Morgan Stanley 2009 Annual Report Download - page 42

2009(1)
Fiscal Year
2008(2)
Fiscal
Year
2007(2)
One Month
Ended
December 31,
2008(2)
Statistical Data.
Average common equity (dollars in billions)(6):
Institutional Securities ............................ $ 18.1 $ 22.9 $ 23.2 $ 20.8
Global Wealth Management Group .................. 4.6 1.5 1.7 1.3
Asset Management ............................... 2.2 3.0 2.8 2.4
Unallocated capital ............................... 8.1 4.9 2.9 4.9
Total from continuing operations ................ 33.0 32.3 30.6 29.4
Discontinued operations ........................... 1.1 1.3 4.6 1.2
Consolidated average common equity ............ $ 34.1 $ 33.6 $ 35.2 $ 30.6
Return on average common equity(6):
Consolidated .................................... N/M 3% 7% N/M
Institutional Securities ............................ 5% 5% 3% N/M
Global Wealth Management Group .................. 5% 48% 41% 60%
Asset Management ............................... N/M N/M 24% N/M
Book value per common share(7) ...................... $ 27.26 $ 30.24 $ 28.56 $ 27.53
Tangible common equity(8) ........................... $29,479 N/A N/A $26,607
Tangible book value per common share(9) .............. $ 21.67 N/A N/A $ 24.76
Tangible common equity to risk-weighted assets
ratio(10) ......................................... 9.7% N/A N/A N/A
Effective income tax rate from continuing
operations(11) .................................... (39.2)% (1.8)% 20.7% 36.1%
Worldwide employees(12) ............................ 61,388 45,733 48,041 45,295
Average liquidity (dollars in billions)(13):
Parent company liquidity .......................... $ 61 $ 69 $ 49 $ 64
Bank and other subsidiary liquidity .................. 93 69 36 78
Total liquidity ............................... $ 154 $ 138 $ 85 $ 142
Capital ratios at December 31, 2009(14):
Total capital ratio ............................ 16.4% N/A N/A N/A
Tier 1 capital ratio ............................ 15.3% N/A N/A N/A
Tier 1 leverage ratio .......................... 5.8% N/A N/A N/A
Tier 1 common ratio .......................... 8.2% N/A N/A N/A
Consolidated assets under management or supervision by
asset class (dollars in billions)(15):
Equity(16) ...................................... $ 315 $ 113 $ 215 $ 121
Fixed income(16) ................................ 195 175 208 168
Alternatives(17) ................................. 46 40 52 41
Private equity ................................... 4 4 4 4
Infrastructure ................................... 4 4 2 4
Real estate ...................................... 15 34 36 35
Subtotal .................................... 579 370 517 373
Other(16) ...................................... 59 39 61 40
Total assets under management or
supervision(18) ............................ 638 409 578 413
Share of non-controlling interest assets(19) ........ 7 6 7 6
Total ...................................... $ 645 $ 415 $ 585 $ 419
38