Morgan Stanley reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, net revenue was $7,830 million against $6,963 million a year ago. Income from continuing operations before taxes was $67 million against loss from continuing operations before taxes of $861 million a year ago. Income from continuing operations was $281 million against $852 million a year ago. Net income applicable to Morgan Stanley common share was $133 million against $568 million a year ago. Earnings per diluted share was $0.07 against $0.29 a year ago. Book value at the end of the quarter was $32.29 per share and tangible book value was $27.21 per share.

For the year, net revenue was $32,417 million against $26,102 million a year ago. Income from continuing operations before taxes was $4,632 million against $520 million a year ago. Income from continuing operations was $3,753 million against $757 million a year ago. Net income applicable to Morgan Stanley common share was $2,752 million against net loss applicable to Morgan Stanley common share of $30 million a year ago. Earnings per diluted share was $1.41 against loss per diluted share of $0.02 a year ago.

Morgan Stanley declared a $0.05 quarterly dividend per common share, payable on February 14, 2014 to common shareholders of record on January 31, 2014.