Morgan Stanley (NYSE:MS) has released the financial results for its fourth quarter and full year ended December 31, 2009. The company reported income from continuing operations of $1,149 million, compared to a loss from continuing operations of $807 million reported during the previous year. Net revenues for the year were recorded as $23.4 billion, versus $18.2 billion earned during the previous year.
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Morgan Stanley declared a quarterly dividend of $0.05 per common share. The dividend will be payable February 12, 2010 to shareholders of record as of January 29, 2010. As of December 31, 2009, the company’s total capital was $214.0 billion, which included $57.3 billion of common and preferred equity, and junior subordinated debt issued to capital trusts.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. The Company operates in three segments: Institutional Securities, Global Wealth Management Group and Asset Management. On October 14, 2008, Mitsubishi UFJ Financial Group, Inc. acquired a 21% stake in Morgan Stanley. Institutional Securities' services includes capital raising; financial advisory services, including advice on mergers and acquisitions, restructurings, real estate and project finance. Global Wealth Management Group's services include brokerage and investment advisory services covering various investment alternatives; financial and wealth planning services, and annuity and other insurance products. Asset Management's services include global asset management products and services in equity, fixed income, alternative investments.
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