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Morgan Stanley – ‘10-Q’ for 6/30/20 – ‘EX-101.LAB’

On:  Tuesday, 8/4/20, at 4:06pm ET   ·   For:  6/30/20   ·   Accession #:  895421-20-429   ·   File #:  1-11758

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  As Of               Filer                 Filing    For·On·As Docs:Size

 8/04/20  Morgan Stanley                    10-Q        6/30/20  139:38M

Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML   5.36M 
 2: EX-15       Letter re: Unaudited Interim Financial Info         HTML     49K 
 3: EX-31.1     Certification -- §302 - SOA'02                      HTML     45K 
 4: EX-31.2     Certification -- §302 - SOA'02                      HTML     45K 
 5: EX-32.1     Certification -- §906 - SOA'02                      HTML     41K 
 6: EX-32.2     Certification -- §906 - SOA'02                      HTML     41K 
13: R1          Cover Page                                          HTML    116K 
14: R2          Consolidated Income Statements                      HTML    124K 
15: R3          Consolidated Comprehensive Income Statements        HTML     70K 
16: R4          Consolidated Balance Sheets                         HTML    124K 
17: R5          Consolidated Balance Sheets (Parenthetical)         HTML     70K 
18: R6          Consolidated Statements of Changes in Total Equity  HTML     93K 
19: R7          Consolidated Cash Flow Statements                   HTML    128K 
20: R8          Introduction and Basis of Presentation              HTML     49K 
21: R9          Significant Accounting Policies                     HTML     72K 
22: R10         Cash and Cash Equivalents                           HTML     49K 
23: R11         Fair Values                                         HTML    904K 
24: R12         Fair Value Option                                   HTML    109K 
25: R13         Derivative Instruments and Hedging Activities       HTML    466K 
26: R14         Investment Securities                               HTML    305K 
27: R15         Collateralized Transactions                         HTML    172K 
28: R16         Loans, Lending Commitments and Related Allowance    HTML    326K 
                for Credit Losses                                                
29: R17         Other Assets - Equity Method Investments            HTML     60K 
30: R18         Deposits                                            HTML     56K 
31: R19         Borrowings and Other Secured Financings             HTML     61K 
32: R20         Commitments, Guarantees and Contingencies           HTML    138K 
33: R21         Variable Interest Entities and Securitization       HTML    280K 
                Activities                                                       
34: R22         Regulatory Requirements                             HTML    165K 
35: R23         Total Equity                                        HTML    361K 
36: R24         Interest Income and Interest Expense                HTML     83K 
37: R25         Income Taxes                                        HTML     52K 
38: R26         Segment, Geographic and Revenue Information         HTML    305K 
39: R27         Significant Accounting Policies (Policies)          HTML     81K 
40: R28         Cash and Cash Equivalents (Tables)                  HTML     47K 
41: R29         Fair Values (Tables)                                HTML   1.25M 
42: R30         Fair Value Option (Tables)                          HTML    102K 
43: R31         Derivative Instruments and Hedging Activities       HTML    476K 
                (Tables)                                                         
44: R32         Investment Securities (Tables)                      HTML    306K 
45: R33         Collateralized Transactions (Tables)                HTML    178K 
46: R34         Loans, Lending Commitments and Related Allowance    HTML    326K 
                for Credit Losses (Tables)                                       
47: R35         Other Assets - Equity Method Investments (Tables)   HTML     57K 
48: R36         Deposits (Tables)                                   HTML     57K 
49: R37         Borrowings and Other Secured Financings (Tables)    HTML     60K 
50: R38         Commitments, Guarantees and Contingencies (Tables)  HTML    117K 
51: R39         Variable Interest Entities and Securitization       HTML    287K 
                Activities (Tables)                                              
52: R40         Regulatory Requirements (Tables)                    HTML    161K 
53: R41         Total Equity (Tables)                               HTML    430K 
54: R42         Interest Income and Interest Expense (Tables)       HTML     83K 
55: R43         Income Taxes (Tables)                               HTML     49K 
56: R44         Segment, Geographic and Revenue Information         HTML    314K 
                (Tables)                                                         
57: R45         Significant Accounting Policies - Narrative         HTML     61K 
                (Details)                                                        
58: R46         Cash and Cash Equivalents - Summary (Details)       HTML     49K 
59: R47         Fair Values - Assets and Liabilities Measured at    HTML    220K 
                Fair Value on a Recurring Basis (Details)                        
60: R48         Fair Values - Detail of Loans and Lending           HTML     60K 
                Commitments at Fair Value and Unsettled Fair Value               
                of Futures Contracts (Details)                                   
61: R49         Fair Values - Activity of Level 3 Assets and        HTML    183K 
                Liabilities Measured at Fair Value on a Recurring                
                Basis (Details)                                                  
62: R50         Fair Values - Valuation Techniques and Sensitivity  HTML    336K 
                of Unobservable Inputs Used in Level 3 Fair Value                
                Measurements (Details)                                           
63: R51         Fair Values - Fund Interests Measured Based on Net  HTML     61K 
                Asset Value (Details)                                            
64: R52         Fair Values - Assets and Liabilities Measured at    HTML     79K 
                Fair Value on a Nonrecurring Basis (Details)                     
65: R53         Fair Values - Financial Instruments Not Measured    HTML    109K 
                at Fair Value (Details)                                          
66: R54         Fair Value Option - Borrowings Measured at Fair     HTML     54K 
                Value on a Recurring Basis (Details)                             
67: R55         Fair Value Option - Net Revenues from Borrowings    HTML     47K 
                under the Fair Value Option (Details)                            
68: R56         Fair Value Option - Gains (Losses) Due to Changes   HTML     60K 
                in Instrument-Specific Credit Risk (Details)                     
69: R57         Fair Value Option - Difference Between Contractual  HTML     45K 
                Principal and Fair Value (Details)                               
70: R58         Fair Value Option - Fair Value Loans on Nonaccrual  HTML     42K 
                Status (Details)                                                 
71: R59         Derivative Instruments and Hedging Activities -     HTML    177K 
                Fair Values of Derivative Contracts (Details)                    
72: R60         Derivative Instruments and Hedging Activities -     HTML    108K 
                Notionals of Derivative Contracts (Details)                      
73: R61         Derivative Instruments and Hedging Activities -     HTML     79K 
                Gains (Losses) on Accounting Hedges and Fair Value               
                Hedges (Details)                                                 
74: R62         Derivative Instruments and Hedging Activities -     HTML     52K 
                Credit Risk-Related Contingencies (Details)                      
75: R63         Derivative Instruments and Hedging Activities -     HTML    101K 
                Maximum Potential Payout/Notional of Credit                      
                Protection Sold (Details)                                        
76: R64         Derivative Instruments and Hedging Activities -     HTML     57K 
                Fair Value Asset/(Liability) of Credit Protection                
                Sold (Details)                                                   
77: R65         Derivative Instruments and Hedging Activities -     HTML     53K 
                Protection Purchased with CDS (Details)                          
78: R66         Investment Securities - AFS and HTM Securities      HTML    108K 
                (Details)                                                        
79: R67         Investment Securities - Narrative (Details)         HTML     48K 
80: R68         Investment Securities - Investment Securities in    HTML     89K 
                an Unrealized Loss Position (Details)                            
81: R69         Investment Securities - Investment Securities by    HTML    181K 
                Contractual Maturity (Details)                                   
82: R70         Investment Securities - Gross Realized Gains        HTML     45K 
                (Losses) on Sales of AFS Securities (Details)                    
83: R71         Collateralized Transactions - Offsetting of         HTML    107K 
                Certain Collateralized Transactions (Details)                    
84: R72         Collateralized Transactions - Gross Secured         HTML     83K 
                Financing Balances (Details)                                     
85: R73         Collateralized Transactions - Assets Loaned or      HTML     45K 
                Pledged (Details)                                                
86: R74         Collateralized Transactions - Collateral Received   HTML     43K 
                (Details)                                                        
87: R75         Collateralized Transactions - Securities            HTML     40K 
                Segregated for Regulatory Purposes (Details)                     
88: R76         Collateralized Transactions - Customer Margin       HTML     40K 
                Lending (Details)                                                
89: R77         Loans, Lending Commitments and Related Allowance    HTML     93K 
                for Credit Losses - Loans by Type (Details)                      
90: R78         Loans, Lending Commitments and Related Allowance    HTML    135K 
                for Credit Losses - Loans Held for Investment                    
                before Allowance by Origination Year (Details)                   
91: R79         Loans, Lending Commitments and Related Allowance    HTML     75K 
                for Credit Losses - Past Due Status of Loans Held                
                for Investment before Allowance (Details)                        
92: R80         Loans, Lending Commitments and Related Allowance    HTML     44K 
                for Credit Losses - Troubled Debt Restructurings                 
                (Details)                                                        
93: R81         Loans, Lending Commitments and Related Allowance    HTML    107K 
                for Credit Losses - Allowance for Credit Losses                  
                Rollforward - Loans and Lending Commitments                      
                (Details)                                                        
94: R82         Loans, Lending Commitments and Related Allowance    HTML     58K 
                for Credit Losses - Employee Loans (Details)                     
95: R83         Other Assets - Equity Method Investments -          HTML     46K 
                Balances (Details)                                               
96: R84         Other Assets - Equity Method Investments - Joint    HTML     53K 
                Ventures (Details)                                               
97: R85         Deposits - Summary (Details)                        HTML     48K 
98: R86         Deposits - Time Deposit Maturities (Details)        HTML     53K 
99: R87         Borrowings and Other Secured Financings -           HTML     54K 
                Borrowings (Details)                                             
100: R88         Borrowings and Other Secured Financings - Other     HTML     46K  
                Secured Financings (Details)                                     
101: R89         Commitments, Guarantees and Contingencies -         HTML     78K  
                Commitments (Details)                                            
102: R90         Commitments, Guarantees and Contingencies -         HTML    114K  
                Obligations under Guarantee Arrangements (Details)               
103: R91         Commitments, Guarantees and Contingencies -         HTML     71K  
                Narrative (Details)                                              
104: R92         Variable Interest Entities and Securitization       HTML     54K  
                Activities - Assets and Liabilities by Type of                   
                Activity (Details)                                               
105: R93         Variable Interest Entities and Securitization       HTML     67K  
                Activities - Assets and Liabilities by Balance                   
                Sheet Caption (Details)                                          
106: R94         Variable Interest Entities and Securitization       HTML     98K  
                Activities - Non-Consolidated VIEs (Details)                     
107: R95         Variable Interest Entities and Securitization       HTML     60K  
                Activities - Mortgage and Asset Backed                           
                Securitization Assets (Details)                                  
108: R96         Variable Interest Entities and Securitization       HTML     81K  
                Activities - Transferred Assets with Continuing                  
                Involvement (Details)                                            
109: R97         Variable Interest Entities and Securitization       HTML     67K  
                Activities - Fair Value of Transferred Assets with               
                Continuing Involvement (Details)                                 
110: R98         Variable Interest Entities and Securitization       HTML     49K  
                Activities - Proceeds from New Securitization                    
                Transactions and Sales of Loans (Details)                        
111: R99         Variable Interest Entities and Securitization       HTML     54K  
                Activities - Assets Sold with Retained Exposure                  
                (Details)                                                        
112: R100        Regulatory Requirements - Narrative (Details)       HTML     43K  
113: R101        Regulatory Requirements - The Firm's Regulatory     HTML     81K  
                Capital and Capital Ratios (Details)                             
114: R102        Regulatory Requirements - U.S. Bank Subsidiaries'   HTML    105K  
                Regulatory Capital and Capital Ratios (Details)                  
115: R103        Regulatory Requirements - U.S. Broker-Dealer        HTML     48K  
                Regulatory Capital Requirements (Details)                        
116: R104        Total Equity - Preferred Stock Outstanding          HTML     72K  
                (Details)                                                        
117: R105        Total Equity - Common Shares Outstanding for Basic  HTML     48K  
                and Diluted EPS (Details)                                        
118: R106        Total Equity - Common Stock Repurchases (Details)   HTML     41K  
119: R107        Total Equity - Narrative (Details)                  HTML     41K  
120: R108        Total Equity - Dividends (Details)                  HTML     74K  
121: R109        Total Equity - Cumulative Adjustments to Beginning  HTML     54K  
                Retained Earnings Related to the Adoption of                     
                Accounting Updates (Details)                                     
122: R110        Total Equity - Accumulated Other Comprehensive      HTML     62K  
                Income (Loss) (Details)                                          
123: R111        Total Equity - Components of Period Changes in OCI  HTML    115K  
                (Details)                                                        
124: R112        Interest Income and Interest Expense - Summary      HTML     67K  
                (Details)                                                        
125: R113        Interest Income and Interest Expense - Accrued      HTML     42K  
                Interest (Details)                                               
126: R114        Income Taxes - Summary (Details)                    HTML     43K  
127: R115        Segment, Geographic and Revenue Information -       HTML    118K  
                Selected Financial Information by Business Segment               
                (Details)                                                        
128: R116        Segment, Geographic and Revenue Information -       HTML     54K  
                Institutional Securities - Investment Banking                    
                Revenues (Details)                                               
129: R117        Segment, Geographic and Revenue Information -       HTML     53K  
                Trading Revenues by Product Type (Details)                       
130: R118        Segment, Geographic and Revenue Information -       HTML     40K  
                Investment Management Investments Revenues - Net                 
                Unrealized Carried Interest (Details)                            
131: R119        Segment, Geographic and Revenue Information -       HTML     40K  
                Investment Management Asset Management Revenues -                
                Reduction of Fees due to Fee Waivers (Details)                   
132: R120        Segment, Geographic and Revenue Information - Net   HTML     47K  
                Revenues by Region (Details)                                     
133: R121        Segment, Geographic and Revenue Information -       HTML     40K  
                Revenue Recognized from Prior Services (Details)                 
134: R122        Segment, Geographic and Revenue Information -       HTML     41K  
                Receivables from Contracts with Customers                        
                (Details)                                                        
135: R123        Segment, Geographic and Revenue Information -       HTML     47K  
                Assets by Business Segment (Details)                             
137: XML         IDEA XML File -- Filing Summary                      XML    271K  
12: XML         XBRL Instance -- msq2202010q_htm                     XML  14.47M 
136: EXCEL       IDEA Workbook of Financial Reports                  XLSX    244K  
 8: EX-101.CAL  XBRL Calculations -- ms-20200630_cal                 XML    423K 
 9: EX-101.DEF  XBRL Definitions -- ms-20200630_def                  XML   1.68M 
10: EX-101.LAB  XBRL Labels -- ms-20200630_lab                       XML   3.36M 
11: EX-101.PRE  XBRL Presentations -- ms-20200630_pre                XML   2.22M 
 7: EX-101.SCH  XBRL Schema -- ms-20200630                           XSD    383K 
138: JSON        XBRL Instance as JSON Data -- MetaLinks              669±  1.07M  
139: ZIP         XBRL Zipped Folder -- 0000895421-20-000429-xbrl      Zip   1.00M

‘EX-101.LAB’   —   XBRL Labels — ms-20200630_lab

This Exhibit is an XBRL XML File.

                                                                                                                                                                                
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<link:label id="lab_us-gaap_StatementEquityComponentsAxis_CB26A30E6F61C398C5549AAF53025148_terseLabel_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_CB26A30E6F61C398C5549AAF53025148" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Components [Axis] </link:label>
<link:label id="lab_us-gaap_StatementEquityComponentsAxis_CB26A30E6F61C398C5549AAF53025148_label_en-US" xlink:label="lab_us-gaap_StatementEquityComponentsAxis_CB26A30E6F61C398C5549AAF53025148" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Components [Axis] </link:label>
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<link:label id="lab_us-gaap_EquityComponentDomain_C47FFE13FC06F217845E9AAF5302C678_terseLabel_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_C47FFE13FC06F217845E9AAF5302C678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Component [Domain] </link:label>
<link:label id="lab_us-gaap_EquityComponentDomain_C47FFE13FC06F217845E9AAF5302C678_label_en-US" xlink:label="lab_us-gaap_EquityComponentDomain_C47FFE13FC06F217845E9AAF5302C678" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Component [Domain] </link:label>
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<link:label id="lab_us-gaap_RetainedEarningsMember_A04467137F185E2ED09E9AAF5302ED69_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_A04467137F185E2ED09E9AAF5302ED69" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained Earnings </link:label>
<link:label id="lab_us-gaap_RetainedEarningsMember_A04467137F185E2ED09E9AAF5302ED69_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsMember_A04467137F185E2ED09E9AAF5302ED69" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings [Member] </link:label>
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<link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_05D453BD2AC18095DDA89AAF53031D6D_terseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_05D453BD2AC18095DDA89AAF53031D6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments for New Accounting Pronouncements [Axis] </link:label>
<link:label id="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_05D453BD2AC18095DDA89AAF53031D6D_label_en-US" xlink:label="lab_us-gaap_AdjustmentsForNewAccountingPronouncementsAxis_05D453BD2AC18095DDA89AAF53031D6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments for New Accounting Pronouncements [Axis] </link:label>
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<link:label id="lab_us-gaap_TypeOfAdoptionMember_CA4DA2D3F64A330C1D089AAF53031285_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_CA4DA2D3F64A330C1D089AAF53031285" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Type of Adoption [Domain] </link:label>
<link:label id="lab_us-gaap_TypeOfAdoptionMember_CA4DA2D3F64A330C1D089AAF53031285_label_en-US" xlink:label="lab_us-gaap_TypeOfAdoptionMember_CA4DA2D3F64A330C1D089AAF53031285" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Type of Adoption [Domain] </link:label>
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<link:label id="lab_us-gaap_AccountingStandardsUpdate201613Member_37BEA90A372CB963935B9AAF53034330_label_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201613Member_37BEA90A372CB963935B9AAF53034330" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update 2016-13 [Member] </link:label>
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<link:label id="lab_us-gaap_AccountingStandardsUpdate201602Member_D3ED689C30747C8E2ACC9AAF53035458_label_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201602Member_D3ED689C30747C8E2ACC9AAF53035458" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update 2016-02 [Member] </link:label>
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<link:label id="lab_us-gaap_RetainedEarningsAdjustmentsLineItems_70E8373C6925491E58F09AAF5304D601_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAdjustmentsLineItems_70E8373C6925491E58F09AAF5304D601" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained Earnings Adjustments [Line Items] </link:label>
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<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B0D10B317B297A80BA8C9AAF5304264B_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B0D10B317B297A80BA8C9AAF5304264B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cumulative adjustments for accounting changes </link:label>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B0D10B317B297A80BA8C9AAF5304264B_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest_B0D10B317B297A80BA8C9AAF5304264B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest </link:label>
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<link:label id="lab_us-gaap_FairValueDisclosuresAbstract_F64823CE3F99900432F29AAF55EB77C1_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresAbstract_F64823CE3F99900432F29AAF55EB77C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosures [Abstract] </link:label>
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<link:label id="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_D4BE535ACAC34A7208F19AAF55EC775F_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_D4BE535ACAC34A7208F19AAF55EC775F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and other debt </link:label>
<link:label id="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_D4BE535ACAC34A7208F19AAF55EC775F_label_en-US" xlink:label="lab_us-gaap_FairValueOptionAggregateDifferencesLoansAndLongTermReceivables_D4BE535ACAC34A7208F19AAF55EC775F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Option, Aggregate Differences, Loans and Long-term Receivables </link:label>
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<link:label id="lab_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference_024764AFE1B830E5A9E49AAF55ECE6D0_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateDifference_024764AFE1B830E5A9E49AAF55ECE6D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonaccrual loans </link:label>
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<link:label id="lab_ms_FairValueOptionAggregateDifferencesDebt_74458CBFECC3BCF326F79AAF55EC0EAB_terseLabel_en-US" xlink:label="lab_ms_FairValueOptionAggregateDifferencesDebt_74458CBFECC3BCF326F79AAF55EC0EAB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_ms_FairValueOptionAggregateDifferencesDebt_74458CBFECC3BCF326F79AAF55EC0EAB_label_en-US" xlink:label="lab_ms_FairValueOptionAggregateDifferencesDebt_74458CBFECC3BCF326F79AAF55EC0EAB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Option Aggregate Differences Debt </link:label>
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<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_A27FF30737B1A207A4C19AAF56897632_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTable_A27FF30737B1A207A4C19AAF56897632" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Recurring and Nonrecurring [Table] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_D7ED8E7018E2C31A17369AAF5689D53A_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_D7ED8E7018E2C31A17369AAF5689D53A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable Portfolio Segment [Domain] </link:label>
<link:label id="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_D7ED8E7018E2C31A17369AAF5689D53A_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablePortfolioSegmentDomain_D7ED8E7018E2C31A17369AAF5689D53A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Portfolio Segment [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivablePortfolioSegmentDomain" xlink:label="loc_us-gaap_FinancingReceivablePortfolioSegmentDomain_D7ED8E7018E2C31A17369AAF5689D53A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommercialPortfolioSegmentMember_77E85655BFBC55D3BDB89AAF56898382_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialPortfolioSegmentMember_77E85655BFBC55D3BDB89AAF56898382" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate </link:label>
<link:label id="lab_us-gaap_CommercialPortfolioSegmentMember_77E85655BFBC55D3BDB89AAF56898382_label_en-US" xlink:label="lab_us-gaap_CommercialPortfolioSegmentMember_77E85655BFBC55D3BDB89AAF56898382" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Portfolio Segment [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialPortfolioSegmentMember" xlink:label="loc_us-gaap_CommercialPortfolioSegmentMember_77E85655BFBC55D3BDB89AAF56898382" xlink:type="locator"/>
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<link:label id="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9_terseLabel_en-US" xlink:label="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Secured lending facilities </link:label>
<link:label id="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9_label_en-US" xlink:label="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Lending Facilities [Member] </link:label>
<link:label id="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9_documentation_en-US" xlink:label="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Secured Lending Facilities </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuredLendingFacilitiesMember" xlink:label="loc_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:to="lab_ms_SecuredLendingFacilitiesMember_2260664CC16903350A809AAF568AD8D9" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommercialRealEstatePortfolioSegmentMember_5055443FDD40179B72179AAF568A8FF1_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialRealEstatePortfolioSegmentMember_5055443FDD40179B72179AAF568A8FF1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial real estate </link:label>
<link:label id="lab_us-gaap_CommercialRealEstatePortfolioSegmentMember_5055443FDD40179B72179AAF568A8FF1_label_en-US" xlink:label="lab_us-gaap_CommercialRealEstatePortfolioSegmentMember_5055443FDD40179B72179AAF568A8FF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Real Estate Portfolio Segment [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialRealEstatePortfolioSegmentMember" xlink:label="loc_us-gaap_CommercialRealEstatePortfolioSegmentMember_5055443FDD40179B72179AAF568A8FF1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD_terseLabel_en-US" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Residential real estate </link:label>
<link:label id="lab_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD_label_en-US" xlink:label="lab_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Residential Portfolio Segment [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialPortfolioSegmentMember" xlink:label="loc_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD" xlink:to="lab_us-gaap_ResidentialPortfolioSegmentMember_4BA36C4B730349DC56009AAF568AA4FD" xlink:type="arc"/>
