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67 - Morgan Stanley

Pedestrians pass in front of Morgan Stanley digital signage displayed on the exterior of the company's headquarters in New York, U.S., on Thursday, April 12, 2018. Morgan Stanley is scheduled to release earnings figures on April 18. Photographer: Christopher Lee/Bloomberg via Getty Images - Christopher Lee — Bloomberg via Getty Images
Pedestrians pass in front of Morgan Stanley digital signage displayed on the exterior of the company's headquarters in New York, U.S., on Thursday, April 12, 2018. Morgan Stanley is scheduled to release earnings figures on April 18. Photographer: Christopher Lee/Bloomberg via Getty Images Christopher Lee — Bloomberg via Getty Images

After ranking above archrival Goldman Sachs on the Fortune 500 for the first time since 2012 a year earlier, Morgan Stanley continued to widen the difference in 2017 with revenue jumping 15%. Those gains come as the banks trading performance beat that of Goldman Sachs’ during the year. But the real star of the show was Morgan Stanley’s wealth management business. Much like Goldman Sachs, Morgan Stanley has sought to insulate itself from its often volatile trading division since the financial crisis, instead of focusing on steadier forms of revenue, such as businesses based on fees. That’s where wealth management, which includes Morgan Stanley’s brokerage and investment advisory services, has come in. While the segment accounted for about 19% of the bank’s total $29.8 billion revenue in 2006, that figure is now 44% of its $38 billion in revenue. With the continued growth of that division, Morgan Stanley is targeting a return on equity of between 9% to 13% in the near term.

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Key Metrics & Financials (Last Fiscal Year)

Previous Rank76
Revenues ($M)$43642
Revenue Percent Change15.0%
Profits ($M)$6111.0
Profits Percent Change2.2%
Assets ($M)$851733
Market Value — as of March 29, 2018 ($M)$96688
Employees57633

Company Facts

Employees57633
SectorFinancials
IndustryCommercial Banks
HQ LocationNew York City
CEOJames P. Gorman
CEO Title-
Websitewww.morganstanley.com
Years on Fortune 500 List24

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