---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000051"
form_type: "8-K"
ticker: "MS"
cik: "0000895421"
company_name: "MORGAN STANLEY"
filed_at: "2023-01-17T23:59:59+00:00"
generated_at: "2026-06-20T15:07:36.235743+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Morgan Stanley Q4 EPS $1.26 vs $2.01 YoY; FY revenues $53.7B, down 10%

## Summary
- Q4 net revenues $12.7B (down 12% YoY); diluted EPS $1.26 ($1.31 adjusted) vs $2.01 ($2.08 adjusted).
- Wealth Management record Q4 rev $6.6B; full-year net new assets $311B; pre-tax margin 27.8%.
- Investment Banking revenues fell 49% in Q4; Fixed Income up 15% on macro/credit strength.
- Full-year ROTCE 15.3% (15.7% ex-integration); repurchased $9.9B of stock in 2022.
- Provision for credit losses $87M Q4 vs $5M a year ago; severance costs $133M in Q4.

## SEC filing metadata
- accession: 0001157523-23-000051
- form_type: 8-K
- ticker: MS
- cik: 0000895421
- company_name: MORGAN STANLEY
- filed_at: 2023-01-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/895421/000115752323000051/0001157523-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/895421/000115752323000051/a53203138.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000051
- JSON: https://secwatch.observer/filing/0001157523-23-000051.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000051.txt

## Key facts
- Earnings Releases
  MORGAN STANLEY reported full year ended December 31, 2022 results: revenue 53.7 billion, net income 11.0 billion, EPS 6.15.
  - Period: full year ended December 31, 2022
  - Revenue: 53.7 billion
  - Net income: 11.0 billion
  - EPS: 6.15
  - Result: reported results
  source text: Full year net revenues were $53.7 billion compared with $59.8 billion in the prior year. Net income applicable to Morgan Stanley was $11.0 billion, or $6.15 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000115752323000051/0001157523-23-000051-index.htm
- Earnings Releases
  MORGAN STANLEY reported fourth quarter ended December 31, 2022 compared with prior year quarter results: EPS 1.31.
  - Period: fourth quarter ended December 31, 2022 compared with prior year quarter
  - EPS: 1.31
  - Result: reported results
  source text: Excluding integration-related expenses, earnings per diluted share in the fourth quarter was $1.31 versus $2.08 in the prior year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/895421/000115752323000051/0001157523-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.