Morgan Stanley: 2023 net income of $9.1bn (-17%)

(CercleFinance.com) - Morgan Stanley reported net revenues of $12.
9bn for Q4 ending 31 December 2023, just up from $12.7bn a year ago. (NB: pmt +1%).

Meanwhile, net income was $1.5bn, or $0.85 per diluted share, compared with $2.2bn, or $1.26 per diluted share, for the same period last year.

FY net revenues came in at $54.1bn, compared with $53.7bn a year ago.

Net income was $9.1bn, or $5.18 per diluted share, -17.3% from $11.0bn, or $6.15 per diluted share, a year ago.

Morgan Stanley management said that in 2023, the company delivered a solid ROTCE against a mixed market backdrop and a number of headwinds. It starts 2024 with a clear and consistent business strategy and a unified management team, focused on achieving its long-term financial objectives and delivering continued results for shareholders.


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