<link:label id="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB_terseLabel_en-US" xlink:label="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities-based lending and Other loans </link:label>
<link:label id="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB_label_en-US" xlink:label="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities-Based Lending and Other Loans [Member] </link:label>
<link:label id="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB_documentation_en-US" xlink:label="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Securities-Based Lending and Other Loans [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritiesBasedLendingandOtherLoansMember" xlink:label="loc_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:to="lab_ms_SecuritiesBasedLendingandOtherLoansMember_4CA36CEDCB89526B82179AAF568AB7EB" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instrument [Axis] </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="loc_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282" xlink:to="lab_us-gaap_FinancialInstrumentAxis_6A6B7CC8D229940AA6599AAF568BF282" xlink:type="arc"/>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_88C03DE0F63BAAFA3D499AAF568B99FF_terseLabel_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_88C03DE0F63BAAFA3D499AAF568B99FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Domain] </link:label>
<link:label id="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_88C03DE0F63BAAFA3D499AAF568B99FF_label_en-US" xlink:label="lab_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_88C03DE0F63BAAFA3D499AAF568B99FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="loc_us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_88C03DE0F63BAAFA3D499AAF568B99FF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SeniorDebtObligationsMember_B4E11933E99F98E3D0F19AAF568B62E2_terseLabel_en-US" xlink:label="lab_us-gaap_SeniorDebtObligationsMember_B4E11933E99F98E3D0F19AAF568B62E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and lending commitments </link:label>
<link:label id="lab_us-gaap_SeniorDebtObligationsMember_B4E11933E99F98E3D0F19AAF568B62E2_label_en-US" xlink:label="lab_us-gaap_SeniorDebtObligationsMember_B4E11933E99F98E3D0F19AAF568B62E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Senior Debt Obligations [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeniorDebtObligationsMember" xlink:label="loc_us-gaap_SeniorDebtObligationsMember_B4E11933E99F98E3D0F19AAF568B62E2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FutureMember_E8C11AFC9DFCC9493DEF9AAF568BC170_terseLabel_en-US" xlink:label="lab_us-gaap_FutureMember_E8C11AFC9DFCC9493DEF9AAF568BC170" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Futures Contracts </link:label>
<link:label id="lab_us-gaap_FutureMember_E8C11AFC9DFCC9493DEF9AAF568BC170_label_en-US" xlink:label="lab_us-gaap_FutureMember_E8C11AFC9DFCC9493DEF9AAF568BC170" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Future [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FutureMember" xlink:label="loc_us-gaap_FutureMember_E8C11AFC9DFCC9493DEF9AAF568BC170" xlink:type="locator"/>
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<link:label id="lab_us-gaap_BalanceSheetLocationAxis_BFF771FE408C9E0FCAB59AAF568B9AA3_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_BFF771FE408C9E0FCAB59AAF568B9AA3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Axis] </link:label>
<link:label id="lab_us-gaap_BalanceSheetLocationAxis_BFF771FE408C9E0FCAB59AAF568B9AA3_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationAxis_BFF771FE408C9E0FCAB59AAF568B9AA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="loc_us-gaap_BalanceSheetLocationAxis_BFF771FE408C9E0FCAB59AAF568B9AA3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_BalanceSheetLocationDomain_84A7D54EDA7E5AF544B29AAF568C9177_terseLabel_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_84A7D54EDA7E5AF544B29AAF568C9177" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Domain] </link:label>
<link:label id="lab_us-gaap_BalanceSheetLocationDomain_84A7D54EDA7E5AF544B29AAF568C9177_label_en-US" xlink:label="lab_us-gaap_BalanceSheetLocationDomain_84A7D54EDA7E5AF544B29AAF568C9177" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Balance Sheet Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="loc_us-gaap_BalanceSheetLocationDomain_84A7D54EDA7E5AF544B29AAF568C9177" xlink:type="locator"/>
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<link:label id="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D_terseLabel_en-US" xlink:label="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounts Receivable and Other Receivables, Net </link:label>
<link:label id="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D_label_en-US" xlink:label="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts Receivable and Other Receivables, Net [Member] </link:label>
<link:label id="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D_documentation_en-US" xlink:label="lab_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Primary financial statement caption encompassing accounts receivable and other receivables, net of accounts payable and other payables. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AccountsReceivableAndOtherReceivablesNetMember" xlink:label="loc_ms_AccountsReceivableAndOtherReceivablesNetMember_CE926C3C9C69C7A95BA49AAF568CF67D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_A9400C658751A89CAA639AAF568C4CB1_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_A9400C658751A89CAA639AAF568C4CB1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measurement Frequency [Axis] </link:label>
<link:label id="lab_us-gaap_FairValueByMeasurementFrequencyAxis_A9400C658751A89CAA639AAF568C4CB1_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementFrequencyAxis_A9400C658751A89CAA639AAF568C4CB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Frequency [Axis] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementFrequencyDomain_1DF4D05EE3958977324C9AAF568D4AE6_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementFrequencyDomain_1DF4D05EE3958977324C9AAF568D4AE6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Frequency [Domain] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_637F1E0FC431FA46E08B9AAF568D17CD_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_637F1E0FC431FA46E08B9AAF568D17CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recurring </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsRecurringMember_637F1E0FC431FA46E08B9AAF568D17CD_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsRecurringMember_637F1E0FC431FA46E08B9AAF568D17CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Recurring [Member] </link:label>
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<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_05A6581FA508391A09A89AAF568D72CF_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_05A6581FA508391A09A89AAF568D72CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurements </link:label>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_05A6581FA508391A09A89AAF568D72CF_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems_05A6581FA508391A09A89AAF568D72CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] </link:label>
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<link:label id="lab_us-gaap_TradingSecuritiesDebt_E9E8175C00C84C3A27019AAF568D67E8_terseLabel_en-US" xlink:label="lab_us-gaap_TradingSecuritiesDebt_E9E8175C00C84C3A27019AAF568D67E8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading assets </link:label>
<link:label id="lab_us-gaap_TradingSecuritiesDebt_E9E8175C00C84C3A27019AAF568D67E8_label_en-US" xlink:label="lab_us-gaap_TradingSecuritiesDebt_E9E8175C00C84C3A27019AAF568D67E8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Trading </link:label>
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<link:label id="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D_terseLabel_en-US" xlink:label="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets, unsettled fair value </link:label>
<link:label id="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D_label_en-US" xlink:label="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Fair Value, Unsettled </link:label>
<link:label id="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D_documentation_en-US" xlink:label="lab_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Unsettled fair value of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DerivativeAssetFairValueUnsettled" xlink:label="loc_ms_DerivativeAssetFairValueUnsettled_E4FF7466A42464E2C65A9AAF568E017D" xlink:type="locator"/>
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<link:label id="lab_ms_VariableInterestEntitiesAndSecuritizationActivitiesAbstract_D8931BFE36BACD460CEC9AAF53A07FAA_label_en-US" xlink:label="lab_ms_VariableInterestEntitiesAndSecuritizationActivitiesAbstract_D8931BFE36BACD460CEC9AAF53A07FAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities and Securitization Activities [Abstract] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_VariableInterestEntitiesAndSecuritizationActivitiesAbstract" xlink:label="loc_ms_VariableInterestEntitiesAndSecuritizationActivitiesAbstract_D8931BFE36BACD460CEC9AAF53A07FAA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable_2010916CC7B2B8B925C19AAF53A068F1_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable_2010916CC7B2B8B925C19AAF53A068F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales [Table] </link:label>
<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable_2010916CC7B2B8B925C19AAF53A068F1_label_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable_2010916CC7B2B8B925C19AAF53A068F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable" xlink:label="loc_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTable_2010916CC7B2B8B925C19AAF53A068F1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransactionTypeAxis_2A6C11A6A68AF65DAC7D9AAF53A17F47_terseLabel_en-US" xlink:label="lab_us-gaap_TransactionTypeAxis_2A6C11A6A68AF65DAC7D9AAF53A17F47" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transaction Type [Axis] </link:label>
<link:label id="lab_us-gaap_TransactionTypeAxis_2A6C11A6A68AF65DAC7D9AAF53A17F47_label_en-US" xlink:label="lab_us-gaap_TransactionTypeAxis_2A6C11A6A68AF65DAC7D9AAF53A17F47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transaction Type [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransactionTypeAxis" xlink:label="loc_us-gaap_TransactionTypeAxis_2A6C11A6A68AF65DAC7D9AAF53A17F47" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransactionDomain_FD159A06129DE44796979AAF53A116CA_terseLabel_en-US" xlink:label="lab_us-gaap_TransactionDomain_FD159A06129DE44796979AAF53A116CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transaction [Domain] </link:label>
<link:label id="lab_us-gaap_TransactionDomain_FD159A06129DE44796979AAF53A116CA_label_en-US" xlink:label="lab_us-gaap_TransactionDomain_FD159A06129DE44796979AAF53A116CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transaction [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransactionDomain" xlink:label="loc_us-gaap_TransactionDomain_FD159A06129DE44796979AAF53A116CA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA_verboseLabel_en-US" xlink:label="lab_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Bilateral OTC </link:label>
<link:label id="lab_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA_label_en-US" xlink:label="lab_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Over the Counter [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OverTheCounterMember" xlink:label="loc_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA" xlink:to="lab_us-gaap_OverTheCounterMember_B79B88110F3E841B357D9AAF53A137AA" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityContractMember_5EE4811D625F1B8BBA469AAF53A2389A_verboseLabel_en-US" xlink:label="lab_us-gaap_EquityContractMember_5EE4811D625F1B8BBA469AAF53A2389A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Equity Derivatives </link:label>
<link:label id="lab_us-gaap_EquityContractMember_5EE4811D625F1B8BBA469AAF53A2389A_label_en-US" xlink:label="lab_us-gaap_EquityContractMember_5EE4811D625F1B8BBA469AAF53A2389A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Contract [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityContractMember" xlink:label="loc_us-gaap_EquityContractMember_5EE4811D625F1B8BBA469AAF53A2389A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems_EC8FC337F8517F03FCAF9AAF53A38857_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems_EC8FC337F8517F03FCAF9AAF53A38857" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales </link:label>
<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems_EC8FC337F8517F03FCAF9AAF53A38857_label_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems_EC8FC337F8517F03FCAF9AAF53A38857" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems" xlink:label="loc_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesLineItems_EC8FC337F8517F03FCAF9AAF53A38857" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized_0E53458CACA6C7B19D899AAF53A3EC43_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized_0E53458CACA6C7B19D899AAF53A3EC43" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gross cash proceeds from sale of assets </link:label>
<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized_0E53458CACA6C7B19D899AAF53A3EC43_label_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesAmountDerecognized_0E53458CACA6C7B19D899AAF53A3EC43" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales, Amount Derecognized </link:label>
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<link:label id="lab_ms_TransferOfFinancialAssetsAssetsSoldWithRetainedExposureAbstract_180D8BB38D5F024387589AAF53A360C0_terseLabel_en-US" xlink:label="lab_ms_TransferOfFinancialAssetsAssetsSoldWithRetainedExposureAbstract_180D8BB38D5F024387589AAF53A360C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair value </link:label>
<link:label id="lab_ms_TransferOfFinancialAssetsAssetsSoldWithRetainedExposureAbstract_180D8BB38D5F024387589AAF53A360C0_label_en-US" xlink:label="lab_ms_TransferOfFinancialAssetsAssetsSoldWithRetainedExposureAbstract_180D8BB38D5F024387589AAF53A360C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer Of Financial Assets, Assets Sold With Retained Exposure [Abstract] </link:label>
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<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets_4ED1F015464C9453B8719AAF53A3D4A3_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets_4ED1F015464C9453B8719AAF53A3D4A3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets sold </link:label>
<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets_4ED1F015464C9453B8719AAF53A3D4A3_label_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets_4ED1F015464C9453B8719AAF53A3D4A3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales, Fair Value of Derecognized Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets" xlink:label="loc_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesFairValueOfDerecognizedAssets_4ED1F015464C9453B8719AAF53A3D4A3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_A56B13BD95B4DFD663CA9AAF53A49BED_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiability_A56B13BD95B4DFD663CA9AAF53A49BED" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Fair Value, Gross Liability </link:label>
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<link:label id="lab_us-gaap_FairValueDisclosuresTextBlock_DCD77A2F7834365355979AAF56B87068_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosuresTextBlock_DCD77A2F7834365355979AAF56B87068" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosures [Text Block] </link:label>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesAbstract_DB1CC929FDC0625DBC9D9AAF553AEBAC_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesAbstract_DB1CC929FDC0625DBC9D9AAF553AEBAC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale [Abstract] </link:label>
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<link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7A77BC43DED6DBA4C4E59AAF553A4753_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGain_7A77BC43DED6DBA4C4E59AAF553A4753" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Realized Gain </link:label>
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<link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGainLoss_8F4A5F0F4869370E16C39AAF553B15D6_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleRealizedGainLoss_8F4A5F0F4869370E16C39AAF553B15D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Realized Gain (Loss) </link:label>
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<link:label id="lab_us-gaap_DepositsAbstract_37CE9797F09A0078FB089AAF548E883D_label_en-US" xlink:label="lab_us-gaap_DepositsAbstract_37CE9797F09A0078FB089AAF548E883D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposits [Abstract] </link:label>
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<link:label id="lab_us-gaap_DepositLiabilitiesDisclosuresTextBlock_CDD712729E47E218D3319AAF548E79D4_terseLabel_en-US" xlink:label="lab_us-gaap_DepositLiabilitiesDisclosuresTextBlock_CDD712729E47E218D3319AAF548E79D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
<link:label id="lab_us-gaap_DepositLiabilitiesDisclosuresTextBlock_CDD712729E47E218D3319AAF548E79D4_label_en-US" xlink:label="lab_us-gaap_DepositLiabilitiesDisclosuresTextBlock_CDD712729E47E218D3319AAF548E79D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposit Liabilities Disclosures [Text Block] </link:label>
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<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable_ADE86729BF7D194BC1709AAF563143F8_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTable_ADE86729BF7D194BC1709AAF563143F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Table] </link:label>
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<link:label id="lab_us-gaap_InvestmentTypeAxis_E99F9D90FDF196039CDB9AAF56327359_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentTypeAxis_E99F9D90FDF196039CDB9AAF56327359" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment Type [Axis] </link:label>
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<link:label id="lab_us-gaap_InvestmentTypeCategorizationMember_9F4CD5EC96868BB0B1CE9AAF5632DF4D_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentTypeCategorizationMember_9F4CD5EC96868BB0B1CE9AAF5632DF4D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments [Domain] </link:label>
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<link:label id="lab_us-gaap_PrivateEquityFundsMember_E71B9BD9B2320FA375819AAF5632704C_terseLabel_en-US" xlink:label="lab_us-gaap_PrivateEquityFundsMember_E71B9BD9B2320FA375819AAF5632704C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Private equity </link:label>
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<link:label id="lab_us-gaap_RealEstateFundsMember_7A50B3893C166C8C2AEF9AAF56339790_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateFundsMember_7A50B3893C166C8C2AEF9AAF56339790" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Real estate </link:label>
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<link:label id="lab_us-gaap_HedgeFundsMember_B93EB19E512976AECAF39AAF56333497_label_en-US" xlink:label="lab_us-gaap_HedgeFundsMember_B93EB19E512976AECAF39AAF56333497" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedge Funds [Member] </link:label>
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<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HedgeFundsMember_B93EB19E512976AECAF39AAF56333497" xlink:to="lab_us-gaap_HedgeFundsMember_B93EB19E512976AECAF39AAF56333497" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measured Based on Net Asset Value </link:label>
<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5_label_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems" xlink:label="loc_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5" xlink:to="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareLineItems_B1D2A2D71C570BA7C10D9AAF563336E5" xlink:type="arc"/>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717_terseLabel_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying Value </link:label>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717_label_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Investments, Entities that Calculate Net Asset Value, at Carrying Value </link:label>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717_documentation_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of investment in certain entities that calculate net asset value per share. Example includes, but is not limited to, investment in hedge fund, venture capital fund, private equity fund, and real estate partnership or fund. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue" xlink:label="loc_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:to="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValueAtCarryingValue_5A73D1114C313292802D9AAF5633A717" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitment </link:label>
<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B_label_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments" xlink:label="loc_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B" xlink:to="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareUnfundedCommittments_B086273AB6F3A1623B219AAF5633504B" xlink:type="arc"/>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635_terseLabel_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying Value of Nonredeemable Funds by Contractual Maturity </link:label>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635_label_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Redemption Period [Abstract] </link:label>
<link:label id="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635_documentation_en-US" xlink:label="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract" xlink:label="loc_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:to="lab_ms_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareRedemptionPeriodAbstract_60851EB183B028DE99369AAF5634C635" xlink:type="arc"/>
<link:label id="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08_terseLabel_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less than 5 years </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08_label_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonredeemable Funds, Maturity, within Next Five Years, at Carrying Value </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08_documentation_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of nonredeemable funds maturing in next five fiscal years following latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue" xlink:label="loc_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:to="lab_ms_NonredeemableFundsMaturityWithinNextFiveYearsAtCarryingValue_80F7A9E5FB5C432C0F379AAF5634BA08" xlink:type="arc"/>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844_terseLabel_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 5-10 years </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844_label_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonredeemable Funds, Maturity, after Five Through Ten Years, at Carrying Value </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844_documentation_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of nonredeemable funds maturing in sixth through tenth fiscal year following latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue" xlink:label="loc_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:to="lab_ms_NonredeemableFundsMaturityAfterFiveThroughTenYearsAtCarryingValue_516BEB6B4C38D1F0773D9AAF56349844" xlink:type="arc"/>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059_terseLabel_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Over 10 years </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059_label_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonredeemable Funds, Maturity, after Ten Years, at Carrying Value </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059_documentation_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of nonredeemable funds maturing after tenth fiscal year following latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue" xlink:label="loc_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:to="lab_ms_NonredeemableFundsMaturityAfterTenYearsAtCarryingValue_4620EA0F5E9A0B8124389AAF56347059" xlink:type="arc"/>
<link:label id="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D_totalLabel_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D_label_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonredeemable Funds, Maturity, at Carrying Value </link:label>
<link:label id="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D_documentation_en-US" xlink:label="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of nonredeemable funds. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NonredeemableFundsMaturityAtCarryingValue" xlink:label="loc_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:to="lab_ms_NonredeemableFundsMaturityAtCarryingValue_96E6BFA421DC130136109AAF56351A7D" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B98E3C35E238DBBBFA1A9AAF54583650_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B98E3C35E238DBBBFA1A9AAF54583650" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments and Contingencies Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B98E3C35E238DBBBFA1A9AAF54583650" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B98E3C35E238DBBBFA1A9AAF54583650" xlink:to="lab_us-gaap_CommitmentsAndContingenciesDisclosureAbstract_B98E3C35E238DBBBFA1A9AAF54583650" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Commitments [Table] </link:label>
<link:label id="lab_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitments [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsTable" xlink:label="loc_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8" xlink:to="lab_us-gaap_OtherCommitmentsTable_D4D4F8FD01687D43FB999AAF5458B5F8" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate lending </link:label>
<link:label id="lab_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9_label_en-US" xlink:label="lab_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Loan [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialLoanMember" xlink:label="loc_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9" xlink:to="lab_us-gaap_CommercialLoanMember_D181C5A87223664713AE9AAF54597BF9" xlink:type="arc"/>
<link:label id="lab_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903_terseLabel_en-US" xlink:label="lab_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial and Residential real estate lending </link:label>
<link:label id="lab_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903_label_en-US" xlink:label="lab_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Real Estate [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RealEstateMember" xlink:label="loc_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903" xlink:to="lab_us-gaap_RealEstateMember_2F0AA52E58CE6DB489BC9AAF545A5903" xlink:type="arc"/>
<link:label id="lab_ms_SecuritiesBasedLendingandOtherLoansMember_50F7E6B2DC31F06C1D0F9AAF545AB2F5_verboseLabel_en-US" xlink:label="lab_ms_SecuritiesBasedLendingandOtherLoansMember_50F7E6B2DC31F06C1D0F9AAF545AB2F5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Securities-based lending and Other </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritiesBasedLendingandOtherLoansMember" xlink:label="loc_ms_SecuritiesBasedLendingandOtherLoansMember_50F7E6B2DC31F06C1D0F9AAF545AB2F5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritiesBasedLendingandOtherLoansMember_50F7E6B2DC31F06C1D0F9AAF545AB2F5" xlink:to="lab_ms_SecuritiesBasedLendingandOtherLoansMember_50F7E6B2DC31F06C1D0F9AAF545AB2F5" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Commitments [Axis] </link:label>
<link:label id="lab_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitments [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsAxis" xlink:label="loc_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0" xlink:to="lab_us-gaap_OtherCommitmentsAxis_DBC37AC78C37A070ABDF9AAF545AE1B0" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Commitments [Domain] </link:label>
<link:label id="lab_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitments [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsDomain" xlink:label="loc_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219" xlink:to="lab_us-gaap_OtherCommitmentsDomain_A40EDAD70681ECA071929AAF545AF219" xlink:type="arc"/>
<link:label id="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34_terseLabel_en-US" xlink:label="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Forward-starting secured financing receivables </link:label>
<link:label id="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34_label_en-US" xlink:label="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments, Forward Starting Reverse Repurchase Agreements [Member] </link:label>
<link:label id="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34_documentation_en-US" xlink:label="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> This is an agreement to resell that primarily secured by collateral from U.S. government agency securities and other sovereign government obligations. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember" xlink:label="loc_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:to="lab_ms_CommitmentsForwardStartingReverseRepurchaseAgreementsMember_D73409BE16205386A9C89AAF545B5E34" xlink:type="arc"/>
<link:label id="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE_terseLabel_en-US" xlink:label="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Central counterparty </link:label>
<link:label id="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE_label_en-US" xlink:label="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Central Counterparty Commitment [Member] </link:label>
<link:label id="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE_documentation_en-US" xlink:label="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Central Counterparty Commitment [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CentralCounterpartyCommitmentMember" xlink:label="loc_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:to="lab_ms_CentralCounterpartyCommitmentMember_C1D6224A105707B4A54C9AAF545B59FE" xlink:type="arc"/>
