Morgan Stanley Hits Record $9.3 Trillion in Client Assets Amid Strategic Growth
Morgan Stanley, led by CEO Ted Pick, has reported its most successful annual results yet, with record figures across revenue, earnings, and client assets. The firm's performance was driven by organic growth, strategic investments in technology, and a focus on efficiency. Total revenues reached $70.6 billion, while earnings per share climbed to $10.21. Client assets under management surged to $9.3 trillion, marking a significant milestone for the company.
The bank's Wealth Management division delivered $31.8 billion in revenue, achieving record pretax margins. Net New Wealth Assets also surged to $356 billion, reflecting strong client inflows. Meanwhile, Institutional Securities brought in $33.1 billion, with Investment Banking revenues jumping 47% year-on-year to $7.6 billion.
Equity revenues reached $15.6 billion, contributing to the firm's overall growth. CEO Ted Pick emphasized a strategy of organic expansion rather than acquisitions, focusing on prudent capital use and long-term stability. Technology and AI adoption played a key role in improving efficiency. The firm's efficiency ratio fell to 68.4%, thanks to productivity initiatives and structural cost savings. CFO Sharon Yeshaya highlighted margin growth opportunities across all business lines, pointing to ongoing investments in talent, technology, and product development. Morgan Stanley also maintained strong financial discipline. The CET1 ratio stood at 15%, while incremental margins reached 50%. Shareholders benefited from $4.6 billion in share repurchases and a dividend increase of $0.075 per share.
The results confirm Morgan Stanley's position as a leader in wealth management and investment banking. With record client assets, improved efficiency, and disciplined capital management, the firm has set a solid foundation for future performance. Growth levers such as global expansion and technology adoption are expected to remain central to its strategy.
