Morgan Stanley reported net sales of $12.9 billion for the fourth quarter ending December 31, 2023, compared with $12.7 billion a year ago.

Net income was $1.5 billion, or $0.85 per diluted share, compared with $2.2 billion, or $1.26 per diluted share, for the same period last year.

Net revenues for the full year were $54.1 billion, compared with $53.7 billion a year ago.

Net income was $9.1 billion, or $5.18 per diluted share, compared with $11.0 billion, or $6.15 per diluted share, a year ago.

Ted Pick, CEO of Morgan Stanley, said: ' In 2023, the company delivered a solid ROTCE against a mixed market backdrop and a number of headwinds. We start 2024 with a clear and consistent business strategy and a unified management team. We are focused on achieving our long-term financial objectives and delivering continued results for shareholders.'

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