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Morgan Stanley Fourth Quarter and Full Year 2021 Earnings …

Media Relations: Wesley McDade 212-761-2430 Investor Relations: Leslie Bazos 212-761-5352 Morgan Stanley Fourth Quarter and Full Year 2021 Earnings Results Morgan Stanley Reports Fourth Quarter Net Revenues of $ Billion, EPS of $ and ROTCE of ; Record Full Year Net Revenues of $ Billion, EPS of $ and ROTCE of NEW YORK, January 19, 2022 Morgan Stanley (NYSE: MS) today reported net revenues of $ billion for the Fourth Quarter ended December 31, 2021 compared with $ billion a year ago. Net income applicable to Morgan Stanley was $ billion, or $ per diluted share,1 compared with $ billion, or $ per diluted share,1 for the same period a year ago. Full year net revenues were $ billion compared with $ billion a year ago. Net income applicable to Morgan Stanley for the current year was $ billion, or $ per diluted share,1 compared with $ billion, or $ per diluted share,1 a year ago.

Corporation (“E*TRADE”) and Eaton Vance Corp. (“Eaton Vance”). James P. Gorman, Chairman and Chief Executive Officer, said, “2021 was an outstanding year for our Firm. We delivered record net revenues of $60 billion and a ROTCE of 20%, with stand-out results in each of our business segments. Wealth

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