Morgan Stanley

Morgan Stanley is a leading global investment bank that has transformed itself in recent years, building a large and stable wealth and asset management franchise alongside its traditional trading and advisory businesses. That shift toward recurring, fee-based revenue has made its earnings less volatile and its overall profile more resilient than in the past. Morgan Stanley has paid and grown its dividend for three decades, and after the financial crisis it rebuilt the payout aggressively as capital strength returned. The yield is solid and the distribution well supported by a more stable earnings base. It offers an attractive and growing income stream from a financially robust bank, tempered by the cyclicality inherent to capital markets.