Headquarters: 1585 Broadway
New York, NY 10036
CEO: James Gorman
Stock Symbol: MS
Morgan Stanley is one of the world's top financial services companies. It is a leader in investment banking, private wealth management, bond and stock trading.
Morgan Stanley specializes in Initial Public Offerings, Mergers & Acquisitions and serving as financial advisors to major corporations. It has over 1,200 offices in 43 countries.
For 2015, Morgan Stanley reported revenues of $35.2 billion, up from $34.3 billion the previous year. Net income was $48 million. Compensation expenses for the year were $16.0 billion, down from $17.8 billion a year ago.
Institutional Securities generated $17.9 billion in revenue in 2015; Wealth Management generated $15.1 billion; and Investment management generated $2.3 billion.
Morgan Stanley cut 1,200 jobs in its fixed-income division at the end of 2015. The company said it plans to reduce expenses by moving jobs and outsourcing technology to lower-cost cities like Budapest and Mumbai.
Morgan Stanley headquarters are located in Times Square in NYC.
In 1935, Henry Morgan, Harold Stanley and others left JP Morgan & Co. and Drexel & Co. to form investment banking firm Morgan Stanley. In its first full year, the firm achieved 24% market share of public stock offerings. In 1941, Morgan Stanley joins the New York Stock Exchange and entered the brokerage business.
In 1964, the company created the first computer model for performing financial analysis. In 1967, a Paris division was opened to pursue the growing European securities market.
Morgan Stanley would establish a real estate financing division in 1967 and created a Mergers and Acquisitions division in 1971.
Morgan Stanley merged with Dean Witter, Discover & Co. in 1997 to form a dominant force in securities and asset management.
The company spun off the Discover Card business in an IPO in 2007.
The company converted into a bank holding company in September 2008 following the financial crisis that year which allowed it to accept deposits from customers and access to funding from the Federal Reserve.
Employees receive health, dental and vision plans. Up to 5 weeks of vacation is available for new employees.
The company also provides life insurance, travel and accident insurance, employee stock purchase plan and optional 401(k). Fitness centers also available at some locations.