specifically, net revenues of the Institutional Securities reached $7,495 million, compared to the $6,129 million for the same period of 2020. Wealth Management reported net revenues of $5,935 million compared with $4,654 million from a year ago. Additionally, Investment Management reported net revenues of $1,453 million compared with $1,056 million a year earlier.

In addition, net income stood at $3.7 billion, or $1.98 per diluted share, compared with net income of $2.7 billion, or $1.66 per diluted share for the corresponding period in 2020. Moreover, common Equity Tier 1 capital standardized ratio for Q3 came in at 16.0%. 

“The Firm delivered another very strong quarter, with robust revenues and improved efficiency producing an ROTCE of 20%. We had standout performance of our integrated Investment Bank and record net new assets of $135 billion in Wealth Management. Year-to-date, our successful integrations of E*TRADE and Eaton Vance have supported growth of $400 billion in net new client assets across Wealth and Investment Management, bringing our total combined client assets to $6.2 trillion,” James P. Gorman, Chairman and Chief Executive Officer, said.