Morgan Stanley (MS) Fixed Income Investor presentation summary

Capital position and equity metrics

• Net income reached $11.0B in 2023, with common equity at $92.0B and tangible common equity at $75.9B as of 1H24.

• Standardized Common Equity Tier 1 Ratio was 15.2% in 2Q24, maintaining strong regulatory capital levels.

• Supplementary leverage ratio stood at 6.8% in 2Q24, reflecting prudent leverage management.

Liquidity and funding

• Liquidity coverage ratio averaged 131% in 2Q24, with $320B in average total liquidity resources.

• Core funding reached $349B in 2Q24, with deposits primarily sourced from wealth management clients.

• Weighted average maturity of borrowings is 6.5 years, supporting funding stability.

• Unsecured debt issuance is diversified by currency and tenor, with a robust maturity profile.

Lending portfolio and credit quality

• Total loans and lending commitments were $398B as of June 30, 2024, with $151B in wealth management loans.

• Commercial real estate loans (~$7B) are over 95% fully or partially guaranteed.

• Net charge-offs for 1H24 were 0.02%, and nonaccrual loans were 0.5% of total loans.