$MS RESULTS: Q2 • Net revenue $15.02B, EST $14.27B • Wealth management net revenue $6.79B, EST $6.86B • Equities sales & trading revenue $3.02B, EST $2.68B • FICC sales & trading revenue $2.00B, EST $1.86B • Institutional Investment Banking revenue $1.62B, EST $1.37B • Advisory revenue $592M, EST $523.3M • Equity underwriting rev. $352M, EST $346.8M • Fixed Income Underwriting revenue $675M, EST $515.8M • EPS $1.82 • Non-interest expenses $10.87B, EST $10.57B • Compensation expenses $6.46B, EST $6.36B • Non-compensation expenses $4.41B, EST $4.22B • Net interest income $2.07B, EST $1.78B • Book value per share $56.80 • Tangible book value per share $42.30 • Return on equity 13%, EST 11.7% • Return on tangible equity +17.5%, EST +15.7% • Standardized CET1 ratio 15.2%, EST 15.1% • Provision for credit losses $76M, EST $54.3M • Effective tax rate 23.5%, EST 23% • Assets under management $1.52 trillion, EST $1.53 trillion • Fee-based asset flows $26.0B, EST $25.26B