Morgan Stanley 2005 Annual Report Download - page 14

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03 04 05
$ 617
$ 602
$ 565
Retail Brokerage
Total Client Assets
Dollars in Billions
03 04 05
$ 469 $ 435
$ 1,689
Retail Brokerage
Bank Deposit Program
Dollars in Millions
03 04 05 (1)
2,857
1,226
1,209
Discover
Payment Services
Network Volume
Transactions in Millions
03 04 05
$ 86.0
$ 79.5
$ 76.8
Discover
Net Sales
Dollars in Billions
03 04 05
Asset Management
Pre-tax Profit Margin
By Percent
All charts are based on fiscal year results of operations
for the 12 months ended November 30.
1YR 3YR 5YR 10YR
64%
43%
Asset Management
Percent of Fund Assets in
Top Half of Lipper Rankings(2)
November End
69% 71%
44%
63% 61% 67% 71% 67%
75%
83%
03 04 05 03 04 05 03 04 05 03 04 05
(1) 2005 includes PULSE network transaction volume of 1,556 million.
(2) Performance excludes money market funds.
Pre-tax profit margin
Pre-tax profit margin excluding private equity
30%
22%
35%
26%
29%
21%