v3.10.0.1
Consolidated Income Statements - USD ($)
shares in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Investment banking $ 6,482 $ 6,003 $ 4,933
Trading 11,551 11,116 10,209
Investments 437 820 160
Commissions and fees 4,190 4,061 4,109
Asset management 12,898 11,797 10,697
Other 743 848 825
Total non-interest revenues 36,301 34,645 30,933
Interest income 13,892 8,997 7,016
Interest expense 10,086 5,697 3,318
Net interest 3,806 3,300 3,698
Net revenues 40,107 37,945 34,631
Non-interest expenses      
Compensation and benefits 17,632 17,166 15,878
Occupancy and equipment 1,391 1,329 1,308
Brokerage, clearing and exchange fees 2,393 2,093 1,920
Information processing and communications 2,016 1,791 1,787
Marketing and business development 691 609 587
Professional services 2,265 2,169 2,128
Other 2,482 2,385 2,175
Total non-interest expenses 28,870 27,542 25,783
Income from continuing operations before income taxes 11,237 10,403 8,848
Provision for income taxes 2,350 4,168 2,726
Income from continuing operations 8,887 6,235 6,122
Income (loss) from discontinued operations, net of income taxes (4) (19) 1
Net income 8,883 6,216 6,123
Net income applicable to noncontrolling interests 135 105 144
Net income applicable to Morgan Stanley 8,748 6,111 5,979
Preferred stock dividends and other 526 523 471
Earnings applicable to Morgan Stanley common shareholders $ 8,222 $ 5,588 $ 5,508
Earnings per basic common share      
Income from continuing operations $ 4.81 $ 3.15 $ 2.98
Income (loss) from discontinued operations 0 (0.01) 0
Earnings per basic common share 4.81 3.14 2.98
Earnings per diluted common share      
Income from continuing operations 4.73 3.08 2.92
Income (loss) from discontinued operations 0 (0.01) 0
Earnings per diluted common share $ 4.73 $ 3.07 $ 2.92
Average common shares outstanding      
Basic 1,708 1,780 1,849
Diluted 1,738 1,821 1,887