Morgan Stanley · NYSE:MS
Morgan Stanley — Q4 2024 Earnings Presentation
11 slides from Morgan Stanley's earnings presentation, Jan 16, 2025
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of February 25, 2025
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The definition of and/or reconciliation of such measures to the comparable U.S. GAAP figures are included in this presentation, or in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definiti
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 15.0 13.4 92.5 97.7 94.8 91.4 90.3 11.0 11.0 9.1 Tangible Common Common 75.9 Equity 72.5 67.1 66.5 71.6 Equity 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Standardized Common Equity Tier 1 Ratio (%)(2) Supplementary Leverage Ratio
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 267 253 238 239 129% 134% 132% 129% 130% 206 2020 2021 2022 2023 2024 2020 2021 2022 2023 2024 Average Total Liquidity Resources(3) ($Bn) Liquidity Resources Composition(3) (%) Average Dail
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Total GAAP 1,116 1,188 1,180 1,194 1,215 Shareholders’ Deposits Assets: Equity 87 90 85 86 • Strong capital base 74 • Primarily sourced from • Common stock Wealth Management 289 supplemented by $9.8Bn 264 cli
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2020-2024 Unsecured Debt Issuance (%) ($Bn) 106 By Currency By Tenor 87 2% 74 75 74 3% 7% 56 61 61 6% 45 35 USD 16% <3yrs 12% 38% EUR 3-5yrs Other 5-7yrs JPY 6% 7-10yrs 10-15yrs 2020 2021 2022 2
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) Total Loans, net of ACL(1) ($Bn), Net of ACL ($Bn), As of December 31, 2024 IM Loans $0.2Bn 423 19 51 377 359 20 WM Loans 86 ISG Loans 336 17 $160Bn $87Bn 16 15 160 290 11 14 147 WM SBL & Other 146 includes
Slide 8: Credit Ratings
Credit Ratings As of February 25, 2025 Moody’s S&P Fitch Morgan Stanley Outlook Stable Stable Stable Long-Term A1 A- A+ Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB+ A- Preferred Stock Baa3 BBB- BBB Morgan Stanley Bank, N.A. Outlook Stable Stable Stable Long-Term Aa3 A+ AA- Morgan Stanley Privat
Slide 9: End Notes
End Notes This presentation may include certain metrics, including non-GAAP financial measures, which we believe to be useful to us, investors, analysts and other stakeholders by providing further transparency about, or an additional means of assessing, our financial condition and operating results.
Slide 10: End Notes (Continued)
End Notes (Continued) These notes refer to the financial metrics presented on slide 3. 1. Net Income Applicable to Morgan Stanley. 2. For further information, refer to ‘Regulatory Requirements’ on pages 49-54 in the Firm’s Annual Report on Form 10-K for the period ended December 31, 2024. 3. At Dece
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of February 25, 2025