Earnings StabilityThe firm targets to grow client AUM from USD6.6tn to USD10tn, enhancing its earnings stability with a higher portion of recurring fees.
Market ReactionMorgan Stanley shares reacted positively after EPS beat consensus estimates, driven by stronger trading revenues and solid results from the investment bank and wealth management segment.
Profit ContributionMorgan Stanley has doubled its profit contribution from wealth and investment management to 62% in 2023, highlighting its strong position in the market.