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Morgan Stanley

January 20, 2011 by staff 

Morgan Stanley, “Morgan Stanley”employés paid on average 256,595 each in 2010, an increase of 7.5% compared to 2009.

The company and set aside 16 billion last years for pay and benefits, an overall increase of 11% over the previous year, net income jumped 15%. “Morgan Stanley has 62,542 employees”, an increase of 3% over the previous year.

“Morgan Stanley has about 27,500 employees”more than rival Goldman Sachs, which means that the payment per employee is relatively low. Goldman, which reported results on Wednesday, has made an average of 430,700 each employee and the last year, down 14% from the previous year.

Calculations of “compensation per employee”Morgan Stanley are skewed somewhat by its brokerage force by about 18,100 members. In 2009, the company’s results included six months’ pay to these financial advisors, while 2010 includes compensation of advisors for a full year.

-By Liz Moyer, Dow Jones Newswires, 212-416-2512; liz.moyer @ dowjones.com

(Updated to add details)

By Liz Moyer
DOW Jones Newswires
NEW YORK (Dow Jones) – Morgan Stanley”(MS) for employees paid on average 256,595 each in 2010 and the compensation set aside for investment bankers and traders declined.

For the company as a whole, technically compensation increased 7.5% from 2009, but the period of the previous year includes only “pay to brokers working on” six months Morgan Stanley Smith Barney.”

James Gorman, “Chief Executive Officer Morgan Stanley,”has tried to keep a lid on earnings that Wall Street battles public outcry over large bonuses. In Morgan Institutional Securities Group, which includes investment banking and trading, clearing and was 7.1 billion last year. Excluding a charge of 269 million and a bonus tax in the United Kingdom, which was a decrease of 5.5% compared to 2009.

The percentage of compensation to net revenues of the investment-banking unit fell 43% from 56% last year.

Morgan’s wealth management unit and 7.8 billion paid in compensation last year, and from 6.1 billion last year, reflecting a full year to pay for more than 18,000 brokers “Morgan Stanley Barney Smith.”

Morgan Stanley reported a 35 percent increase in earnings in the fourth quarter on record revenues of its brokerage business, the largest in the world. Trading revenue in fixed income is the lowest since the fourth quarter of 2008.

Net income amounted to 836 million, or 41 cents per share, against 617 million, or 29 cents, a year earlier, the New York-based company said today in a statement. Earnings from continuing operations, excluding a gain of 17 percent on the sale of a stake in China International Capital Corp. and a tax gain of about 6 cents, were 20 cents per share. This is below the estimated 28-cent average of 13anlysts surveyed by Bloomberg.

Morgan Stanley has increased revenues of investment banks Goldman Sachs Group Inc. for the second time in three years and the highest profit margin brokerage because it bought a majority stake in a joint venture with Citigroup Inc. Smith Barney unit in 2009. CEO James Gorman, 52, replaced fixed-income trading head Jack DiMaio Deregt with Ken last week that fourth quarter trading revenue in fixed income was less than half of its rivals.

Source: http://online.wsj.com/article/BT-CO-20110120-706449.html

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