Morgan Stanley
Morgan Stanley is a New York City-based subsidiary of the American multinational investment bank and financial services firm JPMorgan Chase & Co. The firm's clients range from corporations and governments to organizations and individuals, and it has offices in 41 countries with over 75,000 workers. On the Fortune 500 list of the 500 largest companies in the United States based on 2020 revenue, Morgan Stanley came in at number 61.
On September 16, 1935, in response to the Glass-Steagall Act, which mandated the separation of American commercial and investment banking businesses, J.P. Morgan & Co. partners Henry Sturgis Morgan (a grandson of J.P. Morgan), Harold Stanley, and others established the original Morgan Stanley. The company achieved a 24% market share in its first year of operation, raising $1.1 billion through public and private investments.
Morgan Stanley is worth $145.01 billion as of April 2023. Based on its market capitalization, Morgan Stanley is now the 82nd most valuable corporation in the world. Morgan Stanley has reported a TTM revenue of $50.21 billion as of the most recent fiscal period's end. The company's revenue in 2021 was $56.41 billion, up from $45.26 billion in the previous year.
Founded: 1935
Headquarters: Morgan Stanley BuildingNew York City, New York, U.S.
Website: morganstanley.com
