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Morgan Stanley reports developments across its global financial services franchise, including wealth management, investment management, institutional securities, private credit and capital markets activity. Recurring updates include Morgan Stanley Investment Management product launches, education resources for advisors, private credit financings, Eaton Vance fund actions, sustainable investing research and family office governance themes.
News also covers capital-structure and shareholder matters, operating and financial results, regulatory disclosures and governance updates tied to Morgan Stanley’s common stock, preferred securities, funds and finance subsidiaries.
Morgan Stanley (NYSE: MS) will report its fourth quarter 2022 financial results on January 17, 2023, at approximately 7:30 a.m. (ET). A conference call to discuss these results is scheduled for the same day at 8:30 a.m. (ET). Investors and interested parties can access the live and on-demand webcast on Morgan Stanley's website in the Investor Relations section. Morgan Stanley is a premier global financial services firm offering investment banking, securities, wealth management, and investment management services.
Morgan Stanley Investment Management (MSIM) has partnered with Opportunity Finance Network (OFN) to address the affordable housing crisis through its newly launched Impact Class. This initiative allows MSIM to contribute at least 0.02% of net annualized assets from the Impact Class shares to diversity, equity, and inclusion (DE&I) initiatives, particularly affordable housing. OFN aims to raise $1 billion for its Finance Justice Fund to support underinvested communities. The Impact Classes are available to direct institutional investors in MSIM's liquidity funds, enhancing both investment returns and social impact.
Morgan Stanley Capital Partners (MSCP) has invested in Emler Swim School, a leading operator of swim schools in the U.S. This partnership supports Emler’s continued growth and its mission to provide high-quality swim instruction, aiming to reduce child drownings. The management team, led by CEO Greg Laird and CFO Jim Draudt, will remain in place. Emler operates over 38 locations across several states, serving an average of 30,000 students weekly. MSCP aims to expand Emler’s reach through strategic acquisitions of other swim schools.
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Morgan Stanley Private Markets Solutions announced the final close of Private Equity Co-Investment Fund II (PECO II), raising $1.25 billion, significantly exceeding its target of $750 million. The fund focuses on co-investments in small- and mid-cap companies in North America and Europe, continuing a 23-year legacy with nearly $4 billion in commitments. Head of Private Markets Solutions, Neha Champaneria Markle, emphasized client trust, while Portfolio Manager Michael Carroll highlighted the team's strong platform and relationships driving this success.
Morgan Stanley reported net revenues of $13.0 billion in Q3 2022, down from $14.8 billion year-over-year. The EPS decreased to $1.47 from $1.98, with net income of $2.6 billion. Despite the decline, the firm maintained a strong ROTCE of 14.6%. Wealth Management saw a net addition of $65 billion in new assets. Investment Banking revenues decreased by 55% due to lower M&A activity. The firm repurchased $2.6 billion in shares and declared a $0.775 quarterly dividend.
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Morgan Stanley Wealth Management announced the integration of its robo-advisor, Access Investing, with E*TRADE's Core Portfolios, enhancing digital investment offerings. A new 'Balanced' portfolio featuring 50% equities and 50% fixed-income was introduced to meet diverse investor needs. Upcoming features include tax-loss harvesting for tax management. Core Portfolios require a minimum investment of $500 with a 0.30% annual fee, exempting new accounts from advisory fees for the first three months. Access Investing will soft close to new clients in December.
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Morgan Stanley Private Bank has received an 'Outstanding' rating from the Office of the Comptroller of the Currency for the seventh consecutive time, highlighting its success in community reinvestment efforts. The OCC's evaluation cited a remarkable $2.2 billion in community development loans and investments, focusing on affordable housing and economic growth. Notable projects include a $45 million loan for a New York City Housing Authority redevelopment and a $10.1 million tax credit investment in Yonkers. The bank's initiatives support diverse developers and demonstrate a commitment to long-term community solutions.