Morgan Stanley
Morgan Stanley's global American financial services and investment management headquarters are located at 1585 Broadway in Midtown Manhattan, New York City. Businesses, governments, institutions, and individuals are among the clients of the company, which has offices in 41 countries and employs over 75,000 people. Morgan Stanley ranked 61 on the 2021 Fortune 500 list of the largest American corporations by total revenue.
On September 16, 1935, J.P. Morgan & Co. partners Henry Sturgis Morgan (J.P. Morgan's grandson), Harold Stanley, and others established the first Morgan Stanley in response to the Glass-Steagall Act, which mandated the separation of American commercial and investment banking firms. In its first year of operations, the company has a 24% market share (about US$1.1 billion) for public offerings and private placements.
Morgan Stanley's market capitalization was $148.88 billion in March 2023. Morgan Stanley is now the world's 72nd most valuable corporation by market capitalization. According to Morgan Stanley's most recent financial reports, the company's current revenue (TTM) is $50.21 billion. In 2021, the corporation generated $56.41 billion in revenue, up from $45.26 billion in 2020.
Founded: 1935
Headquarters: Morgan Stanley Building, New York City, New York, U.S.
Website: morganstanley.com
