Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over 2021–2024 Morgan Stanley’s consolidated balance sheet was largely stable with modest growth in total assets and liabilities and only small net change in book equity. Total assets moved from $1,188.1B in 2021 to $1,215.1B in 2024 (+≈2.3%). Liabilities rose from $1,081.5B to $1,109.6B over the same period (+≈2.6%), so liabilities grew slightly faster than assets. Year-to-year moves were small: a slight dip in assets and liabilities in 2022, followed by steady increases in 2023–24. Stockholders’ equity showed more volatility: equity fell from $105.4B (2021) to $100.1B (2022) and to $99.0B (2023) before recovering to $104.5B in 2024, leaving equity modestly below the 2021 level (net change ≈ −0.9%). The book equity/asset ratio stayed in a narrow band (~8.3–8.9%), reflecting the high leverage typical of large investment banks and wealth-management firms. The 2022–23 equity decline could reflect market-related losses, capital distributions, or other post-tax impacts on retained earnings, while the 2024 rebound suggests partial restoration of capital (earnings retention, capital actions, or valuation recoveries). Note that the 2025 row contains zeroes and appears to be missing data; regulatory capital ratios (CET1, Tier 1) and off‑balance-sheet items would be needed for a fuller assessment of financial strength.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.