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Rank # of Fortune 500 Companies
Texas	58
New York	55
California	52

Company	Rank
Valero Energy	16
Goldman Sachs	20
Microsoft	44

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Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More

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FORTUNE 500

Our annual ranking of America's largest corporations

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21. Morgan Stanley

Get Quote: MS

Financials: Latest Results

Rank: 21 (Previous rank: 20)
Compare tool: Morgan Stanley vs. Top 10
CEO: John J. Mack
Address: 1585 Broadway
New York, NY 10036
Phone: 212-761-4000
Website: www.morganstanley.com

The second-largest investment bank became one of the hardest-hit firms in the mortgage crisis. In the fourth quarter, it took a $9.4 billion writedown on its mortgage-related securities and posted its first-ever quarterly loss of $3.6 billion.

That led to the departure of Co-President Zoe Cruz, a rising star who had been viewed as CEO John Mack's successor. For his part, Mack eschewed his annual bonus, pocketing only $1.5 million in salary. Thanks to heavy trading volume earlier in the year, the company ended 2007 in the black, with a $3.2 billion profit.

	$ millions	% change from 2006
Revenues	87,879.0	14.6
Profits	3,209.0	-57.1
Assets	1,045,409.0	—
Stockholders' equity	31,269.0	—
Market value (3/28/2008)	49,451.2	—

Profits as % of
Revenues	3.7
Assets	0.3
Stockholders' equity	10.3

Earnings per share
2007 $	2.98
% change from 2006	-57.9
1997-2007 annual growth rate %	3.7

Total return to investors	%
2007	-20.6
1997-2007 annual rate	9.7

Industry: Securities

Rank	Company	500 rank	Revenues ($ millions)
1	Goldman Sachs Group	20	87,968.0
2	Morgan Stanley	21	87,879.0
3	Merrill Lynch	30	64,217.0


4	Lehman Brothers Holdings	37	59,003.0
5	Bear Stearns	156	16,151.0
6	Franklin Resources	389	6,205.8
7	Charles Schwab	402	6,063.0
8	BlackRock	475	4,844.7
9	International Assets Holding	512	4,460.3
10	Legg Mason	524	4,343.7
11	NYSE Euronext	542	4,158.0
12	A.G. Edwards	655	3,126.1
13	Raymond James Financial	658	3,109.6
14	Jefferies Group	726	2,718.9
15	TD Ameritrade	746	2,632.4
16	Nasdaq OMX Group	786	2,436.6
17	T. Rowe Price	831	2,233.1
18	E*Trade Financial	833	2,222.6
19	Interactive Brokers Group	890	2,023.4
20	CME Group	959	1,756.1

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More competitors

From the May 5, 2008 issue

Figures are for fiscal year ended Nov. 30, 2007.
Revenues: Includes revenues from discontinued operations.
Morgan Stanley became a bank holding company, Sept. 21, 2008.

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FORTUNE 500

Our annual ranking of America's largest corporations