Switch to:
GuruFocus has detected 2 Warning Signs with Morgan Stanley $MS.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
Morgan Stanley (NYSE:MS)
Pre-Tax Income
$8,848 Mil (TTM As of Dec. 2016)

Pretax income is the income that a company earns before paying income taxes. Morgan Stanley's pretax income for the three months ended in Dec. 2016 was $2,246 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2016 was $8,848 Mil. Morgan Stanley's pretax margin was 24.90%.

During the past 13 years, Morgan Stanley's highest Pretax Margin was 25.55%. The lowest was 2.28%. And the median was 14.23%.


Definition

This is the income that a company earns before paying income taxes.

Morgan Stanley's Pretax Income for the fiscal year that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=8848+0
=8,848

Morgan Stanley's Pretax Income for the quarter that ended in Dec. 2016 is calculated as

Pretax Income=Operating Income+Other
=2246+0
=2,246

Morgan Stanley Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2016 was 1738 (Mar. 2016 ) + 2483 (Jun. 2016 ) + 2381 (Sep. 2016 ) + 2246 (Dec. 2016 ) = $8,848 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

Morgan Stanley's Pretax Margin for the quarter that ended in Dec. 2016 is calculated as

Pretax Margin=Pretax Income/Revenue
=2246/9021
=24.90%

During the past 13 years, Morgan Stanley's highest Pretax Margin was 25.55%. The lowest was 2.28%. And the median was 14.23%.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Operating Income, Interest Expense, Interest Income, Non-Recurring Items, Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Morgan Stanley Annual Data

Nov07Nov08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
Pretax Income 4,0402,1879836,1986,1105964,5583,5918,4958,848

Morgan Stanley Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
Pretax Income 2,220-2,9312,8552,7271,4741,4391,7382,4832,3812,246
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK