Business Overview
Prior to its merger with Morgan Stanley, Dean Witter Reynolds was a diversified financial services organization that provided a broad range of investment and consumer credit and investment products and services. Dean Witter operated in two lines of business: securities (including investment banking) and credit services and its operations were primarily focused on the U.S.
The following is a summary of the financial results of Dean Witter prior to its merger with Morgan Stanley:
| Year | 1996 | 1995 | 1994 |
|---|---|---|---|
| Revenue | $1,132 | $1,338 | $998 |
| Operating Income | $506 | $788 | $658 |
| Net Income | $951 | $856 | $741 |
| Total assets | $17,344 | $15,507 | - |
| Shareholder's equity | $5,164 | $4,834 | - |
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