<link:label id="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13_terseLabel_en-US" xlink:label="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment activities </link:label>
<link:label id="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13_label_en-US" xlink:label="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments, Investment Activities [Member] </link:label>
<link:label id="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13_documentation_en-US" xlink:label="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Commitment associated with its real estate, private equity and principal investment activities, which include alternative products. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommitmentsInvestmentActivitiesMember" xlink:label="loc_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:to="lab_ms_CommitmentsInvestmentActivitiesMember_B9D6CB85BD02D173CF659AAF545BAC13" xlink:type="arc"/>
<link:label id="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545_terseLabel_en-US" xlink:label="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Letters of credit and other financial guarantees </link:label>
<link:label id="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545_label_en-US" xlink:label="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments, Letters of Credit and Other Financial Guarantees Obtained to Satisfy Collateral Requirements [Member] </link:label>
<link:label id="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545_documentation_en-US" xlink:label="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember" xlink:label="loc_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:to="lab_ms_CommitmentsLettersOfCreditAndOtherFinancialGuaranteesObtainedToSatisfyCollateralRequirementsMember_DC0B91D227493555EC4F9AAF545C1545" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitments </link:label>
<link:label id="lab_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitments [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentsLineItems" xlink:label="loc_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E" xlink:to="lab_us-gaap_OtherCommitmentsLineItems_4D737F0BDE6822D6A21C9AAF545C006E" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitment, Fiscal Year Maturity </link:label>
<link:label id="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Fiscal Year Maturity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentFiscalYearMaturityAbstract" xlink:label="loc_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51" xlink:to="lab_us-gaap_OtherCommitmentFiscalYearMaturityAbstract_886E84392B1401B078449AAF545C2B51" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less than 1 (year) </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Next Twelve Months </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInNextTwelveMonths" xlink:label="loc_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C" xlink:to="lab_us-gaap_OtherCommitmentDueInNextTwelveMonths_BCE70C95374B8B6D2F059AAF545C711C" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 1-3 (years) </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Second and Third Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInSecondAndThirdYear" xlink:label="loc_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA" xlink:to="lab_us-gaap_OtherCommitmentDueInSecondAndThirdYear_E4728C7697BF645921DF9AAF545D42CA" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3-5 (years) </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Fourth and Fifth Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueInFourthAndFifthYear" xlink:label="loc_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1" xlink:to="lab_us-gaap_OtherCommitmentDueInFourthAndFifthYear_11BAD141EAD9F90BB57E9AAF545D70C1" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Over 5 (years) </link:label>
<link:label id="lab_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808_label_en-US" xlink:label="lab_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due after Fifth Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitmentDueAfterFifthYear" xlink:label="loc_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808" xlink:to="lab_us-gaap_OtherCommitmentDueAfterFifthYear_466D078529399087A0ED9AAF545D0808" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161_totalLabel_en-US" xlink:label="lab_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161_label_en-US" xlink:label="lab_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCommitment" xlink:label="loc_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161" xlink:to="lab_us-gaap_OtherCommitment_3406733531BDD0205DB59AAF545DF161" xlink:type="arc"/>
<link:label id="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3_terseLabel_en-US" xlink:label="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lending commitments participated to third parties </link:label>
<link:label id="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3_label_en-US" xlink:label="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments participated to third parties </link:label>
<link:label id="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3_documentation_en-US" xlink:label="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Commitments participated to third parties. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommitmentsParticipatedToThirdParties" xlink:label="loc_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:to="lab_ms_CommitmentsParticipatedToThirdParties_F97EDC0D315230BECDD39AAF545D38E3" xlink:type="arc"/>
<link:label id="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86_terseLabel_en-US" xlink:label="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Forward-starting secured financing receivables settled within three business days </link:label>
<link:label id="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86_label_en-US" xlink:label="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Commitment, Due in Next Three Days </link:label>
<link:label id="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86_documentation_en-US" xlink:label="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Minimum amount of other commitment maturing in the next three business days following the latest fiscal year for commitments not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in this taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherCommitmentDueInNextThreeDays" xlink:label="loc_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:to="lab_ms_OtherCommitmentDueInNextThreeDays_17ECD18866E906E84EC69AAF545E3F86" xlink:type="arc"/>
<link:label id="lab_us-gaap_CollateralizedAgreementsAbstract_8BD4C7AED652912457729AAF54FE2762_label_en-US" xlink:label="lab_us-gaap_CollateralizedAgreementsAbstract_8BD4C7AED652912457729AAF54FE2762" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateralized Agreements [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralizedAgreementsAbstract" xlink:label="loc_us-gaap_CollateralizedAgreementsAbstract_8BD4C7AED652912457729AAF54FE2762" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralizedAgreementsAbstract_8BD4C7AED652912457729AAF54FE2762" xlink:to="lab_us-gaap_CollateralizedAgreementsAbstract_8BD4C7AED652912457729AAF54FE2762" xlink:type="arc"/>
<link:label id="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1_terseLabel_en-US" xlink:label="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer receivables representing margin loans </link:label>
<link:label id="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1_label_en-US" xlink:label="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Margin Lending Receivables </link:label>
<link:label id="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1_documentation_en-US" xlink:label="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Receivables generated from margin lending activities that are collateralized by customer-owned securities held by the entity. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MarginLendingReceivables" xlink:label="loc_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:to="lab_ms_MarginLendingReceivables_DB89E00791F3CDD862639AAF54FE90C1" xlink:type="arc"/>
<link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total Equity </link:label>
<link:label id="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Note Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F" xlink:to="lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock_11910DAA2380063597489AAF5364D70F" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_EBEB9AB08C0444A2120A9AAF56030ED3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_EBEB9AB08C0444A2120A9AAF56030ED3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Instrument [Axis] </link:label>
<link:label id="lab_us-gaap_DerivativeInstrumentRiskAxis_EBEB9AB08C0444A2120A9AAF56030ED3_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentRiskAxis_EBEB9AB08C0444A2120A9AAF56030ED3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instrument [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="loc_us-gaap_DerivativeInstrumentRiskAxis_EBEB9AB08C0444A2120A9AAF56030ED3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Contract [Domain] </link:label>
<link:label id="lab_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818_label_en-US" xlink:label="lab_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Contract [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="loc_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818" xlink:to="lab_us-gaap_DerivativeContractTypeDomain_3F7DE634AEE43F27C5389AAF56038818" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityContractMember_620E548C1951F82D3D0F9AAF5604544D_terseLabel_en-US" xlink:label="lab_us-gaap_EquityContractMember_620E548C1951F82D3D0F9AAF5604544D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityContractMember" xlink:label="loc_us-gaap_EquityContractMember_620E548C1951F82D3D0F9AAF5604544D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityContractMember_620E548C1951F82D3D0F9AAF5604544D" xlink:to="lab_us-gaap_EquityContractMember_620E548C1951F82D3D0F9AAF5604544D" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E_netLabel_en-US" xlink:label="lab_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US"> Interest rates </link:label>
<link:label id="lab_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E_label_en-US" xlink:label="lab_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Rate Contract [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E" xlink:to="lab_us-gaap_InterestRateContractMember_A234E9E13C90993D90E59AAF56047A7E" xlink:type="arc"/>
<link:label id="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49_verboseLabel_en-US" xlink:label="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Commodities </link:label>
<link:label id="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49_label_en-US" xlink:label="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commodity and Other Contracts [Member] </link:label>
<link:label id="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49_documentation_en-US" xlink:label="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Derivative instrument whose primary underlying risk is tied to commodity contracts and other contracts that are not reported as interest rate, foreign exchange, equity security and index or credit contracts. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommodityAndOtherContractsMember" xlink:label="loc_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:to="lab_ms_CommodityAndOtherContractsMember_502554272AB657D9FE439AAF56047B49" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350_verboseLabel_en-US" xlink:label="lab_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Credit </link:label>
<link:label id="lab_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350_label_en-US" xlink:label="lab_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Risk Contract [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditRiskContractMember" xlink:label="loc_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350" xlink:to="lab_us-gaap_CreditRiskContractMember_9097F892D084633C30869AAF56056350" xlink:type="arc"/>
<link:label id="lab_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Foreign exchange </link:label>
<link:label id="lab_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71_label_en-US" xlink:label="lab_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Foreign Exchange Contract [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForeignExchangeContractMember" xlink:label="loc_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71" xlink:to="lab_us-gaap_ForeignExchangeContractMember_9AADB8F1A1A503F3C2149AAF56051C71" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings at fair value </link:label>
<link:label id="lab_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="loc_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595" xlink:to="lab_us-gaap_DebtInstrumentFairValue_6B0BA1A9A9516579DED59AAF5605B595" xlink:type="arc"/>
<link:label id="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940_terseLabel_en-US" xlink:label="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </link:label>
<link:label id="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940_label_en-US" xlink:label="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table] </link:label>
<link:label id="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940_documentation_en-US" xlink:label="lab_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable" xlink:label="loc_ms_FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationTable_763ECFAAC44AB72078A5A6047C8CF940" xlink:type="locator"/>
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<link:label id="lab_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930_terseLabel_en-US" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> U.S. Treasury and agency securities </link:label>
<link:label id="lab_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930_label_en-US" xlink:label="lab_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> US Treasury and Government [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_USTreasuryAndGovernmentMember" xlink:label="loc_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930" xlink:to="lab_us-gaap_USTreasuryAndGovernmentMember_3459AE114818017CAAD5A6047C8DA930" xlink:type="arc"/>
<link:label id="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_0DFCD6BDA6B8BCBD0F4AA6047C8E4A41_terseLabel_en-US" xlink:label="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_0DFCD6BDA6B8BCBD0F4AA6047C8E4A41" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other sovereign government obligations </link:label>
<link:label id="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_0DFCD6BDA6B8BCBD0F4AA6047C8E4A41_label_en-US" xlink:label="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_0DFCD6BDA6B8BCBD0F4AA6047C8E4A41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Security, Government, Non-US [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:label="loc_us-gaap_ForeignGovernmentDebtSecuritiesMember_0DFCD6BDA6B8BCBD0F4AA6047C8E4A41" xlink:type="locator"/>
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<link:label id="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember_EE84CAA4B025768D3D56A6047C8E6892_terseLabel_en-US" xlink:label="lab_us-gaap_USStatesAndPoliticalSubdivisionsMember_EE84CAA4B025768D3D56A6047C8E6892" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> State and municipal securities </link:label>
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<link:label id="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2_terseLabel_en-US" xlink:label="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MABS </link:label>
<link:label id="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2_label_en-US" xlink:label="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mortgage and Asset-Backed Securities [Member] </link:label>
<link:label id="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2_documentation_en-US" xlink:label="lab_ms_MortgageAndAssetBackedSecuritiesMember_CECFED14AADD442F06E5A6047C8E78B2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Mortgage and Asset-Backed Securities </link:label>
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<link:label id="lab_ms_CorporateandOtherDebtSecuritiesMember_7C0BD8271D8C0890AC61A6047C8E26A9_terseLabel_en-US" xlink:label="lab_ms_CorporateandOtherDebtSecuritiesMember_7C0BD8271D8C0890AC61A6047C8E26A9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate and other debt </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_CorporateandOtherDebtSecuritiesMember" xlink:label="loc_ms_CorporateandOtherDebtSecuritiesMember_7C0BD8271D8C0890AC61A6047C8E26A9" xlink:type="locator"/>
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<link:label id="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA_terseLabel_en-US" xlink:label="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate equities </link:label>
<link:label id="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA_label_en-US" xlink:label="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Corporate Equities [Member] </link:label>
<link:label id="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA_documentation_en-US" xlink:label="lab_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Corporate Equities [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CorporateEquitiesMember" xlink:label="loc_ms_CorporateEquitiesMember_FDBF9EF8D2A6ABDFADC9A6047C8E72AA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InvestmentsMember_391A4C5A582678E60C00A6047C8F4FBF_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsMember_391A4C5A582678E60C00A6047C8F4FBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:label id="lab_us-gaap_InvestmentsMember_391A4C5A582678E60C00A6047C8F4FBF_label_en-US" xlink:label="lab_us-gaap_InvestmentsMember_391A4C5A582678E60C00A6047C8F4FBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investments [Member] </link:label>
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<link:label id="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_0B6DF13C201ABEA5BB9AA6047C8FAE76_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByFairValueHierarchyLevelAxis_0B6DF13C201ABEA5BB9AA6047C8FAE76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Hierarchy and NAV [Axis] </link:label>
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<link:label id="lab_us-gaap_FairValueInputsLevel3Member_592318CB9A728704808CA6047C907618_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_592318CB9A728704808CA6047C907618" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 3 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel3Member_592318CB9A728704808CA6047C907618_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel3Member_592318CB9A728704808CA6047C907618" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 3 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="loc_us-gaap_FairValueInputsLevel3Member_592318CB9A728704808CA6047C907618" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestRateContractMember_473C64D43352C9692FACA6047C915ECC_terseLabel_en-US" xlink:label="lab_us-gaap_InterestRateContractMember_473C64D43352C9692FACA6047C915ECC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest rate </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestRateContractMember" xlink:label="loc_us-gaap_InterestRateContractMember_473C64D43352C9692FACA6047C915ECC" xlink:type="locator"/>
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<link:label id="lab_ms_CommodityAndOtherContractsMember_34DA88CABF824DAF45C7A6047C92C493_terseLabel_en-US" xlink:label="lab_ms_CommodityAndOtherContractsMember_34DA88CABF824DAF45C7A6047C92C493" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commodity and other </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommodityAndOtherContractsMember" xlink:label="loc_ms_CommodityAndOtherContractsMember_34DA88CABF824DAF45C7A6047C92C493" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueByLiabilityClassAxis_182E1B295C906E6CD33DA6047C92A279_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByLiabilityClassAxis_182E1B295C906E6CD33DA6047C92A279" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liability Class [Axis] </link:label>
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<link:label id="lab_us-gaap_DepositsMember_5C62E9DFBAE5EEDE7996A6047C92726E_terseLabel_en-US" xlink:label="lab_us-gaap_DepositsMember_5C62E9DFBAE5EEDE7996A6047C92726E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
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<link:label id="lab_ms_NonderivativeTradingLiabilitiesMember_898401A7A2EF9EC45F95A6047C972B0F_terseLabel_en-US" xlink:label="lab_ms_NonderivativeTradingLiabilitiesMember_898401A7A2EF9EC45F95A6047C972B0F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonderivative trading liabilities </link:label>
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<link:label id="lab_us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseMember_95CB4C60BF31C4FA5C97A6047C986A6C_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseMember_95CB4C60BF31C4FA5C97A6047C986A6C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreements to repurchase </link:label>
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<link:label id="lab_ms_OtherSecuredFinancingsMember_887E24A386BEE2936A3EA6047C98D8C9_terseLabel_en-US" xlink:label="lab_ms_OtherSecuredFinancingsMember_887E24A386BEE2936A3EA6047C98D8C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings </link:label>
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<link:label id="lab_us-gaap_BorrowingsMember_2B0104B647F5E9A3FBD8A6047C987893_terseLabel_en-US" xlink:label="lab_us-gaap_BorrowingsMember_2B0104B647F5E9A3FBD8A6047C987893" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_us-gaap_BorrowingsMember_2B0104B647F5E9A3FBD8A6047C987893_label_en-US" xlink:label="lab_us-gaap_BorrowingsMember_2B0104B647F5E9A3FBD8A6047C987893" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Borrowings [Member] </link:label>
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<link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_64F396B8F3C9315E6688A6047C9862B1_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_64F396B8F3C9315E6688A6047C9862B1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets at Fair value </link:label>
<link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_64F396B8F3C9315E6688A6047C9862B1_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_64F396B8F3C9315E6688A6047C9862B1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_5D7059DEF9EB20CFAAE1A6047C9974F9_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_5D7059DEF9EB20CFAAE1A6047C9974F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset Value </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_5E6BF7B9D4A98495DC55A6047C997E8D_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_5E6BF7B9D4A98495DC55A6047C997E8D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Realized and unrealized gains (losses) </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_5E6BF7B9D4A98495DC55A6047C997E8D_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_5E6BF7B9D4A98495DC55A6047C997E8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Gain (Loss) Included in Earnings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetGainLossIncludedInEarnings1_5E6BF7B9D4A98495DC55A6047C997E8D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_F3710D1E2A87600B4C6BA6047C99CC35_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_F3710D1E2A87600B4C6BA6047C99CC35" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Purchases </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_F3710D1E2A87600B4C6BA6047C99CC35_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_F3710D1E2A87600B4C6BA6047C99CC35" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Purchases </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetPurchases_F3710D1E2A87600B4C6BA6047C99CC35" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_FC55ADF536328A95B1B6A6047C99178E_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_FC55ADF536328A95B1B6A6047C99178E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Sales </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_FC55ADF536328A95B1B6A6047C99178E_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_FC55ADF536328A95B1B6A6047C99178E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Sales </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSales_FC55ADF536328A95B1B6A6047C99178E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_09621E9EFBCC7B20594EA6047C9A70AB_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_09621E9EFBCC7B20594EA6047C9A70AB" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Issuances </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_09621E9EFBCC7B20594EA6047C9A70AB_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetIssues_09621E9EFBCC7B20594EA6047C9A70AB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Issuances </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_26C41F84F6E8DB45BB49A6047C9AE8DD_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_26C41F84F6E8DB45BB49A6047C9AE8DD" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Settlements </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_26C41F84F6E8DB45BB49A6047C9AE8DD_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetSettlements_26C41F84F6E8DB45BB49A6047C9AE8DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Settlements </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_FB739033E992EB0B6E16A6047C9AEFB1_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_FB739033E992EB0B6E16A6047C9AEFB1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Net transfers </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_FB739033E992EB0B6E16A6047C9AEFB1_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet_FB739033E992EB0B6E16A6047C9AEFB1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Asset, Transfers, Net </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetValue_B0F4B9356EF601D6BBCEA6047C9A5656" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_AC19CA594E8B5B472B3BA6047C9A5CD2_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_AC19CA594E8B5B472B3BA6047C9A5CD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Unrealized gains (losses) </link:label>
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<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_8920ACF0BFB6EFF9D0E8A6047C9A0D61_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_8920ACF0BFB6EFF9D0E8A6047C9A0D61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities at Fair Value </link:label>
<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_8920ACF0BFB6EFF9D0E8A6047C9A0D61_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationCalculationRollForward_8920ACF0BFB6EFF9D0E8A6047C9A0D61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_9B8DB6AFABD831732944A6047C9BC9F5_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_9B8DB6AFABD831732944A6047C9BC9F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_78AEA98A8F0C67469D48A6047C9BA4BD_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_78AEA98A8F0C67469D48A6047C9BA4BD" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Realized and unrealized losses (gains) </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_78AEA98A8F0C67469D48A6047C9BA4BD_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings_78AEA98A8F0C67469D48A6047C9BA4BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings </link:label>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_D1537278E9B352B76E68A6047C9B7A04_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_D1537278E9B352B76E68A6047C9B7A04" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Purchases </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_D1537278E9B352B76E68A6047C9B7A04_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_D1537278E9B352B76E68A6047C9B7A04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Purchases </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases_D1537278E9B352B76E68A6047C9B7A04" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_65428B9B89852A17D12CA6047C9BC0B7_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_65428B9B89852A17D12CA6047C9BC0B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_65428B9B89852A17D12CA6047C9BC0B7_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_65428B9B89852A17D12CA6047C9BC0B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Sales </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySales_65428B9B89852A17D12CA6047C9BC0B7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_B474BEA5162C692DC77FA6047C9C2FEC_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_B474BEA5162C692DC77FA6047C9C2FEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Issuances </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_B474BEA5162C692DC77FA6047C9C2FEC_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_B474BEA5162C692DC77FA6047C9C2FEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Issuances </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues_B474BEA5162C692DC77FA6047C9C2FEC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_6385D59EEA9472372EC4A6047C9C8394_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_6385D59EEA9472372EC4A6047C9C8394" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Settlements </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_6385D59EEA9472372EC4A6047C9C8394_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_6385D59EEA9472372EC4A6047C9C8394" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements_6385D59EEA9472372EC4A6047C9C8394" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_DC719B9EFF8C7121BEF4A6047C9CC09D_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_DC719B9EFF8C7121BEF4A6047C9CC09D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Net transfers </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_DC719B9EFF8C7121BEF4A6047C9CC09D_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_DC719B9EFF8C7121BEF4A6047C9CC09D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Transfers, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet_DC719B9EFF8C7121BEF4A6047C9CC09D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_8ED1F12D2DF9E1B1F7BAA6047C9C0F40_periodEndLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_8ED1F12D2DF9E1B1F7BAA6047C9C0F40" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Ending balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue_8ED1F12D2DF9E1B1F7BAA6047C9C0F40" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_2808621E9B52E5521AD1A6047C9C80DB_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_2808621E9B52E5521AD1A6047C9C80DB" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Unrealized losses (gains) </link:label>
