Reports Q4 revenue $12.749B, consensus $12.64B. Reports Q4 Tangible book value per share $40.06. Reports Q4 Standardized Common Equity Tier 1 capital ratio 15.3%. James Gorman, Chairman and Chief Executive Officer, said, "We reported solid fourth quarter results amidst a difficult market environment. Overall, 2022 was a strong year for the Firm as our clear strategy and balanced business model enabled us to deliver an ROTCE of 16% despite the complex macro backdrop. Wealth Management provided stability with record revenues and over $310 billion in net new assets, Investment Management benefited from diversification, and within Institutional Securities our Equity and Fixed Income revenues were strong, offset by Investment Banking. Our strong capital position allowed us to repurchase $10 billion of shares this year and we distributed a healthy dividend."
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