American multinational investment bank Morgan Stanley grew its net income by 9% in the fourth quarter of 2021, bringing its full-year earnings to a record, the company announced in a filing.

  • Net income applicable to Morgan Stanley grew to $3.696 billion from $3.385 billion the previous year. Diluted earnings per share for the quarter grew to $2.01 from $1.81 recorded the same quarter in 2020.
  • Full-year net income climbed by 37% to $15.034 billion from $10.996 billion, bringing diluted earnings per share up to $8.03 from $6.46. Net revenue stood at $59.8 billion, up from $48.8 billion the previous year.
  • Chairman and Chief Executive Officer James Gorman said the latest full-year net revenue was a fresh record, citing “stand-out” results in each of its business units, such as its wealth management investment management.

The firm recorded a full-year ROTCE of 19.8%. MS is up 1.53%.