<link:label id="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_2808621E9B52E5521AD1A6047C9C80DB_label_en-US" xlink:label="lab_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_2808621E9B52E5521AD1A6047C9C80DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Liability, Recurring Basis, Still Held, Unrealized Gain (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss" xlink:label="loc_us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisChangeInUnrealizedGainLoss_2808621E9B52E5521AD1A6047C9C80DB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_E51512D009DDFE502AF5A6047C9C37C4_negatedLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_E51512D009DDFE502AF5A6047C9C37C4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Portion of Unrealized losses (gains) recorded in OCI—Change in net DVA </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_E51512D009DDFE502AF5A6047C9C37C4_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_E51512D009DDFE502AF5A6047C9C37C4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Other Comprehensive Income (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome" xlink:label="loc_us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome_E51512D009DDFE502AF5A6047C9C37C4" xlink:type="locator"/>
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<link:label id="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1_terseLabel_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfers of equity margin loans from Level 2 to Level 3 </link:label>
<link:label id="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1_label_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Equity Margin Loans, Level 2 to Level 3 Transfers, Amount </link:label>
<link:label id="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1_documentation_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel2toLevel3TransfersAmount_B9A9237CE12360506121A6047C9C2DD1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair Value, Equity Margin Loans, Level 2 to Level 3 Transfers, Amount </link:label>
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<link:label id="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2_terseLabel_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Transfers of equity margin loans from Level 3 to Level 2 </link:label>
<link:label id="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2_label_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Equity Margin Loans, Level 3 to Level 2 Transfers, Amount </link:label>
<link:label id="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2_documentation_en-US" xlink:label="lab_ms_FairValueEquityMarginLoansLevel3toLevel2TransfersAmount_3EE4924BFE3B5F050C7DA6047C9D07F2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair Value, Equity Margin Loans, Level 3 to Level 2 Transfers, Amount </link:label>
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<link:label id="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75_terseLabel_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entity, Classification [Axis] </link:label>
<link:label id="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75_label_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entity, Classification [Axis] </link:label>
<link:label id="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75_documentation_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entity by Classification </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_QualifyingSpecialPurposeEntityClassificationAxis" xlink:label="loc_ms_QualifyingSpecialPurposeEntityClassificationAxis_04094D4DACC037ABB3F99AAF53A91C75" xlink:type="locator"/>
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<link:label id="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A_terseLabel_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entities, Classification [Domain] </link:label>
<link:label id="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A_label_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entities, Classification [Domain] </link:label>
<link:label id="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A_documentation_en-US" xlink:label="lab_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Qualifying Special Purpose Entity, Classification </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_QualifyingSpecialPurposeEntitiesClassificationDomain" xlink:label="loc_ms_QualifyingSpecialPurposeEntitiesClassificationDomain_B8BC0D6915072E0E19279AAF53AA1D2A" xlink:type="locator"/>
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<link:label id="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C_terseLabel_en-US" xlink:label="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Special Purpose Entities </link:label>
<link:label id="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C_label_en-US" xlink:label="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Special Purpose Entities [Member] </link:label>
<link:label id="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C_documentation_en-US" xlink:label="lab_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Special Purpose Entities [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SpecialPurposeEntitiesMember" xlink:label="loc_ms_SpecialPurposeEntitiesMember_D0F749C4BF6A6FE90DFF9AAF53AADC5C" xlink:type="locator"/>
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<link:label id="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA_terseLabel_en-US" xlink:label="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CLO SPEs </link:label>
<link:label id="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA_label_en-US" xlink:label="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateralized Loan Obligations Entities Sponsored by Non-Affiliates [Member] </link:label>
<link:label id="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA_documentation_en-US" xlink:label="lab_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember" xlink:label="loc_ms_CollateralizedLoanObligationsEntitiesSponsoredByNonAffiliatesMember_54979B76C82C0BE1C4189AAF53AA5BBA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommercialLoanMember_2082E4ED00D65DCF71F29AAF53ABDC0E_verboseLabel_en-US" xlink:label="lab_us-gaap_CommercialLoanMember_2082E4ED00D65DCF71F29AAF53ABDC0E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Corporate Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialLoanMember" xlink:label="loc_us-gaap_CommercialLoanMember_2082E4ED00D65DCF71F29AAF53ABDC0E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialLoanMember_2082E4ED00D65DCF71F29AAF53ABDC0E" xlink:to="lab_us-gaap_CommercialLoanMember_2082E4ED00D65DCF71F29AAF53ABDC0E" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> New transactions </link:label>
<link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Flows Between Transferor and Transferee, Proceeds from New Transfers </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorProceedsFromNewTransfers_802533C5241A9C8B3FB79AAF53AC0F0D" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480_terseLabel_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained interests </link:label>
<link:label id="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480_label_en-US" xlink:label="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Flows Between Transferor and Transferee, Receipts on Transferor's Interest in Transferred Financial Assets, Other </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther" xlink:label="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480" xlink:to="lab_us-gaap_CashFlowsBetweenTransfereeAndTransferorReceiptsOnInterestsThatContinueToBeHeldOther_4575B2E6C51AB21E3F3D9AAF53ACF480" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_0CE87E4227EDA479D89F9AAF53ACBAE0_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_0CE87E4227EDA479D89F9AAF53ACBAE0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Sales of corporate loans to CLO SPEs </link:label>
<link:label id="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_0CE87E4227EDA479D89F9AAF53ACBAE0_label_en-US" xlink:label="lab_us-gaap_ProceedsFromSaleOfLoansReceivable_0CE87E4227EDA479D89F9AAF53ACBAE0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Sale of Loans Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromSaleOfLoansReceivable" xlink:label="loc_us-gaap_ProceedsFromSaleOfLoansReceivable_0CE87E4227EDA479D89F9AAF53ACBAE0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_6DD2963940CFA8F5507E9AAF53B2D4DD_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_6DD2963940CFA8F5507E9AAF53B2D4DD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_6DD2963940CFA8F5507E9AAF53B2D4DD_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTable_6DD2963940CFA8F5507E9AAF53B2D4DD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfVariableInterestEntitiesTable" xlink:label="loc_us-gaap_ScheduleOfVariableInterestEntitiesTable_6DD2963940CFA8F5507E9AAF53B2D4DD" xlink:type="locator"/>
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<link:label id="lab_ms_SpecialPurposeEntitiesMember_977BB753AC4B1ECA1AC49AAF53B394E4_verboseLabel_en-US" xlink:label="lab_ms_SpecialPurposeEntitiesMember_977BB753AC4B1ECA1AC49AAF53B394E4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> SPE </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SpecialPurposeEntitiesMember" xlink:label="loc_ms_SpecialPurposeEntitiesMember_977BB753AC4B1ECA1AC49AAF53B394E4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueInputsLevel2Member_0BD74FA8EBA12A0668059AAF53B4ED6D_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_0BD74FA8EBA12A0668059AAF53B4ED6D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 2 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel2Member_0BD74FA8EBA12A0668059AAF53B4ED6D_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel2Member_0BD74FA8EBA12A0668059AAF53B4ED6D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 2 [Member] </link:label>
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<link:label id="lab_us-gaap_ConcentrationRiskByTypeAxis_89A642692B65925CDD949AAF53B552CC_label_en-US" xlink:label="lab_us-gaap_ConcentrationRiskByTypeAxis_89A642692B65925CDD949AAF53B552CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Axis] </link:label>
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<link:label id="lab_us-gaap_ConcentrationRiskTypeDomain_7DC4D40474C5D40D19249AAF53B5DBD2_terseLabel_en-US" xlink:label="lab_us-gaap_ConcentrationRiskTypeDomain_7DC4D40474C5D40D19249AAF53B5DBD2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Domain] </link:label>
<link:label id="lab_us-gaap_ConcentrationRiskTypeDomain_7DC4D40474C5D40D19249AAF53B5DBD2_label_en-US" xlink:label="lab_us-gaap_ConcentrationRiskTypeDomain_7DC4D40474C5D40D19249AAF53B5DBD2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Concentration Risk Type [Domain] </link:label>
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<link:label id="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5_verboseLabel_en-US" xlink:label="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Investment grade </link:label>
<link:label id="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5_label_en-US" xlink:label="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment Grade [Member] </link:label>
<link:label id="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5_documentation_en-US" xlink:label="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Investment grade </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InvestmentGradeMember" xlink:label="loc_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:to="lab_ms_InvestmentGradeMember_40A49242739A07A0E7D49AAF53B5FFC5" xlink:type="arc"/>
<link:label id="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B_verboseLabel_en-US" xlink:label="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Non-investment grade </link:label>
<link:label id="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B_label_en-US" xlink:label="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninvestment Grade [Member] </link:label>
<link:label id="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B_documentation_en-US" xlink:label="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Noninvestment grade </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NoninvestmentGradeMember" xlink:label="loc_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:to="lab_ms_NoninvestmentGradeMember_F5D8D2CE6CFDFDDE742D9AAF53B5018B" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityLineItems" xlink:label="loc_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A" xlink:to="lab_us-gaap_VariableInterestEntityLineItems_ADA16A3AB4F14BB9BFF99AAF53B5B61A" xlink:type="arc"/>
<link:label id="lab_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained interests </link:label>
<link:label id="lab_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04_label_en-US" xlink:label="lab_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Interest, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedInterestFairValueDisclosure" xlink:label="loc_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04" xlink:to="lab_us-gaap_RetainedInterestFairValueDisclosure_ABE4AE31C074046762709AAF53B64B04" xlink:type="arc"/>
<link:label id="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC_terseLabel_en-US" xlink:label="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interests purchased in the secondary market </link:label>
<link:label id="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC_label_en-US" xlink:label="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interests Purchased in Secondary Market, Fair Value </link:label>
<link:label id="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC_documentation_en-US" xlink:label="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value of interests purchased in the secondary market </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InterestsPurchasedInSecondaryMarketFairValue" xlink:label="loc_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:to="lab_ms_InterestsPurchasedInSecondaryMarketFairValue_9055B7189B973DCF27D09AAF53B617BC" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets </link:label>
<link:label id="lab_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909_label_en-US" xlink:label="lab_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909" xlink:to="lab_us-gaap_DerivativeAssets_B53C24F0B55D63308CA49AAF53B63909" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivative liabilities </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1" xlink:to="lab_us-gaap_DerivativeLiabilities_45EB14E50B3B859FED809AAF53B671A1" xlink:type="arc"/>
<link:label id="lab_srt_BrokersAndDealersAbstract_219928667D8A6F16B0429AAF5384BBD9_label_en-US" xlink:label="lab_srt_BrokersAndDealersAbstract_219928667D8A6F16B0429AAF5384BBD9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Brokers and Dealers [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_BrokersAndDealersAbstract" xlink:label="loc_srt_BrokersAndDealersAbstract_219928667D8A6F16B0429AAF5384BBD9" xlink:type="locator"/>
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<link:label id="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1_terseLabel_en-US" xlink:label="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Required Ratio </link:label>
<link:label id="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1_label_en-US" xlink:label="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Minimum Regulatory Capital Ratio [Abstract] </link:label>
<link:label id="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1_documentation_en-US" xlink:label="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MinimumRegulatoryCapitalRatioAbstract" xlink:label="loc_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:to="lab_ms_MinimumRegulatoryCapitalRatioAbstract_4F512C510568121F03CE9AAF538489A1" xlink:type="arc"/>
<link:label id="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564_terseLabel_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Equity Tier 1 capital (as a percent) </link:label>
<link:label id="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564_label_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Common Capital Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:label id="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564_documentation_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The minimum common equity Tier One Capital Ratio (Common equity Tier one capital divided by risk-weighted assets) required for capital adequacy purposes under the regulatory framework for prompt corrective action. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:label="loc_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:to="lab_ms_TierOneRiskBasedCommonCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_49F9CBA71C9211F0F67C9AAF53857564" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 capital (as a percent) </link:label>
<link:label id="lab_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9_label_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Capital Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:label="loc_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9" xlink:to="lab_us-gaap_TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets_985D41C0308BC18D3E3A9AAF538547F9" xlink:type="arc"/>
<link:label id="lab_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total capital (as a percent) </link:label>
<link:label id="lab_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08_label_en-US" xlink:label="lab_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets" xlink:label="loc_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08" xlink:to="lab_us-gaap_CapitalRequiredForCapitalAdequacyToRiskWeightedAssets_6B754CB05DFF6BD0D23F9AAF53853D08" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 leverage (as a percent) </link:label>
<link:label id="lab_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE_label_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Leverage Capital Required for Capital Adequacy to Average Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets" xlink:label="loc_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE" xlink:to="lab_us-gaap_TierOneLeverageCapitalRequiredForCapitalAdequacyToAverageAssets_C01F132A201FBFA96CCD9AAF5385D1AE" xlink:type="arc"/>
<link:label id="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692_terseLabel_en-US" xlink:label="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SLR (as a percent) </link:label>
<link:label id="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692_label_en-US" xlink:label="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Minimum Supplementary Leverage Ratio </link:label>
<link:label id="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692_documentation_en-US" xlink:label="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The minimum percentage of tier one capital to total leverage exposure, as defined by regulatory framework. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MinimumSupplementaryLeverageRatio" xlink:label="loc_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:to="lab_ms_MinimumSupplementaryLeverageRatio_45539869337BD2169F9B9AAF53859692" xlink:type="arc"/>
<link:label id="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E_terseLabel_en-US" xlink:label="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amount </link:label>
<link:label id="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E_label_en-US" xlink:label="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Regulatory Capital Requirements, Amount [Abstract] </link:label>
<link:label id="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E_documentation_en-US" xlink:label="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_RegulatoryCapitalRequirementsAmountAbstract" xlink:label="loc_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:to="lab_ms_RegulatoryCapitalRequirementsAmountAbstract_8FE7CB862B05633347ED9AAF53869E7E" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3_terseLabel_en-US" xlink:label="lab_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Equity Tier 1 capital </link:label>
<link:label id="lab_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3_label_en-US" xlink:label="lab_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Equity Tier One Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonEquityTierOneCapital" xlink:label="loc_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3" xlink:to="lab_us-gaap_CommonEquityTierOneCapital_7FC8E47B37C97575F7089AAF53868BB3" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 capital </link:label>
<link:label id="lab_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6_label_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneRiskBasedCapital" xlink:label="loc_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6" xlink:to="lab_us-gaap_TierOneRiskBasedCapital_CC3F9EA962D469AF57CB9AAF5386EBF6" xlink:type="arc"/>
<link:label id="lab_us-gaap_Capital_A53D391173D825A186379AAF5386BD72_terseLabel_en-US" xlink:label="lab_us-gaap_Capital_A53D391173D825A186379AAF5386BD72" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total capital </link:label>
<link:label id="lab_us-gaap_Capital_A53D391173D825A186379AAF5386BD72_label_en-US" xlink:label="lab_us-gaap_Capital_A53D391173D825A186379AAF5386BD72" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Capital" xlink:label="loc_us-gaap_Capital_A53D391173D825A186379AAF5386BD72" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Capital_A53D391173D825A186379AAF5386BD72" xlink:to="lab_us-gaap_Capital_A53D391173D825A186379AAF5386BD72" xlink:type="arc"/>
<link:label id="lab_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8_terseLabel_en-US" xlink:label="lab_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total RWA </link:label>
<link:label id="lab_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8_label_en-US" xlink:label="lab_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Risk Weighted Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RiskWeightedAssets" xlink:label="loc_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8" xlink:to="lab_us-gaap_RiskWeightedAssets_B735860ACAC4B0C7D2A89AAF53870DB8" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 leverage </link:label>
<link:label id="lab_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971_label_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Leverage Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneLeverageCapital" xlink:label="loc_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971" xlink:to="lab_us-gaap_TierOneLeverageCapital_9677FD4530B2B82BDBFC9AAF53871971" xlink:type="arc"/>
<link:label id="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD_terseLabel_en-US" xlink:label="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Adjusted average assets </link:label>
<link:label id="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD_label_en-US" xlink:label="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjusted Average Assets </link:label>
<link:label id="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD_documentation_en-US" xlink:label="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Adjusted average assets represent the denominator of the Tier 1 leverage ratio and are composed of the average daily balance of consolidated on-balance-sheet assets, adjusted for disallowed goodwill, intangible assets, certain deferred tax assets, certain investments in the capital instruments of unconsolidated financial institutions and other adjustments. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AdjustedAverageAssets" xlink:label="loc_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:to="lab_ms_AdjustedAverageAssets_F7525FE7A9FCE65A2AB99AAF538707BD" xlink:type="arc"/>
<link:label id="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643_terseLabel_en-US" xlink:label="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SLR </link:label>
<link:label id="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643_label_en-US" xlink:label="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Supplemental Leverage Capital </link:label>
<link:label id="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643_documentation_en-US" xlink:label="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The numerator of supplementary leverage ratio. It's a banking organization's tier 1 capital, which includes all on-balance-sheet assets. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SupplementalLeverageCapital" xlink:label="loc_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:to="lab_ms_SupplementalLeverageCapital_5B1CF3C49BA399D33CD89AAF53873643" xlink:type="arc"/>
<link:label id="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A_terseLabel_en-US" xlink:label="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Supplementary leverage exposure </link:label>
<link:label id="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A_label_en-US" xlink:label="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Supplemental Leverage Exposure </link:label>
<link:label id="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A_documentation_en-US" xlink:label="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The denominator of supplementary leverage ratio. It's a banking organization's total leverage exposure, which includes many off-balance-sheet exposures. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SupplementalLeverageExposure" xlink:label="loc_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:to="lab_ms_SupplementalLeverageExposure_113D709FBC60BDB781A79AAF5387EB5A" xlink:type="arc"/>
<link:label id="lab_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC_terseLabel_en-US" xlink:label="lab_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Ratio </link:label>
<link:label id="lab_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC_label_en-US" xlink:label="lab_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Risk Based Ratios [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RiskBasedRatiosAbstract" xlink:label="loc_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC" xlink:to="lab_us-gaap_RiskBasedRatiosAbstract_CE4B0EACEB375D0445259AAF53884DBC" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD_terseLabel_en-US" xlink:label="lab_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Equity Tier 1 capital (as a percent) </link:label>
<link:label id="lab_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD_label_en-US" xlink:label="lab_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Equity Tier One Capital Ratio </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonEquityTierOneCapitalRatio" xlink:label="loc_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD" xlink:to="lab_us-gaap_CommonEquityTierOneCapitalRatio_F65FC973B8257ECFFF059AAF538886CD" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 capital (as a percent) </link:label>
<link:label id="lab_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C_label_en-US" xlink:label="lab_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Capital to Risk Weighted Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets" xlink:label="loc_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C" xlink:to="lab_us-gaap_TierOneRiskBasedCapitalToRiskWeightedAssets_9466141F2DF99716C3E09AAF5388E77C" xlink:type="arc"/>
<link:label id="lab_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total capital (as a percent) </link:label>
<link:label id="lab_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108_label_en-US" xlink:label="lab_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital to Risk Weighted Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalToRiskWeightedAssets" xlink:label="loc_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108" xlink:to="lab_us-gaap_CapitalToRiskWeightedAssets_6DDEE510078693D212C89AAF53880108" xlink:type="arc"/>
<link:label id="lab_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 leverage (as a percent) </link:label>
<link:label id="lab_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160_label_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Leverage Capital to Average Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneLeverageCapitalToAverageAssets" xlink:label="loc_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160" xlink:to="lab_us-gaap_TierOneLeverageCapitalToAverageAssets_F80FD3FC04FEB67ADEF39AAF5388B160" xlink:type="arc"/>
<link:label id="lab_us-gaap_SupplementaryLeverageRatio_E84ECC7A34A3A9EC5B439AAF53899653_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementaryLeverageRatio_E84ECC7A34A3A9EC5B439AAF53899653" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SLR (as a percent) </link:label>
<link:label id="lab_us-gaap_SupplementaryLeverageRatio_E84ECC7A34A3A9EC5B439AAF53899653_label_en-US" xlink:label="lab_us-gaap_SupplementaryLeverageRatio_E84ECC7A34A3A9EC5B439AAF53899653" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Supplementary Leverage Ratio </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SupplementaryLeverageRatio" xlink:label="loc_us-gaap_SupplementaryLeverageRatio_E84ECC7A34A3A9EC5B439AAF53899653" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_B560B085F9152C3D43B99AAF5399037A_terseLabel_en-US" xlink:label="lab_us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_B560B085F9152C3D43B99AAF5399037A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Regulatory Requirements </link:label>
<link:label id="lab_us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_B560B085F9152C3D43B99AAF5399037A_label_en-US" xlink:label="lab_us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_B560B085F9152C3D43B99AAF5399037A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Regulatory Capital Requirements under Banking Regulations [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock" xlink:label="loc_us-gaap_RegulatoryCapitalRequirementsUnderBankingRegulationsTextBlock_B560B085F9152C3D43B99AAF5399037A" xlink:type="locator"/>
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<link:label id="lab_dei_CoverAbstract_6E96E1FF2EF79BF1347AB545210EAD16_label_en-US" xlink:label="lab_dei_CoverAbstract_6E96E1FF2EF79BF1347AB545210EAD16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cover [Abstract] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CoverAbstract" xlink:label="loc_dei_CoverAbstract_6E96E1FF2EF79BF1347AB545210EAD16" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentInformationTable_EC8987377DB0865D3F8DB545210EA408_label_en-US" xlink:label="lab_dei_DocumentInformationTable_EC8987377DB0865D3F8DB545210EA408" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Information [Table] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentInformationTable" xlink:label="loc_dei_DocumentInformationTable_EC8987377DB0865D3F8DB545210EA408" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementClassOfStockAxis_C6B65DBB66CD596977D3B545210EFB55_terseLabel_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_C6B65DBB66CD596977D3B545210EFB55" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Class of Stock [Axis] </link:label>
