While Goldman Sachs is gravitating toward consumer banking, Morgan Stanley has shifted to wealth management in the years following the financial crisis. It has been a winning bet. The division now makes up 42% of the bank’s revenue—growing 2% to $17 billion in 2018. Meanwhile the bank has shuffled its executive team: Ted Pick was promoted to head the bank’s trading and investment arm in the middle of the year. That came just after one heir apparent, Colm Kellehe announced plans to retire in March. Though CEO James Gorman is not expected to exit anytime soon, plenty of onlookers are wondering who will be next to lead the prestigious firm.
Company Info
| CEO | James P. Gorman |
| CEO Title | Chairman & Chief Executive Officer |
| Sector | Financials |
| Industry | Commercial Banks |
| HQ Location | New York, N.Y. |
| Website | www.morganstanley.com |
| Years on Fortune 500 List | 25 |
| Employees | 60,348 |
Key Financials (Last Fiscal Year)
| Revenues ($M) | $50,193 |
| Profits ($M) | $8,748 |
| Assets ($M) | $853,531 |
| Total Stockholder Equity ($M) | $80,246 |
Profit Ratios
| Profit as % of Revenues | 17.4% |
| Profits as % of Assets | 1.0% |
| Profits as % of Stockholder Equity | 10.9% |
Earnings Per Share (Last Fiscal Year)
| Earnings Per Share ($) | 473 |
| EPS % Change (from 2017) | 54.1% |
| EPS % Change (5 year annual rate) | 28.3% |
| EPS % Change (10 year annual rate) | 12.6% |
Total Return
| Total Return to Investors (2018) | -22.7% |
| Total Return to Investors (5 year, annualized) | 6.7% |
| Total Return to Investors (10 year, annualized) | 11.1% |
