MSPRA Latest Report

Performance of the Current Report

Morgan Stanley's Preferred ADR recorded an operating revenue of US$16.223 billion as of December 31, 2024, up 25.75% from US$12.896 billion in the same period of 2023. This significant growth reflects the company's improvement in sales capacity and market demand.

Key Data in the Report

1. Operating revenue increased from US$12.896 billion to US$16.223 billion, up 25.75%.

2. The growth may be attributed to the overall economic recovery and increased demand for financial services.

3. The company launched several new products in 2024, enhancing customer appeal.

4. The company's market share increased, possibly through effective market strategies.

5. Expansion of the customer base is a significant factor in the growth of operating revenue, especially the increase in overseas institutional investors.

Peer Comparison

1. Industry-wide analysis: The financial industry performed well in 2024, especially the growth in revenue in investment banking and wealth management, reflecting the general increase in demand for financial services, especially in the context of economic recovery.

2. Peer evaluation analysis: Morgan Stanley's operating revenue growth is significant, and if the revenue growth rate of other companies in the industry is low, Morgan Stanley's performance will be more prominent, demonstrating its competitiveness in the industry.

Summary

Morgan Stanley achieved significant revenue growth in 2024, mainly due to the improvement in market demand, the launch of new products, and the expansion of the customer base. Although the company faces pressure in the market, the overall trend points to positive growth potential.

Opportunities

1. The new products and services launched can meet market demand and further enhance operating revenue.

2. The expansion of cross-border investment channels may attract more overseas customers and enhance market competitiveness.

3. In the context of overall economic recovery, the demand for financial services is expected to continue to grow, driving the company's performance up.

Risks

1. Intensified competition in the market, especially the expansion of market share by competitors such as Goldman, may affect Morgan Stanley's market position.

2. Although operating revenue has grown, a decline in net profit may indicate challenges in cost control.

3. Changes in financial policies and market environments may create uncertainties for future performance growth.