<link:label id="lab_us-gaap_StatementClassOfStockAxis_C6B65DBB66CD596977D3B545210EFB55_label_en-US" xlink:label="lab_us-gaap_StatementClassOfStockAxis_C6B65DBB66CD596977D3B545210EFB55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Class of Stock [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="loc_us-gaap_StatementClassOfStockAxis_C6B65DBB66CD596977D3B545210EFB55" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ClassOfStockDomain_C2F09E3252992B4CA1FEB545210EB644_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_C2F09E3252992B4CA1FEB545210EB644" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Class of Stock [Domain] </link:label>
<link:label id="lab_us-gaap_ClassOfStockDomain_C2F09E3252992B4CA1FEB545210EB644_label_en-US" xlink:label="lab_us-gaap_ClassOfStockDomain_C2F09E3252992B4CA1FEB545210EB644" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Class of Stock [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="loc_us-gaap_ClassOfStockDomain_C2F09E3252992B4CA1FEB545210EB644" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommonClassAMember_B6307A869F62E6720090B545210F21BE_terseLabel_en-US" xlink:label="lab_us-gaap_CommonClassAMember_B6307A869F62E6720090B545210F21BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock, $0.01 par value </link:label>
<link:label id="lab_us-gaap_CommonClassAMember_B6307A869F62E6720090B545210F21BE_label_en-US" xlink:label="lab_us-gaap_CommonClassAMember_B6307A869F62E6720090B545210F21BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Class A [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonClassAMember" xlink:label="loc_us-gaap_CommonClassAMember_B6307A869F62E6720090B545210F21BE" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series A, $0.01 par value </link:label>
<link:label id="lab_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D_label_en-US" xlink:label="lab_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series A Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesAPreferredStockMember" xlink:label="loc_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D" xlink:to="lab_us-gaap_SeriesAPreferredStockMember_FB1378D5B549E3E38C6CB545210F009D" xlink:type="arc"/>
<link:label id="lab_us-gaap_SeriesEPreferredStockMember_D750A774441D87DC98FEB545210FB0B5_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesEPreferredStockMember_D750A774441D87DC98FEB545210FB0B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series E, $0.01 par value </link:label>
<link:label id="lab_us-gaap_SeriesEPreferredStockMember_D750A774441D87DC98FEB545210FB0B5_label_en-US" xlink:label="lab_us-gaap_SeriesEPreferredStockMember_D750A774441D87DC98FEB545210FB0B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series E Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesEPreferredStockMember" xlink:label="loc_us-gaap_SeriesEPreferredStockMember_D750A774441D87DC98FEB545210FB0B5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SeriesFPreferredStockMember_C9E5EB612794C8E80C22B545210F10BF_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesFPreferredStockMember_C9E5EB612794C8E80C22B545210F10BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series F, $0.01 par value </link:label>
<link:label id="lab_us-gaap_SeriesFPreferredStockMember_C9E5EB612794C8E80C22B545210F10BF_label_en-US" xlink:label="lab_us-gaap_SeriesFPreferredStockMember_C9E5EB612794C8E80C22B545210F10BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series F Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SeriesFPreferredStockMember" xlink:label="loc_us-gaap_SeriesFPreferredStockMember_C9E5EB612794C8E80C22B545210F10BF" xlink:type="locator"/>
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<link:label id="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA_terseLabel_en-US" xlink:label="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series I, $0.01 par value </link:label>
<link:label id="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA_label_en-US" xlink:label="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series I Preferred Stock [Member] </link:label>
<link:label id="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA_documentation_en-US" xlink:label="lab_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_SeriesIPreferredStockMember" xlink:label="loc_ms_SeriesIPreferredStockMember_D7AE1BBEFF18E0A4FC42B545210F34FA" xlink:type="locator"/>
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<link:label id="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76_terseLabel_en-US" xlink:label="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series K, $0.01 par value </link:label>
<link:label id="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76_label_en-US" xlink:label="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series K Preferred Stock [Member] </link:label>
<link:label id="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76_documentation_en-US" xlink:label="lab_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_SeriesKPreferredStockMember" xlink:label="loc_ms_SeriesKPreferredStockMember_CD7625068C0906EEDCEBB54521100A76" xlink:type="locator"/>
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<link:label id="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319_terseLabel_en-US" xlink:label="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Cumulative Preferred Stock, Series L, $0.01 par value </link:label>
<link:label id="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319_label_en-US" xlink:label="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series L Preferred Stock [Member] </link:label>
<link:label id="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319_documentation_en-US" xlink:label="lab_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Series L Preferred Stock [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SeriesLPreferredStockMember" xlink:label="loc_ms_SeriesLPreferredStockMember_CAD068CD8FAEBF6861B8B5452110B319" xlink:type="locator"/>
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<link:label id="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B_terseLabel_en-US" xlink:label="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026 </link:label>
<link:label id="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B_label_en-US" xlink:label="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026 of Morgan Stanley Finance LLC [Member] </link:label>
<link:label id="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B_documentation_en-US" xlink:label="lab_ms_GlobalMediumTermNotesSeriesAFixedRateStepUpSeniorNotesDue2026ofMorganStanleyFinanceLLCMember_E37133D27A8B5AB9739EB5452110977B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Global Medium-Term Notes, Series A, Fixed Rate Step-Up Senior Notes Due 2026 of Morgan Stanley Finance LLC [Member] </link:label>
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<link:label id="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004_terseLabel_en-US" xlink:label="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Cushing® MLP High Income Index ETNs due March 21, 2031 </link:label>
<link:label id="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004_label_en-US" xlink:label="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Cushing MLP High Income Index ETNs due March 21, 2031 [Member] </link:label>
<link:label id="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004_documentation_en-US" xlink:label="lab_ms_MorganStanleyCushingMLPHighIncomeIndexETNsdueMarch212031Member_75F9304D94A8E1997519B54521105004" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Cushing MLP High Income Index ETNs due March 21, 2031 [Member] </link:label>
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<link:label id="lab_dei_DocumentInformationLineItems_DF793FD42D6C94A7C17BB54521103354_terseLabel_en-US" xlink:label="lab_dei_DocumentInformationLineItems_DF793FD42D6C94A7C17BB54521103354" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Information [Line Items] </link:label>
<link:label id="lab_dei_DocumentInformationLineItems_DF793FD42D6C94A7C17BB54521103354_label_en-US" xlink:label="lab_dei_DocumentInformationLineItems_DF793FD42D6C94A7C17BB54521103354" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Information [Line Items] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentInformationLineItems" xlink:label="loc_dei_DocumentInformationLineItems_DF793FD42D6C94A7C17BB54521103354" xlink:type="locator"/>
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<link:label id="lab_dei_AmendmentFlag_77CDF39BB65C4B78E01BB54521109D8F_label_en-US" xlink:label="lab_dei_AmendmentFlag_77CDF39BB65C4B78E01BB54521109D8F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Amendment Flag </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_AmendmentFlag" xlink:label="loc_dei_AmendmentFlag_77CDF39BB65C4B78E01BB54521109D8F" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentFiscalYearFocus_99EBDDDD78A8163D23FEB54521117129_label_en-US" xlink:label="lab_dei_DocumentFiscalYearFocus_99EBDDDD78A8163D23FEB54521117129" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Fiscal Year Focus </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="loc_dei_DocumentFiscalYearFocus_99EBDDDD78A8163D23FEB54521117129" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentFiscalPeriodFocus_8AF917FEECA0C4706080B5452111EA29_label_en-US" xlink:label="lab_dei_DocumentFiscalPeriodFocus_8AF917FEECA0C4706080B5452111EA29" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Fiscal Period Focus </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="loc_dei_DocumentFiscalPeriodFocus_8AF917FEECA0C4706080B5452111EA29" xlink:type="locator"/>
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<link:label id="lab_dei_EntityCentralIndexKey_F7535CBED7F5DFD6853DB545211133AA_label_en-US" xlink:label="lab_dei_EntityCentralIndexKey_F7535CBED7F5DFD6853DB545211133AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Central Index Key </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCentralIndexKey" xlink:label="loc_dei_EntityCentralIndexKey_F7535CBED7F5DFD6853DB545211133AA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityCentralIndexKey_F7535CBED7F5DFD6853DB545211133AA" xlink:to="lab_dei_EntityCentralIndexKey_F7535CBED7F5DFD6853DB545211133AA" xlink:type="arc"/>
<link:label id="lab_dei_CurrentFiscalYearEndDate_1EFC07A0991D780717F0B5452111B6D5_label_en-US" xlink:label="lab_dei_CurrentFiscalYearEndDate_1EFC07A0991D780717F0B5452111B6D5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Current Fiscal Year End Date </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CurrentFiscalYearEndDate" xlink:label="loc_dei_CurrentFiscalYearEndDate_1EFC07A0991D780717F0B5452111B6D5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CurrentFiscalYearEndDate_1EFC07A0991D780717F0B5452111B6D5" xlink:to="lab_dei_CurrentFiscalYearEndDate_1EFC07A0991D780717F0B5452111B6D5" xlink:type="arc"/>
<link:label id="lab_dei_EntityRegistrantName_754CA89D711C0198EB92B5452111C8F6_label_en-US" xlink:label="lab_dei_EntityRegistrantName_754CA89D711C0198EB92B5452111C8F6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Registrant Name </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityRegistrantName" xlink:label="loc_dei_EntityRegistrantName_754CA89D711C0198EB92B5452111C8F6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityRegistrantName_754CA89D711C0198EB92B5452111C8F6" xlink:to="lab_dei_EntityRegistrantName_754CA89D711C0198EB92B5452111C8F6" xlink:type="arc"/>
<link:label id="lab_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6_terseLabel_en-US" xlink:label="lab_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Quarterly Report </link:label>
<link:label id="lab_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6_label_en-US" xlink:label="lab_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Quarterly Report </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentQuarterlyReport" xlink:label="loc_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6" xlink:to="lab_dei_DocumentQuarterlyReport_4EDC1F14187F4DA61431B54521116CA6" xlink:type="arc"/>
<link:label id="lab_dei_DocumentTransitionReport_BDBFFC3FE4E880B66DA8B5452112639F_terseLabel_en-US" xlink:label="lab_dei_DocumentTransitionReport_BDBFFC3FE4E880B66DA8B5452112639F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Document Transition Report </link:label>
<link:label id="lab_dei_DocumentTransitionReport_BDBFFC3FE4E880B66DA8B5452112639F_label_en-US" xlink:label="lab_dei_DocumentTransitionReport_BDBFFC3FE4E880B66DA8B5452112639F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Transition Report </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentTransitionReport" xlink:label="loc_dei_DocumentTransitionReport_BDBFFC3FE4E880B66DA8B5452112639F" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentType_98EF47DD39AAB6F97FB6B5452112AE1A_label_en-US" xlink:label="lab_dei_DocumentType_98EF47DD39AAB6F97FB6B5452112AE1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Type </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentType" xlink:label="loc_dei_DocumentType_98EF47DD39AAB6F97FB6B5452112AE1A" xlink:type="locator"/>
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<link:label id="lab_dei_DocumentPeriodEndDate_3A2A881B1B13434DACEEB54521126825_label_en-US" xlink:label="lab_dei_DocumentPeriodEndDate_3A2A881B1B13434DACEEB54521126825" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Document Period End Date </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="loc_dei_DocumentPeriodEndDate_3A2A881B1B13434DACEEB54521126825" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_DocumentPeriodEndDate_3A2A881B1B13434DACEEB54521126825" xlink:to="lab_dei_DocumentPeriodEndDate_3A2A881B1B13434DACEEB54521126825" xlink:type="arc"/>
<link:label id="lab_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46_terseLabel_en-US" xlink:label="lab_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity File Number </link:label>
<link:label id="lab_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46_label_en-US" xlink:label="lab_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity File Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityFileNumber" xlink:label="loc_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46" xlink:to="lab_dei_EntityFileNumber_456E392623CB8A97F052B54521126B46" xlink:type="arc"/>
<link:label id="lab_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68_terseLabel_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>
<link:label id="lab_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68_label_en-US" xlink:label="lab_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Incorporation, State or Country Code </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="loc_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68" xlink:to="lab_dei_EntityIncorporationStateCountryCode_99445E5689379E6CC726B54521124C68" xlink:type="arc"/>
<link:label id="lab_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C_terseLabel_en-US" xlink:label="lab_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, Address Line One </link:label>
<link:label id="lab_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C_label_en-US" xlink:label="lab_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, Address Line One </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressAddressLine1" xlink:label="loc_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C" xlink:to="lab_dei_EntityAddressAddressLine1_59C5208536CAEB1F5B0FB5452112353C" xlink:type="arc"/>
<link:label id="lab_dei_EntityAddressCityOrTown_B417A25FC81F28E1C2C7B54521132DBE_terseLabel_en-US" xlink:label="lab_dei_EntityAddressCityOrTown_B417A25FC81F28E1C2C7B54521132DBE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, City or Town </link:label>
<link:label id="lab_dei_EntityAddressCityOrTown_B417A25FC81F28E1C2C7B54521132DBE_label_en-US" xlink:label="lab_dei_EntityAddressCityOrTown_B417A25FC81F28E1C2C7B54521132DBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, City or Town </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressCityOrTown" xlink:label="loc_dei_EntityAddressCityOrTown_B417A25FC81F28E1C2C7B54521132DBE" xlink:type="locator"/>
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<link:label id="lab_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5_terseLabel_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, State or Province </link:label>
<link:label id="lab_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5_label_en-US" xlink:label="lab_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, State or Province </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressStateOrProvince" xlink:label="loc_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5" xlink:to="lab_dei_EntityAddressStateOrProvince_1A8179F25D994027F743B5452113E9A5" xlink:type="arc"/>
<link:label id="lab_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14_terseLabel_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>
<link:label id="lab_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14_label_en-US" xlink:label="lab_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Address, Postal Zip Code </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityAddressPostalZipCode" xlink:label="loc_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14" xlink:to="lab_dei_EntityAddressPostalZipCode_3D48EA59727D8F202C25B54521132A14" xlink:type="arc"/>
<link:label id="lab_dei_EntityTaxIdentificationNumber_8987ED0A737051C895FDB5452113F8B2_terseLabel_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber_8987ED0A737051C895FDB5452113F8B2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Tax Identification Number </link:label>
<link:label id="lab_dei_EntityTaxIdentificationNumber_8987ED0A737051C895FDB5452113F8B2_label_en-US" xlink:label="lab_dei_EntityTaxIdentificationNumber_8987ED0A737051C895FDB5452113F8B2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Tax Identification Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityTaxIdentificationNumber" xlink:label="loc_dei_EntityTaxIdentificationNumber_8987ED0A737051C895FDB5452113F8B2" xlink:type="locator"/>
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<link:label id="lab_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F_terseLabel_en-US" xlink:label="lab_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> City Area Code </link:label>
<link:label id="lab_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F_label_en-US" xlink:label="lab_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> City Area Code </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_CityAreaCode" xlink:label="loc_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F" xlink:to="lab_dei_CityAreaCode_B898C43D71C0CECD2FC2B5452113547F" xlink:type="arc"/>
<link:label id="lab_dei_LocalPhoneNumber_001AE670999D2FFF1E03B54521136B04_terseLabel_en-US" xlink:label="lab_dei_LocalPhoneNumber_001AE670999D2FFF1E03B54521136B04" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Local Phone Number </link:label>
<link:label id="lab_dei_LocalPhoneNumber_001AE670999D2FFF1E03B54521136B04_label_en-US" xlink:label="lab_dei_LocalPhoneNumber_001AE670999D2FFF1E03B54521136B04" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Local Phone Number </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LocalPhoneNumber" xlink:label="loc_dei_LocalPhoneNumber_001AE670999D2FFF1E03B54521136B04" xlink:type="locator"/>
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<link:label id="lab_dei_Security12bTitle_A27773C84A7AC6CE994DB5452114EEF4_terseLabel_en-US" xlink:label="lab_dei_Security12bTitle_A27773C84A7AC6CE994DB5452114EEF4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Title of 12(b) Security </link:label>
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<link:label id="lab_dei_EntityInteractiveDataCurrent_9CF7EACF8F14FCCE6FE7B545211443FF_terseLabel_en-US" xlink:label="lab_dei_EntityInteractiveDataCurrent_9CF7EACF8F14FCCE6FE7B545211443FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Interactive Data Current </link:label>
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<link:label id="lab_dei_EntitySmallBusiness_C978996A6203A31E1960B5452114D0D6_terseLabel_en-US" xlink:label="lab_dei_EntitySmallBusiness_C978996A6203A31E1960B5452114D0D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Small Business </link:label>
<link:label id="lab_dei_EntitySmallBusiness_C978996A6203A31E1960B5452114D0D6_label_en-US" xlink:label="lab_dei_EntitySmallBusiness_C978996A6203A31E1960B5452114D0D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Small Business </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntitySmallBusiness" xlink:label="loc_dei_EntitySmallBusiness_C978996A6203A31E1960B5452114D0D6" xlink:type="locator"/>
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<link:label id="lab_dei_EntityEmergingGrowthCompany_10C2E83BD7AF9044C7E0B5452115EC18_terseLabel_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_10C2E83BD7AF9044C7E0B5452115EC18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
<link:label id="lab_dei_EntityEmergingGrowthCompany_10C2E83BD7AF9044C7E0B5452115EC18_label_en-US" xlink:label="lab_dei_EntityEmergingGrowthCompany_10C2E83BD7AF9044C7E0B5452115EC18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Emerging Growth Company </link:label>
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<link:label id="lab_dei_EntityCommonStockSharesOutstanding_0FBC016BEDCBB0CC4826B5452115FE07_label_en-US" xlink:label="lab_dei_EntityCommonStockSharesOutstanding_0FBC016BEDCBB0CC4826B5452115FE07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity Common Stock, Shares Outstanding </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="loc_dei_EntityCommonStockSharesOutstanding_0FBC016BEDCBB0CC4826B5452115FE07" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_C2190934644FB4CB8D3C9AAF55CF5BC4_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_C2190934644FB4CB8D3C9AAF55CF5BC4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instruments and Hedging Activities Disclosure [Abstract] </link:label>
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<link:label id="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_4AD9AD5F6388BC65F8D19AAF55CF5C2B_terseLabel_en-US" xlink:label="lab_us-gaap_FairValuesDerivativesBalanceSheetLocationByDerivativeContractTypeByHedgingDesignationTable_4AD9AD5F6388BC65F8D19AAF55CF5C2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Values Derivatives, Balance Sheet Location, by Derivative Contract Type [Table] </link:label>
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<link:label id="lab_us-gaap_HedgingDesignationAxis_E5D9AD2D2A0F587EAF9A9AAF55CFD174_terseLabel_en-US" xlink:label="lab_us-gaap_HedgingDesignationAxis_E5D9AD2D2A0F587EAF9A9AAF55CFD174" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Hedging Designation [Axis] </link:label>
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<link:label id="lab_us-gaap_DesignatedAsHedgingInstrumentMember_6675C2374C36E343050F9AAF55D08DB5_terseLabel_en-US" xlink:label="lab_us-gaap_DesignatedAsHedgingInstrumentMember_6675C2374C36E343050F9AAF55D08DB5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Designated as accounting hedges </link:label>
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<link:label id="lab_us-gaap_NondesignatedMember_4311D32A79CECD3058EE9AAF55D16065_terseLabel_en-US" xlink:label="lab_us-gaap_NondesignatedMember_4311D32A79CECD3058EE9AAF55D16065" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Not designated as accounting hedges </link:label>
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<link:label id="lab_us-gaap_ExchangeClearedMember_466B38D28D464C9339A09AAF55D4EAE7_terseLabel_en-US" xlink:label="lab_us-gaap_ExchangeClearedMember_466B38D28D464C9339A09AAF55D4EAE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cleared OTC </link:label>
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<link:label id="lab_us-gaap_ExchangeTradedMember_94EF9660C247E6C414F09AAF55D4F24A_terseLabel_en-US" xlink:label="lab_us-gaap_ExchangeTradedMember_94EF9660C247E6C414F09AAF55D4F24A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exchange- Traded </link:label>
<link:label id="lab_us-gaap_ExchangeTradedMember_94EF9660C247E6C414F09AAF55D4F24A_label_en-US" xlink:label="lab_us-gaap_ExchangeTradedMember_94EF9660C247E6C414F09AAF55D4F24A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Exchange Traded [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ExchangeTradedMember" xlink:label="loc_us-gaap_ExchangeTradedMember_94EF9660C247E6C414F09AAF55D4F24A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Assets and Liabilities </link:label>
<link:label id="lab_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3_label_en-US" xlink:label="lab_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivatives, Fair Value [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativesFairValueLineItems" xlink:label="loc_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3" xlink:to="lab_us-gaap_DerivativesFairValueLineItems_269D3B074D379A6D58489AAF55D460B3" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNetAbstract_1284672DAD916341914A9AAF55D40D1B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNetAbstract_1284672DAD916341914A9AAF55D40D1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivatives, Fair Value </link:label>
<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeNetAbstract_1284672DAD916341914A9AAF55D40D1B_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeNetAbstract_1284672DAD916341914A9AAF55D40D1B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Fair Value, Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeNetAbstract" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeNetAbstract_1284672DAD916341914A9AAF55D40D1B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Assets </link:label>
<link:label id="lab_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetsAbstract" xlink:label="loc_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908" xlink:to="lab_us-gaap_DerivativeAssetsAbstract_E4D728B250F5FC54FB4C9AAF55D4C908" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total gross derivatives </link:label>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A" xlink:to="lab_us-gaap_DerivativeAssetFairValueGrossAssetIncludingNotSubjectToMasterNettingArrangement_2295C437D558226BAE119AAF55D55A1A" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts offset against counterparty netting </link:label>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Fair Value, Gross Liability </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiability" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5" xlink:to="lab_us-gaap_DerivativeAssetFairValueGrossLiability_203E1851BE13DF54F99A9AAF55D518F5" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts offset against cash collateral netting </link:label>
<link:label id="lab_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Collateral, Obligation to Return Cash, Offset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset" xlink:label="loc_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA" xlink:to="lab_us-gaap_DerivativeAssetCollateralObligationToReturnCashOffset_EE2DBF1DA39AE8DF0F399AAF55D5D7FA" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssets_038F97C59CB5556C45259AAF55D5C52E_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_038F97C59CB5556C45259AAF55D5C52E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total in Trading assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_038F97C59CB5556C45259AAF55D5C52E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_038F97C59CB5556C45259AAF55D5C52E" xlink:to="lab_us-gaap_DerivativeAssets_038F97C59CB5556C45259AAF55D5C52E" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts not offset against financial instruments collateral </link:label>
<link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Collateral, Obligation to Return Securities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnSecurities" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A" xlink:to="lab_us-gaap_DerivativeCollateralObligationToReturnSecurities_8DFF1CC011866A49D2949AAF55D6F09A" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts not offset against other cash collateral </link:label>
<link:label id="lab_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Collateral, Obligation to Return Cash </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCollateralObligationToReturnCash" xlink:label="loc_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C" xlink:to="lab_us-gaap_DerivativeCollateralObligationToReturnCash_DDFE8471203938482E689AAF55D6982C" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral_5282A0CD54BEB4E908C69AAF55D67FFB_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral_5282A0CD54BEB4E908C69AAF55D67FFB" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net amounts </link:label>
<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral_5282A0CD54BEB4E908C69AAF55D67FFB_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral_5282A0CD54BEB4E908C69AAF55D67FFB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Fair Value, Amount Offset Against Collateral </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral_5282A0CD54BEB4E908C69AAF55D67FFB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable </link:label>
