| | | | | 2012 | | 2011 | | 2010 |
| Basic EPS: | | | | | | |
| | Income from continuing operations | $ | 754 | $ | 4,689 | $ | 5,455 |
| | Net gain (loss) from discontinued operations | | (38) | | (44) | | 247 |
| | Net income | | 716 | | 4,645 | | 5,702 |
| | Net income applicable to redeemable noncontrolling interests | | 124 | | — | | — |
| | Net income applicable to nonredeemable noncontrolling interests | | 524 | | 535 | | 999 |
| | Net income applicable to Morgan Stanley | | 68 | | 4,110 | | 4,703 |
| | Less: Preferred dividends (Series A Preferred Stock) | | (44) | | (44) | | (45) |
| | Less: Preferred dividends (Series B Preferred Stock) | | — | | (196) | | (784) |
| | Less: MUFG stock conversion | | — | | (1,726) | | — |
| | Less: Preferred dividends (Series C Preferred Stock) | | (52) | | (52) | | (52) |
| | Less: Allocation of (earnings) loss to participating RSUs(2): | | | | | | |
| | | From continuing operations | | (2) | | (26) | | (108) |
| | | From discontinued operations | | — | | 1 | | (7) |
| | Less: Allocation of undistributed (earnings) to Equity Units(1): | | | | | | |
| | | From continuing operations | | — | | — | | (102) |
| | | From discontinued operations | | — | | — | | (11) |
| | Earnings (loss) applicable to Morgan Stanley common shareholders | $ | (30) | $ | 2,067 | $ | 3,594 |
| | Weighted average common shares outstanding | | 1,886 | | 1,655 | | 1,362 |
| Earnings (loss) per basic common share: | | | | | | |
| | Income from continuing operations | $ | 0.02 | $ | 1.28 | $ | 2.48 |
| | Net gain (loss) from discontinued operations | | (0.04) | | (0.03) | | 0.16 |
| | | Earnings (loss) per basic common share | $ | (0.02) | $ | 1.25 | $ | 2.64 |
| | | | | | | | | |
| Diluted EPS: | | | | | | |
| | Earnings (loss) applicable to Morgan Stanley common shareholders | $ | (30) | $ | 2,067 | $ | 3,594 |
| | Impact on income of assumed conversions: | | | | | | |
| | Assumed conversion of Equity Units(1): | | | | | | |
| | | From continuing operations | | — | | — | | 76 |
| | | From discontinued operations | | — | | — | | 40 |
| | Earnings (loss) applicable to common shareholders plus assumed | | | | | | |
| | | conversions | $ | (30) | $ | 2,067 | $ | 3,710 |
| | Weighted average common shares outstanding | | 1,886 | | 1,655 | | 1,362 |
| | Effect of dilutive securities: | | | | | | |
| | | Stock options and RSUs(2) | | 33 | | 20 | | 5 |
| | | Equity Units(1) | | — | | — | | 44 |
| | Weighted average common shares outstanding and common | | | | | | |
| | | stock equivalents | | 1,919 | | 1,675 | | 1,411 |
| | | | | | | | | |
| Earnings (loss) per diluted common share: | | | | | | |
| | Income from continuing operations | $ | 0.02 | $ | 1.26 | $ | 2.45 |
| | Net income (loss) from discontinued operations | | (0.04) | | (0.03) | | 0.18 |
| | | Earnings (loss) per diluted common share | $ | (0.02) | $ | 1.23 | $ | 2.63 |