Morgan Stanley Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares Quarterly Dividend, Payable on February 15, 2013
January 18, 2013 at 05:45 pm IST
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Morgan Stanley reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported earnings applicable to company's common share holders of $481 million or $0.28 per diluted share against loss applicable to the company's share holders of $275 million or 0.13 per diluted share a year ago. Return on average common equity was 3.2%. Income from continuing operations before tax was $859 million against loss from continuing operations before tax of $1,483 million a year ago. Book value per common share was $30.65 against $31.42 a year ago. Tangible book value per common share was $26.81 against $27.95 a year ago. Consolidated net revenues were $6,966 million against $5,675 million a year ago. Interest income was $1,744 million against $1,685 million a year ago.
For the year, the company reported loss applicable to company's common share holders of $117 million or $0.03 per diluted share against income applicable to the company's share holders of $2,067 million or 1.26 per diluted share a year ago. Return on average common equity was 3.8%. Income from continuing operations before tax was $515 million against $6,099 million a year ago. Consolidated net revenues were $26,112 million against $32,236 million a year ago. Interest income was $5,988 million against $7,258 million a year ago.
The company declared a $0.05 quarterly dividend per common share. The dividend is payable on February 15, 2013 to common shareholders of record on February 5, 2013.
Morgan Stanley is a financial services group. Income (including intragroup) breaks down by activity as follows:
- investment and finance banking (45%): specialized financing (acquisitions, projects, etc.), operations on the stock, interest, exchange, and raw materials markets, share trading transactions, merger-acquisition consulting, etc.;
- wealth management (45%);
- assets management (10%): USD 1,305 billion asset under management at the end of 2022.
Income is distributed geographically as follows: Americas (74.7%), Europe/Middle East/Africa (12.7%) and Asia (12.6%).
Morgan Stanley Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012; Declares Quarterly Dividend, Payable on February 15, 2013