<link:label id="lab_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Not Subject to Master Netting Arrangement </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781" xlink:to="lab_us-gaap_DerivativeAssetNotSubjectToMasterNettingArrangement_CD9714303BE4F44414829AAF55D63781" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeLiabilitiesAbstract_82CF6FA009BE591987089AAF55D623C5_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesAbstract_82CF6FA009BE591987089AAF55D623C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Liabilities </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilitiesAbstract_82CF6FA009BE591987089AAF55D623C5_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilitiesAbstract_82CF6FA009BE591987089AAF55D623C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilitiesAbstract" xlink:label="loc_us-gaap_DerivativeLiabilitiesAbstract_82CF6FA009BE591987089AAF55D623C5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement_6CCFE955558BA05251409AAF55D6806B_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement_6CCFE955558BA05251409AAF55D6806B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total gross derivatives </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement_6CCFE955558BA05251409AAF55D6806B_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement_6CCFE955558BA05251409AAF55D6806B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossLiabilityIncludingNotSubjectToMasterNettingArrangement_6CCFE955558BA05251409AAF55D6806B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_6D50DDFA4EE18ED018279AAF55D7FE08_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_6D50DDFA4EE18ED018279AAF55D7FE08" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts offset against counterparty netting </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_6D50DDFA4EE18ED018279AAF55D7FE08_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityFairValueGrossAsset_6D50DDFA4EE18ED018279AAF55D7FE08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Fair Value, Gross Asset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityFairValueGrossAsset" xlink:label="loc_us-gaap_DerivativeLiabilityFairValueGrossAsset_6D50DDFA4EE18ED018279AAF55D7FE08" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_77D9832896524886A2439AAF55D71967_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_77D9832896524886A2439AAF55D71967" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts offset against cash collateral netting </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_77D9832896524886A2439AAF55D71967_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_77D9832896524886A2439AAF55D71967" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Collateral, Right to Reclaim Cash, Offset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset" xlink:label="loc_us-gaap_DerivativeLiabilityCollateralRightToReclaimCashOffset_77D9832896524886A2439AAF55D71967" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLiabilities_EA29C36FB8DB2F768C619AAF55D76274_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilities_EA29C36FB8DB2F768C619AAF55D76274" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total in Trading liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilities" xlink:label="loc_us-gaap_DerivativeLiabilities_EA29C36FB8DB2F768C619AAF55D76274" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_D449B377C353862177A99AAF55D76A5E_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_D449B377C353862177A99AAF55D76A5E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts not offset against financial instruments collateral </link:label>
<link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_D449B377C353862177A99AAF55D76A5E_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimSecurities_D449B377C353862177A99AAF55D76A5E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Collateral, Right to Reclaim Securities </link:label>
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<link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_ECC4C4758085AF75E2A89AAF55D8217B_negatedLabel_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_ECC4C4758085AF75E2A89AAF55D8217B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Amounts not offset against other cash collateral </link:label>
<link:label id="lab_us-gaap_DerivativeCollateralRightToReclaimCash_ECC4C4758085AF75E2A89AAF55D8217B_label_en-US" xlink:label="lab_us-gaap_DerivativeCollateralRightToReclaimCash_ECC4C4758085AF75E2A89AAF55D8217B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Collateral, Right to Reclaim Cash </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeCollateralRightToReclaimCash" xlink:label="loc_us-gaap_DerivativeCollateralRightToReclaimCash_ECC4C4758085AF75E2A89AAF55D8217B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral_6AC00B7D3B261C8952F99AAF55D85045_totalLabel_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral_6AC00B7D3B261C8952F99AAF55D85045" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net amounts </link:label>
<link:label id="lab_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral_6AC00B7D3B261C8952F99AAF55D85045_label_en-US" xlink:label="lab_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral_6AC00B7D3B261C8952F99AAF55D85045" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Fair Value, Amount Offset Against Collateral </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral" xlink:label="loc_us-gaap_DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral_6AC00B7D3B261C8952F99AAF55D85045" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_53EBDDB18FE7B5126D609AAF55D8FB98_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_53EBDDB18FE7B5126D609AAF55D8FB98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net amounts for which master netting or collateral agreements are not in place or may not be legally enforceable </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_53EBDDB18FE7B5126D609AAF55D8FB98_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_53EBDDB18FE7B5126D609AAF55D8FB98" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Not Subject to Master Netting Arrangement </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement" xlink:label="loc_us-gaap_DerivativeLiabilityNotSubjectToMasterNettingArrangement_53EBDDB18FE7B5126D609AAF55D8FB98" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_56E3272124920F002B749AAF55E5F6FF_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_56E3272124920F002B749AAF55E5F6FF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative Instruments and Hedging Activities </link:label>
<link:label id="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_56E3272124920F002B749AAF55E5F6FF_label_en-US" xlink:label="lab_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_56E3272124920F002B749AAF55E5F6FF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Instruments and Hedging Activities Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="loc_us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock_56E3272124920F002B749AAF55E5F6FF" xlink:type="locator"/>
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<link:label id="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755_terseLabel_en-US" xlink:label="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Deposits </link:label>
<link:label id="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755_label_en-US" xlink:label="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposit Liabilities [Table Text Block] </link:label>
<link:label id="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755_documentation_en-US" xlink:label="lab_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of deposit liability. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DepositLiabilitiesTableTextBlock" xlink:label="loc_ms_DepositLiabilitiesTableTextBlock_2EB06EBA84B126BCD83D9AAF548B8755" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesTableTextBlock_8BA62CC0C8CE1FAEA1189AAF548B43CB_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesTableTextBlock_8BA62CC0C8CE1FAEA1189AAF548B43CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Time Deposit Maturities </link:label>
<link:label id="lab_us-gaap_TimeDepositMaturitiesTableTextBlock_8BA62CC0C8CE1FAEA1189AAF548B43CB_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesTableTextBlock_8BA62CC0C8CE1FAEA1189AAF548B43CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TimeDepositMaturitiesTableTextBlock" xlink:label="loc_us-gaap_TimeDepositMaturitiesTableTextBlock_8BA62CC0C8CE1FAEA1189AAF548B43CB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfFinancialPositionAbstract_3AC8D62B20F6FFB04BAE9AAF571B4144_label_en-US" xlink:label="lab_us-gaap_StatementOfFinancialPositionAbstract_3AC8D62B20F6FFB04BAE9AAF571B4144" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Financial Position [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract" xlink:label="loc_us-gaap_StatementOfFinancialPositionAbstract_3AC8D62B20F6FFB04BAE9AAF571B4144" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AssetsAbstract_835E58233767B002263B9AAF571BF3DE_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsAbstract_835E58233767B002263B9AAF571BF3DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:label id="lab_us-gaap_AssetsAbstract_835E58233767B002263B9AAF571BF3DE_label_en-US" xlink:label="lab_us-gaap_AssetsAbstract_835E58233767B002263B9AAF571BF3DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="loc_us-gaap_AssetsAbstract_835E58233767B002263B9AAF571BF3DE" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0EA770CEB5CE7085C6189AAF571C055F_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0EA770CEB5CE7085C6189AAF571C055F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0EA770CEB5CE7085C6189AAF571C055F_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_0EA770CEB5CE7085C6189AAF571C055F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, at Carrying Value </link:label>
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<link:label id="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953_terseLabel_en-US" xlink:label="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading assets at fair value ($127,153 and $128,386 were pledged to various parties) </link:label>
<link:label id="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953_label_en-US" xlink:label="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trading Assets, Fair Value Disclosure </link:label>
<link:label id="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953_documentation_en-US" xlink:label="lab_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value portion of assets pertaining to principal and customer trading transactions, or which may be incurred with the objective of generating a profit from short- term fluctuations in price as part of an entity's market-making, hedging and proprietary trading. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TradingAssetsFairValueDisclosure" xlink:label="loc_ms_TradingAssetsFairValueDisclosure_1A9A8E5B2999097B2C399AAF571C9953" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAndHeldToMaturity_ACE74E2CE7896FAC69C79AAF571CBB7E_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAndHeldToMaturity_ACE74E2CE7896FAC69C79AAF571CBB7E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment securities (includes $85,577 and $62,223 at fair value) </link:label>
<link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleAndHeldToMaturity_ACE74E2CE7896FAC69C79AAF571CBB7E_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleAndHeldToMaturity_ACE74E2CE7896FAC69C79AAF571CBB7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale and Held-to-maturity </link:label>
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<link:label id="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResell_7F8CB74591BDD874C3219AAF571CA7EF_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResell_7F8CB74591BDD874C3219AAF571CA7EF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities purchased under agreements to resell (includes $19 and $4 at fair value) </link:label>
<link:label id="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResell_7F8CB74591BDD874C3219AAF571CA7EF_label_en-US" xlink:label="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResell_7F8CB74591BDD874C3219AAF571CA7EF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Purchased under Agreements to Resell </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResell" xlink:label="loc_us-gaap_SecuritiesPurchasedUnderAgreementsToResell_7F8CB74591BDD874C3219AAF571CA7EF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities borrowed </link:label>
<link:label id="lab_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9_label_en-US" xlink:label="lab_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Borrowed </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesBorrowed" xlink:label="loc_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9" xlink:to="lab_us-gaap_SecuritiesBorrowed_06BDBBC60CB1128A12569AAF571D54C9" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE_terseLabel_en-US" xlink:label="lab_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer and other receivables </link:label>
<link:label id="lab_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE_label_en-US" xlink:label="lab_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Receivables </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherReceivables" xlink:label="loc_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE" xlink:to="lab_us-gaap_OtherReceivables_D69A917975B16E1962349AAF571D77DE" xlink:type="arc"/>
<link:label id="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18_terseLabel_en-US" xlink:label="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Held for investment (net of allowance of $866 and $349) </link:label>
<link:label id="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18_label_en-US" xlink:label="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Held for Investment </link:label>
<link:label id="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18_documentation_en-US" xlink:label="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Loans Held for Investment </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LoansHeldforInvestment" xlink:label="loc_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:to="lab_ms_LoansHeldforInvestment_ED98341F9E07253895779AAF571D0E18" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199_verboseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Held for sale </link:label>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Held-for-sale, Net, Not Part of Disposal Group </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_F8FC773C17C6072186019AAF571DA199" xlink:type="arc"/>
<link:label id="lab_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7_terseLabel_en-US" xlink:label="lab_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Goodwill </link:label>
<link:label id="lab_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7_label_en-US" xlink:label="lab_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Goodwill </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Goodwill" xlink:label="loc_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7" xlink:to="lab_us-gaap_Goodwill_5BB3DB04EBB059EC9A989AAF571D5FC7" xlink:type="arc"/>
<link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24_terseLabel_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Intangible assets (net of accumulated amortization of $3,361 and $3,204) </link:label>
<link:label id="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24_label_en-US" xlink:label="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intangible Assets, Net (Excluding Goodwill) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24" xlink:to="lab_us-gaap_IntangibleAssetsNetExcludingGoodwill_9666A2999FB7AD77C2609AAF571EFB24" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910_terseLabel_en-US" xlink:label="lab_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other assets </link:label>
<link:label id="lab_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910_label_en-US" xlink:label="lab_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherAssets" xlink:label="loc_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910" xlink:to="lab_us-gaap_OtherAssets_6FDA4A191DB26CA87F709AAF571E1910" xlink:type="arc"/>
<link:label id="lab_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA_totalLabel_en-US" xlink:label="lab_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total assets </link:label>
<link:label id="lab_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA_label_en-US" xlink:label="lab_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA" xlink:to="lab_us-gaap_Assets_51A6550D1FADE891EA1E9AAF571E09FA" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:label id="lab_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89_label_en-US" xlink:label="lab_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesAbstract" xlink:label="loc_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89" xlink:to="lab_us-gaap_LiabilitiesAbstract_F96011AD3EDD58D4E7FD9AAF571E6A89" xlink:type="arc"/>
<link:label id="lab_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228_terseLabel_en-US" xlink:label="lab_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deposits (includes $4,022 and $2,099 at fair value) </link:label>
<link:label id="lab_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228_label_en-US" xlink:label="lab_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Deposits" xlink:label="loc_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228" xlink:to="lab_us-gaap_Deposits_B0D86B8BBAC652967E5B9AAF571FE228" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA_verboseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Trading liabilities at fair value </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments Sold, Not yet Purchased, at Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue" xlink:label="loc_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA" xlink:to="lab_us-gaap_FinancialInstrumentsSoldNotYetPurchasedAtFairValue_860B91F2BD23FB248BEA9AAF571F2AEA" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreements to repurchase (includes $1,225 and $733 at fair value) </link:label>
<link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C_label_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Sold under Agreements to Repurchase </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesSoldUnderAgreementsToRepurchase" xlink:label="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C" xlink:to="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_6AC83DD2C8B76D5E81999AAF571F022C" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities loaned </link:label>
<link:label id="lab_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89_label_en-US" xlink:label="lab_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Loaned </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesLoaned" xlink:label="loc_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89" xlink:to="lab_us-gaap_SecuritiesLoaned_B12D4C9BCEC0D088A8E89AAF571FCF89" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06_terseLabel_en-US" xlink:label="lab_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings (includes $9,914 and $7,809 at fair value) </link:label>
<link:label id="lab_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06_label_en-US" xlink:label="lab_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Secured Financings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherSecuredFinancings" xlink:label="loc_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06" xlink:to="lab_us-gaap_OtherSecuredFinancings_89078663E3CE0B05F5F39AAF571F9A06" xlink:type="arc"/>
<link:label id="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A_terseLabel_en-US" xlink:label="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer and other payables </link:label>
<link:label id="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A_label_en-US" xlink:label="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payables </link:label>
<link:label id="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A_documentation_en-US" xlink:label="lab_ms_Payables_04840B40FED3B021876F9AAF571F5C0A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Payables are amounts due to various parties arising from transactions between the entity and these parties: customers; brokers, dealers and clearing organizations; and interest and dividends. </link:label>
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<link:label id="lab_us-gaap_AccruedLiabilitiesAndOtherLiabilities_C0DB5F1498533A7C2F049AAF57208F14_terseLabel_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesAndOtherLiabilities_C0DB5F1498533A7C2F049AAF57208F14" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other liabilities and accrued expenses </link:label>
<link:label id="lab_us-gaap_AccruedLiabilitiesAndOtherLiabilities_C0DB5F1498533A7C2F049AAF57208F14_label_en-US" xlink:label="lab_us-gaap_AccruedLiabilitiesAndOtherLiabilities_C0DB5F1498533A7C2F049AAF57208F14" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accrued Liabilities and Other Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccruedLiabilitiesAndOtherLiabilities" xlink:label="loc_us-gaap_AccruedLiabilitiesAndOtherLiabilities_C0DB5F1498533A7C2F049AAF57208F14" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_00CA0B38B67F89DFD32F9AAF5720F343_verboseLabel_en-US" xlink:label="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_00CA0B38B67F89DFD32F9AAF5720F343" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings (includes $66,737 and $64,461 at fair value) </link:label>
<link:label id="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_00CA0B38B67F89DFD32F9AAF5720F343_label_en-US" xlink:label="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_00CA0B38B67F89DFD32F9AAF5720F343" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt, Long-term and Short-term, Combined Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtLongtermAndShorttermCombinedAmount" xlink:label="loc_us-gaap_DebtLongtermAndShorttermCombinedAmount_00CA0B38B67F89DFD32F9AAF5720F343" xlink:type="locator"/>
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<link:label id="lab_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996_totalLabel_en-US" xlink:label="lab_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total liabilities </link:label>
<link:label id="lab_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996_label_en-US" xlink:label="lab_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Liabilities" xlink:label="loc_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996" xlink:to="lab_us-gaap_Liabilities_6A00AA2A2D897138391D9AAF57200996" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommitmentsAndContingencies_92EE7CC0E5C312CD90389AAF57205B25_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_92EE7CC0E5C312CD90389AAF57205B25" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitments and contingent liabilities (see Note 13) </link:label>
<link:label id="lab_us-gaap_CommitmentsAndContingencies_92EE7CC0E5C312CD90389AAF57205B25_label_en-US" xlink:label="lab_us-gaap_CommitmentsAndContingencies_92EE7CC0E5C312CD90389AAF57205B25" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments and Contingencies </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="loc_us-gaap_CommitmentsAndContingencies_92EE7CC0E5C312CD90389AAF57205B25" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8B266FCF3D4EA5594A4E9AAF5721B22A_terseLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8B266FCF3D4EA5594A4E9AAF5721B22A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity </link:label>
<link:label id="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8B266FCF3D4EA5594A4E9AAF5721B22A_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8B266FCF3D4EA5594A4E9AAF5721B22A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract" xlink:label="loc_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract_8B266FCF3D4EA5594A4E9AAF5721B22A" xlink:type="locator"/>
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<link:label id="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E_verboseLabel_en-US" xlink:label="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock </link:label>
<link:label id="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E_label_en-US" xlink:label="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock, Carrying Value </link:label>
<link:label id="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E_documentation_en-US" xlink:label="lab_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Call price of preferred stock plus any dividends in arrears times total number of preferred stock outstanding. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_PreferredStockCarryingValue" xlink:label="loc_ms_PreferredStockCarryingValue_06345B1DC6CDC00C6E449AAF5721494E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommonStockValue_EF7A97E676BBD3A7138A9AAF57217259_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockValue_EF7A97E676BBD3A7138A9AAF57217259" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock </link:label>
<link:label id="lab_us-gaap_CommonStockValue_EF7A97E676BBD3A7138A9AAF57217259_label_en-US" xlink:label="lab_us-gaap_CommonStockValue_EF7A97E676BBD3A7138A9AAF57217259" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Value, Issued </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockValue" xlink:label="loc_us-gaap_CommonStockValue_EF7A97E676BBD3A7138A9AAF57217259" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional paid-in capital </link:label>
<link:label id="lab_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional Paid in Capital </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="loc_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0" xlink:to="lab_us-gaap_AdditionalPaidInCapital_F844DDBB0B4BC20232DA9AAF5721FDD0" xlink:type="arc"/>
<link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_75B89E73E9A8E67EE5CD9AAF57221BC7_terseLabel_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_75B89E73E9A8E67EE5CD9AAF57221BC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained earnings </link:label>
<link:label id="lab_us-gaap_RetainedEarningsAccumulatedDeficit_75B89E73E9A8E67EE5CD9AAF57221BC7_label_en-US" xlink:label="lab_us-gaap_RetainedEarningsAccumulatedDeficit_75B89E73E9A8E67EE5CD9AAF57221BC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Earnings (Accumulated Deficit) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="loc_us-gaap_RetainedEarningsAccumulatedDeficit_75B89E73E9A8E67EE5CD9AAF57221BC7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CapitalAccumulationPlans_ADD0C19B6B292CDC43CF9AAF57220383_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalAccumulationPlans_ADD0C19B6B292CDC43CF9AAF57220383" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee stock trusts </link:label>
<link:label id="lab_us-gaap_CapitalAccumulationPlans_ADD0C19B6B292CDC43CF9AAF57220383_label_en-US" xlink:label="lab_us-gaap_CapitalAccumulationPlans_ADD0C19B6B292CDC43CF9AAF57220383" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital Accumulation Plans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CapitalAccumulationPlans" xlink:label="loc_us-gaap_CapitalAccumulationPlans_ADD0C19B6B292CDC43CF9AAF57220383" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B9230D71DECF8935CC639AAF57229ED4_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B9230D71DECF8935CC639AAF57229ED4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated other comprehensive income (loss) </link:label>
<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B9230D71DECF8935CC639AAF57229ED4_label_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B9230D71DECF8935CC639AAF57229ED4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss), Net of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax_B9230D71DECF8935CC639AAF57229ED4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TreasuryStockValue_99385EED2BB513373F2A9AAF57220640_negatedLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockValue_99385EED2BB513373F2A9AAF57220640" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Common stock held in treasury at cost, $0.01 par value (462,788,698 and 444,920,299 shares) </link:label>
<link:label id="lab_us-gaap_TreasuryStockValue_99385EED2BB513373F2A9AAF57220640_label_en-US" xlink:label="lab_us-gaap_TreasuryStockValue_99385EED2BB513373F2A9AAF57220640" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock, Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockValue" xlink:label="loc_us-gaap_TreasuryStockValue_99385EED2BB513373F2A9AAF57220640" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommonStockIssuedEmployeeStockTrust_3DAFA6ED4D03DC5D3C879AAF5722DFC6_negatedLabel_en-US" xlink:label="lab_us-gaap_CommonStockIssuedEmployeeStockTrust_3DAFA6ED4D03DC5D3C879AAF5722DFC6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Common stock issued to employee stock trusts </link:label>
<link:label id="lab_us-gaap_CommonStockIssuedEmployeeStockTrust_3DAFA6ED4D03DC5D3C879AAF5722DFC6_label_en-US" xlink:label="lab_us-gaap_CommonStockIssuedEmployeeStockTrust_3DAFA6ED4D03DC5D3C879AAF5722DFC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock Issued, Employee Stock Trust </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockIssuedEmployeeStockTrust" xlink:label="loc_us-gaap_CommonStockIssuedEmployeeStockTrust_3DAFA6ED4D03DC5D3C879AAF5722DFC6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockholdersEquity_F8901B0156D5B520052B9AAF57230A3B_totalLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquity_F8901B0156D5B520052B9AAF57230A3B" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total Morgan Stanley shareholders’ equity </link:label>
<link:label id="lab_us-gaap_StockholdersEquity_F8901B0156D5B520052B9AAF57230A3B_label_en-US" xlink:label="lab_us-gaap_StockholdersEquity_F8901B0156D5B520052B9AAF57230A3B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity Attributable to Parent </link:label>
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<link:label id="lab_us-gaap_NonredeemableNoncontrollingInterest_BB02A57087A05D13252C9AAF5723A451_terseLabel_en-US" xlink:label="lab_us-gaap_NonredeemableNoncontrollingInterest_BB02A57087A05D13252C9AAF5723A451" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Noncontrolling interests </link:label>
<link:label id="lab_us-gaap_NonredeemableNoncontrollingInterest_BB02A57087A05D13252C9AAF5723A451_label_en-US" xlink:label="lab_us-gaap_NonredeemableNoncontrollingInterest_BB02A57087A05D13252C9AAF5723A451" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Nonredeemable Noncontrolling Interest </link:label>
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<link:label id="lab_us-gaap_DerivativeLiabilityNotionalAmount_C3B8D9F2D47CF563AEC89AAF55C2539A_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotionalAmount_C3B8D9F2D47CF563AEC89AAF55C2539A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative liabilities </link:label>
<link:label id="lab_us-gaap_DerivativeLiabilityNotionalAmount_C3B8D9F2D47CF563AEC89AAF55C2539A_label_en-US" xlink:label="lab_us-gaap_DerivativeLiabilityNotionalAmount_C3B8D9F2D47CF563AEC89AAF55C2539A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Liability, Notional Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeLiabilityNotionalAmount" xlink:label="loc_us-gaap_DerivativeLiabilityNotionalAmount_C3B8D9F2D47CF563AEC89AAF55C2539A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_2D9F541B4CA2A0374F9F9AAF5609516A_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_2D9F541B4CA2A0374F9F9AAF5609516A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Fair Value Option </link:label>
