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Morgan Stanley has completely transformed itself since 2009

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Morgan Stanley just reported fourth-quarter earnings that beat on the top and bottom lines

The firm also provided a look into how it has transformed over the past six years in a "Strategic Update" presentation.

The bank has grown its wealth management division pretty dramatically.

The fixed income, currencies, and commodities trading division now makes up a much smaller chunk of revenues, relative to the rest of the firm.

Overall net revenue, excluding accounting adjustments, has jumped from $28.7 billion in 2009 to $34.5 billion in 2015.

Have a look: 

Screen Shot 2016 01 19 at 8.06.50 AM

In the fourth quarter, revenues in Morgan Stanley's wealth management division came in at $3.75 billion, far outpacing investment banking revenues of $1.31 billion and total trading revenues of $2.27 billion.

News broke late last year that the firm would cut about 25% of its FICC headcount. Those layoffs started to take place in December.

Greg Fleming, the president of the prized wealth management business, departed the firm earlier this month. Executive Colm Kelleher took over as sole president of the firm.

SEE ALSO: Morgan Stanley beats

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