Morgan Stanley 2014 Annual Report Download - page 294
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MORGAN STANLEY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Selected financial information for the Company’s business segments is presented below:
2014
Institutional
Securities(1)
Wealth
Management(2)
Investment
Management(2)
Intersegment
Eliminations Total
(dollars in millions)
Total non-interest revenues ............. $17,463 $12,549 $2,728 $(200) $32,540
Interest income ....................... 3,389 2,516 2 (494) 5,413
Interest expense ...................... 3,981 177 18 (498) 3,678
Net interest ...................... (592) 2,339 (16) 4 1,735
Net revenues ................ $16,871 $14,888 $2,712 $(196) $34,275
Income (loss) from continuing operations
before income taxes ................. $ (58) $ 2,985 $ 664 $ — $ 3,591
Provision for (benefit from) income
taxes(3) ........................... (90) (207) 207 — (90)
Income from continuing operations ....... 32 3,192 457 — 3,681
Discontinued operations(4):
Income (loss) from discontinued
operations before income taxes .... (26) — 7 — (19)
Provision for (benefit from) income
taxes ......................... (7) — 2 — (5)
Income (loss) from discontinued
operations ................. (19) — 5 — (14)
Net income .......................... 13 3,192 462 — 3,667
Net income applicable to
nonredeemable noncontrolling
interests ...................... 109 — 91 — 200
Net income (loss) applicable to Morgan
Stanley ........................... $ (96) $ 3,192 $ 371 $ — $ 3,467
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