<link:label id="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_2D9F541B4CA2A0374F9F9AAF5609516A_label_en-US" xlink:label="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_2D9F541B4CA2A0374F9F9AAF5609516A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Option, Disclosures [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock" xlink:label="loc_us-gaap_FairValueOptionQuantitativeDisclosuresTextBlock_2D9F541B4CA2A0374F9F9AAF5609516A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfCashFlowsAbstract_9A95E2DB93CF3E2A31E39AAF56E5A5AD_label_en-US" xlink:label="lab_us-gaap_StatementOfCashFlowsAbstract_9A95E2DB93CF3E2A31E39AAF56E5A5AD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Cash Flows [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract" xlink:label="loc_us-gaap_StatementOfCashFlowsAbstract_9A95E2DB93CF3E2A31E39AAF56E5A5AD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfCashFlowsAbstract_9A95E2DB93CF3E2A31E39AAF56E5A5AD" xlink:to="lab_us-gaap_StatementOfCashFlowsAbstract_9A95E2DB93CF3E2A31E39AAF56E5A5AD" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from operating activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E" xlink:to="lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract_9986EB348D6878797F5A9AAF56E5A10E" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProfitLoss_A3036DFCFF026E2231509AAF56E5EBDB_terseLabel_en-US" xlink:label="lab_us-gaap_ProfitLoss_A3036DFCFF026E2231509AAF56E5EBDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net income </link:label>
<link:label id="lab_us-gaap_ProfitLoss_A3036DFCFF026E2231509AAF56E5EBDB_label_en-US" xlink:label="lab_us-gaap_ProfitLoss_A3036DFCFF026E2231509AAF56E5EBDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income (Loss), Including Portion Attributable to Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProfitLoss" xlink:label="loc_us-gaap_ProfitLoss_A3036DFCFF026E2231509AAF56E5EBDB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_F5D6907882779B0521439AAF56E63E6A_verboseLabel_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_F5D6907882779B0521439AAF56E63E6A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Adjustments to reconcile net income to net cash provided by (used for) operating activities: </link:label>
<link:label id="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_F5D6907882779B0521439AAF56E63E6A_label_en-US" xlink:label="lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_F5D6907882779B0521439AAF56E63E6A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="loc_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_F5D6907882779B0521439AAF56E63E6A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ShareBasedCompensation_D08805D78297A168A9909AAF56E6D8A4_terseLabel_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_D08805D78297A168A9909AAF56E6D8A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Stock-based compensation expense </link:label>
<link:label id="lab_us-gaap_ShareBasedCompensation_D08805D78297A168A9909AAF56E6D8A4_label_en-US" xlink:label="lab_us-gaap_ShareBasedCompensation_D08805D78297A168A9909AAF56E6D8A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share-based Payment Arrangement, Noncash Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="loc_us-gaap_ShareBasedCompensation_D08805D78297A168A9909AAF56E6D8A4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB_terseLabel_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Depreciation and amortization </link:label>
<link:label id="lab_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB_label_en-US" xlink:label="lab_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Depreciation, Depletion and Amortization, Nonproduction </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DepreciationAndAmortization" xlink:label="loc_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB" xlink:to="lab_us-gaap_DepreciationAndAmortization_FFBB22685A1EDEAC48BF9AAF56E691DB" xlink:type="arc"/>
<link:label id="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3_positiveLabel_en-US" xlink:label="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US"> Provision for (Release of) credit losses on lending activities </link:label>
<link:label id="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3_label_en-US" xlink:label="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for Loans and Loan Commitments </link:label>
<link:label id="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3_documentation_en-US" xlink:label="lab_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of expense related to credit loss from loan transactions and loan commitments. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProvisionForLoansAndLoanCommitments" xlink:label="loc_ms_ProvisionForLoansAndLoanCommitments_8369D858014EB12FD58D9AAF56E76EA3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherNoncashIncomeExpense_B297DEA28237088236DE9AAF56E780C6_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_B297DEA28237088236DE9AAF56E780C6" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Other operating adjustments </link:label>
<link:label id="lab_us-gaap_OtherNoncashIncomeExpense_B297DEA28237088236DE9AAF56E780C6_label_en-US" xlink:label="lab_us-gaap_OtherNoncashIncomeExpense_B297DEA28237088236DE9AAF56E780C6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Noncash Income (Expense) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherNoncashIncomeExpense" xlink:label="loc_us-gaap_OtherNoncashIncomeExpense_B297DEA28237088236DE9AAF56E780C6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_CA23F3C3CA315DE2689A9AAF56E7301D_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_CA23F3C3CA315DE2689A9AAF56E7301D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Changes in assets and liabilities: </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_CA23F3C3CA315DE2689A9AAF56E7301D_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_CA23F3C3CA315DE2689A9AAF56E7301D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Operating Capital [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="loc_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract_CA23F3C3CA315DE2689A9AAF56E7301D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_875591D263C1C77593779AAF56E72591_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_875591D263C1C77593779AAF56E72591" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Trading assets, net of Trading liabilities </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_875591D263C1C77593779AAF56E72591_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_875591D263C1C77593779AAF56E72591" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Financial Instruments Used in Operating Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities" xlink:label="loc_us-gaap_IncreaseDecreaseInFinancialInstrumentsUsedInOperatingActivities_875591D263C1C77593779AAF56E72591" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncreaseDecreaseInSecuritiesBorrowed_93ABA3742B572FCA31549AAF56E799F9_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInSecuritiesBorrowed_93ABA3742B572FCA31549AAF56E799F9" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Securities borrowed </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInSecuritiesBorrowed_93ABA3742B572FCA31549AAF56E799F9_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInSecuritiesBorrowed_93ABA3742B572FCA31549AAF56E799F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Securities Borrowed </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions_37125AEADE02424B03EF9AAF56E8E17F_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInSecuritiesLoanedTransactions_37125AEADE02424B03EF9AAF56E8E17F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Securities Loaned Transactions </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInReceivables_5046B70A9749AE2C3B5B9AAF56E8A6A5_negatedLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInReceivables_5046B70A9749AE2C3B5B9AAF56E8A6A5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Customer and other receivables and other assets </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInReceivables_5046B70A9749AE2C3B5B9AAF56E8A6A5_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInReceivables_5046B70A9749AE2C3B5B9AAF56E8A6A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Receivables </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_69640BA6118341FFF7979AAF56E80262_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_69640BA6118341FFF7979AAF56E80262" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer and other payables and other liabilities </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInAccountsPayable_69640BA6118341FFF7979AAF56E80262_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInAccountsPayable_69640BA6118341FFF7979AAF56E80262" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Accounts Payable </link:label>
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<link:label id="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60_negatedLabel_en-US" xlink:label="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Securities purchased under agreements to resell </link:label>
<link:label id="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60_label_en-US" xlink:label="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Securities Purchased under Agreements to Resell </link:label>
<link:label id="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60_documentation_en-US" xlink:label="lab_ms_IncreaseDecreaseInSecuritiesPurchasedUnderAgreementsToResell_AAC37D536C9F8A68A18E9AAF56E84F60" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The net change in the beginning and end of period for investments purchased under the agreement to resell such investment balances. </link:label>
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<link:label id="lab_us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements_B6157CA51E0AAEE844C59AAF56E93A59_verboseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements_B6157CA51E0AAEE844C59AAF56E93A59" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreements to repurchase </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements_B6157CA51E0AAEE844C59AAF56E93A59_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements_B6157CA51E0AAEE844C59AAF56E93A59" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Payables under Repurchase Agreements </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements" xlink:label="loc_us-gaap_IncreaseDecreaseInPayablesUnderRepurchaseAgreements_B6157CA51E0AAEE844C59AAF56E93A59" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_609CE13F6EFFBB846DFA9AAF56E96EF6_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_609CE13F6EFFBB846DFA9AAF56E96EF6" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by (used for) operating activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_609CE13F6EFFBB846DFA9AAF56E96EF6_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInOperatingActivities_609CE13F6EFFBB846DFA9AAF56E96EF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Operating Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInOperatingActivities_609CE13F6EFFBB846DFA9AAF56E96EF6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from investing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract_8CE0DB1C8D7DA1BCBC2F9AAF56E9FA9C" xlink:type="arc"/>
<link:label id="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823_terseLabel_en-US" xlink:label="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from (payments for): </link:label>
<link:label id="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823_label_en-US" xlink:label="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from (Payments for) [Abstract] </link:label>
<link:label id="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823_documentation_en-US" xlink:label="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Proceeds from (Payments for) [Abstract] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProceedsfromPaymentsforAbstract" xlink:label="loc_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:to="lab_ms_ProceedsfromPaymentsforAbstract_B9097A06B50753F306199AAF56E99823" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Other assets—Premises, equipment and software, net </link:label>
<link:label id="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for (Proceeds from) Productive Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromProductiveAssets" xlink:label="loc_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B" xlink:to="lab_us-gaap_PaymentsForProceedsFromProductiveAssets_4557F73891FF439CA9A09AAF56E9632B" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Changes in loans, net </link:label>
<link:label id="lab_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for (Proceeds from) Loans Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromLoansReceivable" xlink:label="loc_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47" xlink:to="lab_us-gaap_PaymentsForProceedsFromLoansReceivable_C30C15B1AC9E10A147BB9AAF56EA9F47" xlink:type="arc"/>
<link:label id="lab_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C_terseLabel_en-US" xlink:label="lab_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment securities: </link:label>
<link:label id="lab_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C_label_en-US" xlink:label="lab_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Marketable Securities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MarketableSecuritiesAbstract" xlink:label="loc_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C" xlink:to="lab_us-gaap_MarketableSecuritiesAbstract_834B617FAC1234D39DAD9AAF56EA437C" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_CEA668AE43D22830E2249AAF56EAB1FD_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities_CEA668AE43D22830E2249AAF56EAB1FD" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Purchases </link:label>
<link:label id="lab_us-gaap_PaymentsToAcquireMarketableSecurities_CEA668AE43D22830E2249AAF56EAB1FD_label_en-US" xlink:label="lab_us-gaap_PaymentsToAcquireMarketableSecurities_CEA668AE43D22830E2249AAF56EAB1FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments to Acquire Marketable Securities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsToAcquireMarketableSecurities" xlink:label="loc_us-gaap_PaymentsToAcquireMarketableSecurities_CEA668AE43D22830E2249AAF56EAB1FD" xlink:type="locator"/>
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<link:label id="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64_verboseLabel_en-US" xlink:label="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from sales </link:label>
<link:label id="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64_label_en-US" xlink:label="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Sale of Marketable Securities </link:label>
<link:label id="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64_documentation_en-US" xlink:label="lab_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The cash inflow associated with the aggregate amount received by the entity through sale of marketable securities (held-to-maturity or available-for-sale) during the period. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProceedsFromSaleOfMarketableSecurities" xlink:label="loc_ms_ProceedsFromSaleOfMarketableSecurities_B2917F6DA9BEEE8656229AAF56EA9E64" xlink:type="locator"/>
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<link:label id="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9_verboseLabel_en-US" xlink:label="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from paydowns and maturities </link:label>
<link:label id="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9_label_en-US" xlink:label="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Maturities of Marketable Securities </link:label>
<link:label id="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9_documentation_en-US" xlink:label="lab_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The cash inflow associated with the aggregate amount received by the entity through maturity of marketable securities (held-to-maturity or available-for-sale) during the period. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProceedsFromMaturitiesOfMarketableSecurities" xlink:label="loc_ms_ProceedsFromMaturitiesOfMarketableSecurities_CD9752DE9B49830254729AAF56EBF3D9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3DAC7029CA4B70EABDAE9AAF56EBB716_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3DAC7029CA4B70EABDAE9AAF56EBB716" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Other investing activities </link:label>
<link:label id="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3DAC7029CA4B70EABDAE9AAF56EBB716_label_en-US" xlink:label="lab_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3DAC7029CA4B70EABDAE9AAF56EBB716" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments for (Proceeds from) Other Investing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsForProceedsFromOtherInvestingActivities" xlink:label="loc_us-gaap_PaymentsForProceedsFromOtherInvestingActivities_3DAC7029CA4B70EABDAE9AAF56EBB716" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by (used for) investing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Investing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC" xlink:to="lab_us-gaap_NetCashProvidedByUsedInInvestingActivities_11DC98424EB7D83EED9B9AAF56EBADCC" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE_terseLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash flows from financing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract_3C7DD0FCBD419F787D5E9AAF56EBABAE" xlink:type="arc"/>
<link:label id="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A_terseLabel_en-US" xlink:label="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net proceeds from (payments for): </link:label>
<link:label id="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A_label_en-US" xlink:label="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Proceeds from (Payments for) [Abstract] </link:label>
<link:label id="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A_documentation_en-US" xlink:label="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Net Proceeds from (Payments for) [Abstract] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NetProceedsfromPaymentsforAbstract" xlink:label="loc_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:to="lab_ms_NetProceedsfromPaymentsforAbstract_0DE89604B191B49C91E89AAF56ECE41A" xlink:type="arc"/>
<link:label id="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE_verboseLabel_en-US" xlink:label="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings </link:label>
<link:label id="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE_label_en-US" xlink:label="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from (Repayments of) Other Secured Financings </link:label>
<link:label id="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE_documentation_en-US" xlink:label="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The net cash inflow (outflow) associated with other secured financing. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProceedsFromRepaymentsOfOtherSecuredFinancings" xlink:label="loc_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:to="lab_ms_ProceedsFromRepaymentsOfOtherSecuredFinancings_EA4283C1DD49BEBE88909AAF56EC1BBE" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328_verboseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Deposits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInDeposits" xlink:label="loc_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328" xlink:to="lab_us-gaap_IncreaseDecreaseInDeposits_694DFC4167515CC213D79AAF56EC2328" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71_verboseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Proceeds from issuance of Borrowings </link:label>
<link:label id="lab_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71_label_en-US" xlink:label="lab_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from Issuance of Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromIssuanceOfDebt" xlink:label="loc_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71" xlink:to="lab_us-gaap_ProceedsFromIssuanceOfDebt_9AA75D151D2CA3A0B4D99AAF56ECBD71" xlink:type="arc"/>
<link:label id="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB_terseLabel_en-US" xlink:label="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Payments for: </link:label>
<link:label id="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB_label_en-US" xlink:label="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Payments For Financing Activities [Abstract] </link:label>
<link:label id="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB_documentation_en-US" xlink:label="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Net Payments for: [Abstract] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NetPaymentsForFinancingActivitiesAbstract" xlink:label="loc_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:to="lab_ms_NetPaymentsForFinancingActivitiesAbstract_153C6C2DE8166F1F75269AAF56EDD6BB" xlink:type="arc"/>
<link:label id="lab_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A_negatedLabel_en-US" xlink:label="lab_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A_label_en-US" xlink:label="lab_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Repayments of Debt </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="loc_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A" xlink:to="lab_us-gaap_RepaymentsOfDebt_0182D50CEDCDE0D32AA79AAF56ED978A" xlink:type="arc"/>
<link:label id="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571_negatedLabel_en-US" xlink:label="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Repurchases of common stock and employee tax withholdings </link:label>
<link:label id="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571_label_en-US" xlink:label="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments Related to Common Stock Repurchase and Tax Withholding for Share-based Compensation </link:label>
<link:label id="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571_documentation_en-US" xlink:label="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of cash outflow to reacquire common stock and satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation" xlink:label="loc_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:to="lab_ms_PaymentsRelatedToCommonStockRepurchaseAndTaxWithholdingForShareBasedCompensation_BE018A1B77CF775FAA979AAF56EDE571" xlink:type="arc"/>
<link:label id="lab_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F_negatedLabel_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Cash dividends </link:label>
<link:label id="lab_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F_label_en-US" xlink:label="lab_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Payments of Dividends </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PaymentsOfDividends" xlink:label="loc_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F" xlink:to="lab_us-gaap_PaymentsOfDividends_BA68817B36FD0EFAB6EE9AAF56ED889F" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA_terseLabel_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other financing activities </link:label>
<link:label id="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA_label_en-US" xlink:label="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proceeds from (Payments for) Other Financing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProceedsFromPaymentsForOtherFinancingActivities" xlink:label="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA" xlink:to="lab_us-gaap_ProceedsFromPaymentsForOtherFinancingActivities_07CAC1B60DB41840EB099AAF56EE71EA" xlink:type="arc"/>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95_totalLabel_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net cash provided by (used for) financing activities </link:label>
<link:label id="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95_label_en-US" xlink:label="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Cash Provided by (Used in) Financing Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95" xlink:to="lab_us-gaap_NetCashProvidedByUsedInFinancingActivities_2F2262C45DF3C1B0A52D9AAF56EE7B95" xlink:type="arc"/>
<link:label id="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08_terseLabel_en-US" xlink:label="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Effect of exchange rate changes on cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08_label_en-US" xlink:label="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08" xlink:to="lab_us-gaap_EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_EE6EBF9DF11383D1FEA09AAF56EE0B08" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69_totalLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net increase (decrease) in cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect_C51BD0B0935A07F02EEF9AAF56EE5F69" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851_periodStartLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents, at beginning of period </link:label>
<link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851_label_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_79CBA7D6AA28FD5E46409AAF56EE6851" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_D87708EC7B06DCC3A74B9AAF56EFB600_periodEndLabel_en-US" xlink:label="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_D87708EC7B06DCC3A74B9AAF56EFB600" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents, at end of period </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_D87708EC7B06DCC3A74B9AAF56EFB600" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_D87708EC7B06DCC3A74B9AAF56EFB600" xlink:to="lab_us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents_D87708EC7B06DCC3A74B9AAF56EFB600" xlink:type="arc"/>
<link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB_terseLabel_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Supplemental Disclosure of Cash Flow Information </link:label>
<link:label id="lab_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB_label_en-US" xlink:label="lab_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Supplemental Cash Flow Information [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="loc_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB" xlink:to="lab_us-gaap_SupplementalCashFlowInformationAbstract_317F3BFB8BE658834DFF9AAF56EFFDDB" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash payments for interest </link:label>
<link:label id="lab_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4_label_en-US" xlink:label="lab_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Paid, Excluding Capitalized Interest, Operating Activities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPaidNet" xlink:label="loc_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4" xlink:to="lab_us-gaap_InterestPaidNet_27B60DBDA10EE60C1B449AAF56EF62D4" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash payments for income taxes, net of refunds </link:label>
<link:label id="lab_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0_label_en-US" xlink:label="lab_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Taxes Paid, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxesPaidNet" xlink:label="loc_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0" xlink:to="lab_us-gaap_IncomeTaxesPaidNet_94BFFC3EB07EAE904A729AAF56EFF1B0" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonrecurring </link:label>
<link:label id="lab_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126_label_en-US" xlink:label="lab_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Nonrecurring [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="loc_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126" xlink:to="lab_us-gaap_FairValueMeasurementsNonrecurringMember_673E57660951A38FF7D3A6047BF9C126" xlink:type="arc"/>
<link:label id="lab_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:label id="lab_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318_label_en-US" xlink:label="lab_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsMember" xlink:label="loc_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318" xlink:to="lab_us-gaap_AssetsMember_AB70623EEB682F7EE95BA6047BFBF318" xlink:type="arc"/>
<link:label id="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB_verboseLabel_en-US" xlink:label="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB_label_en-US" xlink:label="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Lending commitment [Member] </link:label>
<link:label id="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB_documentation_en-US" xlink:label="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> It represents the notitonal amount of legally binding obligations to provide funding to clients for different types of loan transactions. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LendingCommitmentMember" xlink:label="loc_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:to="lab_ms_LendingCommitmentMember_997D0F1467EBA6BF65C0A6047BFBB3FB" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA_terseLabel_en-US" xlink:label="lab_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other assets—Other investments </link:label>
<link:label id="lab_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA_label_en-US" xlink:label="lab_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Investments [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherInvestmentsMember" xlink:label="loc_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA" xlink:to="lab_us-gaap_OtherInvestmentsMember_EF313A4FCC3F229E745AA6047BFBDEBA" xlink:type="arc"/>
<link:label id="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A_terseLabel_en-US" xlink:label="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other assets—Premises, equipment and software </link:label>
<link:label id="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A_label_en-US" xlink:label="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Property, Plant, and Equipment, and Capitalized Software Costs [Member] </link:label>
<link:label id="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A_documentation_en-US" xlink:label="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember" xlink:label="loc_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:to="lab_ms_PropertyPlantAndEquipmentAndCapitalizedSoftwareCostsMember_13540E98FEDBA85CF906A6047BFCBB2A" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities </link:label>
