Morgan Stanley just reported fourth-quarter earnings that beat on the top and bottom lines.
The firm also provided a look into how it has transformed over the past six years in a “Strategic Update” presentation.
The bank has grown its wealth management division pretty dramatically.
The fixed income, currencies, and commodities trading division is now a much smaller chunk of the firm’s revenues, while equities trading and investment banking make up bigger chunks.
Overall net revenue, excluding accounting adjustments, has jumped from $28.7 billion in 2009 to $34.5 billion in 2015.
Have a look: