Report
Michael Wong
EUR 100.00 For Business Accounts Only

Morgan Stanley’s Wealth Management Business Could Disappoint Its High Expectations

While narrow-moat Morgan Stanley had an overall good 2018, its fourth-quarter results were by far the worst quarter of the year. Net revenue of $8.5 billion in the fourth quarter was about 20% lower than the quarterly average for the earlier part of the year. Additionally, net income to common shareholders decreased to $1.4 billion from $2.6 billion in the first quarter. With all that said, return on tangible equity for the year was 13.5%, and the company hit the goals management had laid out. W...
Underlying
Morgan Stanley

Morgan Stanley is a financial holding company. Through its subsidiaries and affiliates, the company advises, and originates, trades, manages and distributes capital for, governments, institutions and individuals. The company's segments are: Institutional Securities, which provides investment banking, sales and trading, lending and other services; Wealth Management, which provides brokerage and investment advisory services, financial and wealth planning services, stock plan administration services, annuity and insurance products, residential real estate loans and other lending products, banking, and retirement plan services; and Investment Management, which provides investment strategies and products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

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