Morgan Stanley (MS) Q3 2011 Earnings Call October 19, 2011 10:00 am ET Executives Ruth Porat - Chief Financial officer, Executive Vice President and Member of Operating Committee Celeste Brown - Managing Director James P. Gorman - Chief Executive officer, President, Director and Member of Operating Committee Analysts Michael Mayo - Credit Agricole Securities (USA) Inc., Research Division Glenn Schorr - Nomura Securities Co. Ltd., Research Division Howard Chen - Crédit Suisse AG, Research Division Brennan Hawken - UBS Investment Bank, Research Division Roger A. Freeman - Barclays Capital, Research Division Guy Moszkowski - BofA Merrill Lynch, Research Division PresentationCeleste Brown Good morning. This is Celeste Brown, Head of Investor Relations at Morgan Stanley. Welcome to our Third Quarter Earnings Call.
Today's presentation may include forward-looking statements which reflect the management's current estimates or beliefs and are subject to risks and uncertainties that may cause actual results to differ materially. The presentation may also include certain non-GAAP financial measures. Please see our SEC filings at www.morganstanley.com for a reconciliation of such non-GAAP measures to the comparable GAAP figures and for a discussion of additional risks and uncertainties that may affect the future results of Morgan Stanley. This presentation, which is copyrighted by Morgan Stanley and may not be duplicated or reproduced without our consent, is not an offer to buy or sell any security or instrument. I will now turn the call over to President and Chief Executive Officer, James Gorman. James P. Gorman Thank you, Celeste. Good morning, everyone. I'm pleased to be able to talk to you about our performance in these turbulent markets. Our businesses demonstrated resilience with strength across a number of our institutional areas complemented by stability among retail investors and ongoing performance in MSSB. I'm also happy that we will be finally able to address some of the concerns and misinformation that have weighed on the stock of late.