Morgan Stanley
The corporate headquarters of the global American financial services and investment management firm Morgan Stanley is located at 1585 Broadway in Midtown Manhattan, New York City. Clients of the company, which has offices in 41 nations and employs more than 75,000 people, include businesses, governments, institutions, and individuals. On the 2021 Fortune 500 list of the biggest American companies by total revenue, Morgan Stanley came in at number 61.
On September 16, 1935, the first Morgan Stanley was established by J.P. Morgan & Co. partners Henry Sturgis Morgan (J.P. Morgan's grandson), Harold Stanley, and others in response to the Glass-Steagall Act, which mandated the division of American commercial and investment banking firms. The company has a 24% market share (about US$1.1 billion) in its first year of operations for public offerings and private placements.
Morgan Stanley's market value was $148.88 billion as of March 2023. By market cap, Morgan Stanley is now the 72nd most valuable corporation in the world. The most recent financial reports from Morgan Stanley indicate that the company's current revenue (TTM) is $50.21 billion. The corporation generated $56.41 billion in revenue in 2021, an increase from $45.26 billion in revenue in 2020.
Founded: 1935
Headquarters: Morgan Stanley Building New York City, New York, U.S.
Website: morganstanley.com
