Morgan Stanley · NYSE:MS
Morgan Stanley — Q1 2025 Earnings Presentation
11 slides from Morgan Stanley's earnings presentation, Apr 11, 2025
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 13, 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 97.1 91.4 90.3 11.0 11.0 9.1 Tangible Common 4.3 Common 75.9 74.0 Equity 72.5 67.1 66.5 71.6 Equity 2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25 Standardized Common Equity Tier 1 Ratio (%)(2) Supp
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 267 276 253 238 239 129% 134% 132% 129% 130% 130% 206 2020 2021 2022 2023 2024 1Q25 2020 2021 2022 2023 2024 1Q25 Average Total Liquidity Resources(3) ($Bn) Liquidity Resources Composition(
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 1,300 Shareholders’ Deposits Assets: Equity 108 87 • Strong capital base 90 • Primarily sourced from 85 86 • Common stock Wealth Management 74 supplemented by $9.8Bn c
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2020-1Q25 Unsecured Debt Issuance (%) ($Bn) 106 By Currency By Tenor 87 2% 74 75 74 3% 7% 56 61 61 6% 45 35 USD 16% <3yrs 30 11% EUR 38% 3-5yrs 17 Other 5-7yrs JPY 6% 7-10yrs 10-15yrs 2020 2021
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 March 31, 2025 IM Loans $0.3Bn 0 439 423 55 19 19 WM Loans 87 ISG Loans 377 $163Bn $96Bn 359 20 19 336 17 163 12 15 160 290 WM SBL & Other includes
Slide 8: Credit Ratings
Credit Ratings As of May 13, 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 Private Ban
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 21-25 in the Firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2025. 3. At Dece
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 13, 2025