<link:label id="lab_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960_label_en-US" xlink:label="lab_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liability [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilityMember" xlink:label="loc_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960" xlink:to="lab_us-gaap_LiabilityMember_F93224D4CAA090EA7D65A6047BFC2960" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other liabilities and accrued expenses—Lending commitments </link:label>
<link:label id="lab_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791_label_en-US" xlink:label="lab_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Liabilities [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherLiabilitiesMember" xlink:label="loc_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791" xlink:to="lab_us-gaap_OtherLiabilitiesMember_A5A8C6A278EB5A5DDDCEA6047BFCA791" xlink:type="arc"/>
<link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Assets at fair value </link:label>
<link:label id="lab_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets, Fair Value Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosureAbstract" xlink:label="loc_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80" xlink:to="lab_us-gaap_AssetsFairValueDisclosureAbstract_CBBFD2E026708BF48DDCA6047BFC8C80" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_57105F3456FD07192FE1A6047BFDA839_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_57105F3456FD07192FE1A6047BFDA839" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_57105F3456FD07192FE1A6047BFDA839_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleFairValueDisclosure_57105F3456FD07192FE1A6047BFDA839" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Held-for-sale, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansHeldForSaleFairValueDisclosure" xlink:label="loc_us-gaap_LoansHeldForSaleFairValueDisclosure_57105F3456FD07192FE1A6047BFDA839" xlink:type="locator"/>
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<link:label id="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7_terseLabel_en-US" xlink:label="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other assets—Other investments </link:label>
<link:label id="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7_label_en-US" xlink:label="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Investments, Fair Value Disclosure </link:label>
<link:label id="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7_documentation_en-US" xlink:label="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value portion of investments classified as other. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherInvestmentsFairValueDisclosure" xlink:label="loc_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:to="lab_ms_OtherInvestmentsFairValueDisclosure_B512B7ED5244F11CB8ADA6047BFD23A7" xlink:type="arc"/>
<link:label id="lab_us-gaap_AssetsFairValueDisclosure_A302FF12A1EB525DDEA9A6047BFD4254_verboseLabel_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_A302FF12A1EB525DDEA9A6047BFD4254" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_AssetsFairValueDisclosure_A302FF12A1EB525DDEA9A6047BFD4254_label_en-US" xlink:label="lab_us-gaap_AssetsFairValueDisclosure_A302FF12A1EB525DDEA9A6047BFD4254" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Assets, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsFairValueDisclosure" xlink:label="loc_us-gaap_AssetsFairValueDisclosure_A302FF12A1EB525DDEA9A6047BFD4254" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B_verboseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Liabilities at fair value </link:label>
<link:label id="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B_label_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Liabilities, Fair Value Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosureAbstract" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B" xlink:to="lab_us-gaap_LiabilitiesFairValueDisclosureAbstract_15CFCF049D84290D1D9CA6047BFDFE6B" xlink:type="arc"/>
<link:label id="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900_terseLabel_en-US" xlink:label="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other liabilities and accrued expenses—Lending commitments </link:label>
<link:label id="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900_label_en-US" xlink:label="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Liabilities and accrued expenses, Fair Value Disclosure </link:label>
<link:label id="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900_documentation_en-US" xlink:label="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Fair value portion of other liabilities and accrued expenses </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure" xlink:label="loc_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:to="lab_ms_OtherLiabilitiesAndAccruedExpensesFairValueDisclosure_D6592C87A8E0BB956B35A6047BFE4900" xlink:type="arc"/>
<link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3_terseLabel_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3_label_en-US" xlink:label="lab_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial and Nonfinancial Liabilities, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LiabilitiesFairValueDisclosure" xlink:label="loc_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3" xlink:to="lab_us-gaap_LiabilitiesFairValueDisclosure_67F61A25EC65BFF11BC4A6047BFE49E3" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Adjustment Disclosure </link:label>
<link:label id="lab_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909_label_en-US" xlink:label="lab_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Adjustment Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAdjustmentDisclosureAbstract" xlink:label="loc_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909" xlink:to="lab_us-gaap_FairValueAdjustmentDisclosureAbstract_389E9C6AC8E9842E5003A6047BFE3909" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59_verboseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) from fair value remeasurements </link:label>
<link:label id="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59_label_en-US" xlink:label="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Option, Changes in Fair Value, Gain (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionChangesInFairValueGainLoss1" xlink:label="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59" xlink:to="lab_us-gaap_FairValueOptionChangesInFairValueGainLoss1_CECBF9CAA2B39027F4ABA6047BFEED59" xlink:type="arc"/>
<link:label id="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95_terseLabel_en-US" xlink:label="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Variable Interest Entities and Securitization Activities </link:label>
<link:label id="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95_label_en-US" xlink:label="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity Disclosures [Text Block] </link:label>
<link:label id="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95_documentation_en-US" xlink:label="lab_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Describes how the entity aggregates Variable Interest Entities (VIE) for disclosure purposes, distinguishing between (a) VIEs that are not consolidated because the enterprise is not the primary beneficiary but has a variable interest and (b) VIEs that are consolidated. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_VariableInterestEntityDisclosuresTextBlock" xlink:label="loc_ms_VariableInterestEntityDisclosuresTextBlock_E2A727CFB953048290BC9AAF54355D95" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_6B273EDB3CC8189DB3959AAF572EC2CB_label_en-US" xlink:label="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_6B273EDB3CC8189DB3959AAF572EC2CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Comprehensive Income [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_6B273EDB3CC8189DB3959AAF572EC2CB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_6B273EDB3CC8189DB3959AAF572EC2CB" xlink:to="lab_us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract_6B273EDB3CC8189DB3959AAF572EC2CB" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_99C3D0247236C3E201A49AAF572EC8C3_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_99C3D0247236C3E201A49AAF572EC8C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other comprehensive income (loss), net of tax: </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_99C3D0247236C3E201A49AAF572EC8C3_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_99C3D0247236C3E201A49AAF572EC8C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Net of Tax [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract_99C3D0247236C3E201A49AAF572EC8C3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_EA0C5A2D1C7DFA09D2599AAF572F0A10_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_EA0C5A2D1C7DFA09D2599AAF572F0A10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Foreign currency translation adjustments </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_EA0C5A2D1C7DFA09D2599AAF572F0A10_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_EA0C5A2D1C7DFA09D2599AAF572F0A10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax_EA0C5A2D1C7DFA09D2599AAF572F0A10" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_87FDB99B4AD1E9762C429AAF572F171F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_87FDB99B4AD1E9762C429AAF572F171F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in net unrealized gains (losses) on available-for-sale securities </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_87FDB99B4AD1E9762C429AAF572F171F_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_87FDB99B4AD1E9762C429AAF572F171F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax_87FDB99B4AD1E9762C429AAF572F171F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_A760DE14D6D044357F849AAF572F404E_negatedLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_A760DE14D6D044357F849AAF572F404E" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Pension, postretirement and other </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_A760DE14D6D044357F849AAF572F404E_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_A760DE14D6D044357F849AAF572F404E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax_A760DE14D6D044357F849AAF572F404E" xlink:type="locator"/>
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<link:label id="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E_terseLabel_en-US" xlink:label="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in net debt valuation adjustment </link:label>
<link:label id="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E_label_en-US" xlink:label="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive (Income) Loss, Debt Valuation Adjustment, Net of Tax </link:label>
<link:label id="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E_documentation_en-US" xlink:label="lab_ms_OtherComprehensiveIncomeLossDebtValuationAdjustmentNetOfTax_3E98F664BACDFAD421AA9AAF572F635E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount after tax and reclassification adjustments, of debt valuation adjustment related to outstanding liabilities under the fair value option election. </link:label>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1C570F7F47B04FF4F6C89AAF57304A19_totalLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1C570F7F47B04FF4F6C89AAF57304A19" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total other comprehensive income (loss) </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1C570F7F47B04FF4F6C89AAF57304A19_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_1C570F7F47B04FF4F6C89AAF57304A19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Net of Tax </link:label>
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<link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_53A63F9BEE1D11A6B9679AAF57304932_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_53A63F9BEE1D11A6B9679AAF57304932" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_53A63F9BEE1D11A6B9679AAF57304932" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_2725793B116EC1230CAC9AAF5730884E_verboseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_2725793B116EC1230CAC9AAF5730884E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Net income applicable to noncontrolling interests </link:label>
<link:label id="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_2725793B116EC1230CAC9AAF5730884E_label_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_2725793B116EC1230CAC9AAF5730884E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Income (Loss) Attributable to Nonredeemable Noncontrolling Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_2725793B116EC1230CAC9AAF5730884E" xlink:type="locator"/>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest_17B007C2D0B3A1AA6A279AAF57301D1D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_25E06A803C973384DDFE9AAF5730FC55_totalLabel_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_25E06A803C973384DDFE9AAF5730FC55" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Comprehensive income applicable to Morgan Stanley </link:label>
<link:label id="lab_us-gaap_ComprehensiveIncomeNetOfTax_25E06A803C973384DDFE9AAF5730FC55_label_en-US" xlink:label="lab_us-gaap_ComprehensiveIncomeNetOfTax_25E06A803C973384DDFE9AAF5730FC55" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Comprehensive Income (Loss), Net of Tax, Attributable to Parent </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="loc_us-gaap_ComprehensiveIncomeNetOfTax_25E06A803C973384DDFE9AAF5730FC55" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_4F84F8E2E1EDC842A7C59AAF5509423A_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_4F84F8E2E1EDC842A7C59AAF5509423A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading assets </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_4F84F8E2E1EDC842A7C59AAF5509423A_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_4F84F8E2E1EDC842A7C59AAF5509423A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments Owned and Pledged as Collateral, Amount Not Eligible to be Repledged by Counterparty </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty" xlink:label="loc_us-gaap_FinancialInstrumentsOwnedAndPledgedAsCollateralAmountNotEligibleToBeRepledgedByCounterparty_4F84F8E2E1EDC842A7C59AAF5509423A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral_FC55C7F3E5774F9525239AAF550922F1_terseLabel_en-US" xlink:label="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral_FC55C7F3E5774F9525239AAF550922F1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans, before ACL </link:label>
<link:label id="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral_FC55C7F3E5774F9525239AAF550922F1_label_en-US" xlink:label="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral_FC55C7F3E5774F9525239AAF550922F1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pledged Financial Instruments, Not Separately Reported, Loans Receivable Pledged as Collateral </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral" xlink:label="loc_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedLoansReceivablePledgedAsCollateral_FC55C7F3E5774F9525239AAF550922F1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged_F6EE01C63F0FD2FDDD619AAF55092CF9_totalLabel_en-US" xlink:label="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged_F6EE01C63F0FD2FDDD619AAF55092CF9" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged_F6EE01C63F0FD2FDDD619AAF55092CF9_label_en-US" xlink:label="lab_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged_F6EE01C63F0FD2FDDD619AAF55092CF9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pledged Financial Instruments, Not Separately Reported, Securities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged" xlink:label="loc_us-gaap_PledgedFinancialInstrumentsNotSeparatelyReportedSecuritiesPledged_F6EE01C63F0FD2FDDD619AAF55092CF9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfCreditDerivativesTable_57833B29F9400E4413999AAF559706B4_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfCreditDerivativesTable_57833B29F9400E4413999AAF559706B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Credit Derivatives [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfCreditDerivativesTable_57833B29F9400E4413999AAF559706B4_label_en-US" xlink:label="lab_us-gaap_ScheduleOfCreditDerivativesTable_57833B29F9400E4413999AAF559706B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Credit Derivatives [Table] </link:label>
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<link:label id="lab_ms_CreditDerivativesProtectionAxis_95A836F10F536E32E8E79AAF5598C834_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativesProtectionAxis_95A836F10F536E32E8E79AAF5598C834" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives, Protection [Axis] </link:label>
<link:label id="lab_ms_CreditDerivativesProtectionAxis_95A836F10F536E32E8E79AAF5598C834_label_en-US" xlink:label="lab_ms_CreditDerivativesProtectionAxis_95A836F10F536E32E8E79AAF5598C834" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives, Protection [Axis] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativesProtectionAxis" xlink:label="loc_ms_CreditDerivativesProtectionAxis_95A836F10F536E32E8E79AAF5598C834" xlink:type="locator"/>
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<link:label id="lab_ms_CreditDerivativesProtectionDomain_B910FA0B99E9EBF77BFD9AAF55988C70_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativesProtectionDomain_B910FA0B99E9EBF77BFD9AAF55988C70" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives, Protection [Domain] </link:label>
<link:label id="lab_ms_CreditDerivativesProtectionDomain_B910FA0B99E9EBF77BFD9AAF55988C70_label_en-US" xlink:label="lab_ms_CreditDerivativesProtectionDomain_B910FA0B99E9EBF77BFD9AAF55988C70" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives, Protection [Domain] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativesProtectionDomain" xlink:label="loc_ms_CreditDerivativesProtectionDomain_B910FA0B99E9EBF77BFD9AAF55988C70" xlink:type="locator"/>
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<link:label id="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Protection Sold </link:label>
<link:label id="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC_label_en-US" xlink:label="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives, Selling Protection [Member] </link:label>
<link:label id="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC_documentation_en-US" xlink:label="lab_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A credit derivative in which one party makes periodic payments to the other and receives the promise of a pay-off if a third party defaults. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativesSellingProtectionMember" xlink:label="loc_ms_CreditDerivativesSellingProtectionMember_9C3414E8B3F5773909959AAF559815FC" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CreditDerivativesByContractTypeAxis_6DADB26C2A929441C1C09AAF55999A77_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDerivativesByContractTypeAxis_6DADB26C2A929441C1C09AAF55999A77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives Contract Type [Axis] </link:label>
<link:label id="lab_us-gaap_CreditDerivativesByContractTypeAxis_6DADB26C2A929441C1C09AAF55999A77_label_en-US" xlink:label="lab_us-gaap_CreditDerivativesByContractTypeAxis_6DADB26C2A929441C1C09AAF55999A77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives Contract Type [Axis] </link:label>
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<link:label id="lab_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives Contract Type [Domain] </link:label>
<link:label id="lab_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08_label_en-US" xlink:label="lab_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives Contract Type [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDerivativesContractTypeDomain" xlink:label="loc_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08" xlink:to="lab_us-gaap_CreditDerivativesContractTypeDomain_33958997AED21B794D5A9AAF55997D08" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CDS </link:label>
<link:label id="lab_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D_label_en-US" xlink:label="lab_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Default Swap [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDefaultSwapMember" xlink:label="loc_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D" xlink:to="lab_us-gaap_CreditDefaultSwapMember_639084E28ABCAA2B28759AAF5599DF2D" xlink:type="arc"/>
<link:label id="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529_terseLabel_en-US" xlink:label="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Single-name CDS </link:label>
<link:label id="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529_label_en-US" xlink:label="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Single Name Credit Default Swap [Member] </link:label>
<link:label id="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529_documentation_en-US" xlink:label="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_SingleNameCreditDefaultSwapMember" xlink:label="loc_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:to="lab_ms_SingleNameCreditDefaultSwapMember_4F98EC6EE1B801C1E1F29AAF559A6529" xlink:type="arc"/>
<link:label id="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E_terseLabel_en-US" xlink:label="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Index and basket CDS </link:label>
<link:label id="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E_label_en-US" xlink:label="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Total Index and Basket Credit Default Swaps [Member] </link:label>
<link:label id="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E_documentation_en-US" xlink:label="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_TotalIndexAndBasketCreditDefaultSwapsMember" xlink:label="loc_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:to="lab_ms_TotalIndexAndBasketCreditDefaultSwapsMember_47FC1A2D1D5AAE07CF369AAF559A146E" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694_terseLabel_en-US" xlink:label="lab_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other credit contracts </link:label>
<link:label id="lab_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694_label_en-US" xlink:label="lab_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Credit Derivatives [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherCreditDerivativesMember" xlink:label="loc_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694" xlink:to="lab_us-gaap_OtherCreditDerivativesMember_0A1388C558E20276B10C9AAF559A4694" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92_terseLabel_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Axis] </link:label>
<link:label id="lab_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92_label_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalCreditAssessmentAxis" xlink:label="loc_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92" xlink:to="lab_us-gaap_InternalCreditAssessmentAxis_0FF6B9C87C3CBCFF46F19AAF559A6D92" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121_terseLabel_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Domain] </link:label>
<link:label id="lab_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121_label_en-US" xlink:label="lab_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Credit Assessment [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalCreditAssessmentDomain" xlink:label="loc_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121" xlink:to="lab_us-gaap_InternalCreditAssessmentDomain_CABE8759F8C77477B3589AAF559AC121" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1_terseLabel_en-US" xlink:label="lab_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment grade </link:label>
<link:label id="lab_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1_label_en-US" xlink:label="lab_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Investment Grade [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalInvestmentGradeMember" xlink:label="loc_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1" xlink:to="lab_us-gaap_InternalInvestmentGradeMember_DC8154F56B31CFB35F1B9AAF559BC6D1" xlink:type="arc"/>
<link:label id="lab_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0_terseLabel_en-US" xlink:label="lab_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-investment grade </link:label>
<link:label id="lab_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0_label_en-US" xlink:label="lab_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Internal Noninvestment Grade [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InternalNoninvestmentGradeMember" xlink:label="loc_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0" xlink:to="lab_us-gaap_InternalNoninvestmentGradeMember_A1730D1FD637E4E75DAB9AAF559BB9B0" xlink:type="arc"/>
<link:label id="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Axis] </link:label>
<link:label id="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636_label_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Axis] </link:label>
<link:label id="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636_documentation_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Axis] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativesByMaturityAxis" xlink:label="loc_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:to="lab_ms_CreditDerivativesByMaturityAxis_5053F7E070CFD96278A09AAF559B3636" xlink:type="arc"/>
<link:label id="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Domain] </link:label>
<link:label id="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C_label_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Domain] </link:label>
<link:label id="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C_documentation_en-US" xlink:label="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Derivatives by Maturity [Domain] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativesByMaturityDomain" xlink:label="loc_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:to="lab_ms_CreditDerivativesByMaturityDomain_0D83F4A56B6758516CF79AAF559CB46C" xlink:type="arc"/>
<link:label id="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C_terseLabel_en-US" xlink:label="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less Than 1 (Year) </link:label>
<link:label id="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C_label_en-US" xlink:label="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Less than Twelve Months from Balance Sheet Date [Member] </link:label>
<link:label id="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C_documentation_en-US" xlink:label="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_LessThanTwelveMonthsFromBalanceSheetDateMember" xlink:label="loc_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:to="lab_ms_LessThanTwelveMonthsFromBalanceSheetDateMember_51C439D5D590FC4B08059AAF559CF53C" xlink:type="arc"/>
<link:label id="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2_terseLabel_en-US" xlink:label="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 1 - 3 (Years) </link:label>
<link:label id="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2_label_en-US" xlink:label="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> More than One and within Three Years from Balance Sheet Date [Member] </link:label>
<link:label id="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2_documentation_en-US" xlink:label="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> More than One and within Three Years from Balance Sheet Date [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember" xlink:label="loc_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:to="lab_ms_MoreThanOneAndWithinThreeYearsFromBalanceSheetDateMember_90792DBE721ACC66B9959AAF559C35D2" xlink:type="arc"/>
<link:label id="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD_terseLabel_en-US" xlink:label="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 3 - 5 (Years) </link:label>
<link:label id="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD_label_en-US" xlink:label="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> More than Three and within Five Years from Balance Sheet Date [Member] </link:label>
<link:label id="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD_documentation_en-US" xlink:label="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> More than Three and within Five Years from Balance Sheet Date [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember" xlink:label="loc_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:to="lab_ms_MoreThanThreeAndWithinFiveYearsFromBalanceSheetDateMember_76B2C0929F23B17BBAC29AAF559CCAAD" xlink:type="arc"/>
<link:label id="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF_terseLabel_en-US" xlink:label="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Over 5 (Years) </link:label>
<link:label id="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF_label_en-US" xlink:label="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> More than Five Years from Balance Sheet Date [Member] </link:label>
<link:label id="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF_documentation_en-US" xlink:label="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MoreThanFiveYearsFromBalanceSheetDateMember" xlink:label="loc_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:to="lab_ms_MoreThanFiveYearsFromBalanceSheetDateMember_EF3F5137C5BCF49556F19AAF559C7BBF" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577_terseLabel_en-US" xlink:label="lab_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Derivatives </link:label>
<link:label id="lab_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577_label_en-US" xlink:label="lab_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivatives [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditDerivativesLineItems" xlink:label="loc_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577" xlink:to="lab_us-gaap_CreditDerivativesLineItems_1C7CDED13EA653AEBC869AAF559D9577" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Maximum potential payout/notional </link:label>
<link:label id="lab_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C_label_en-US" xlink:label="lab_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Notional Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNotionalAmount" xlink:label="loc_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C" xlink:to="lab_us-gaap_DerivativeNotionalAmount_CF8E90E27D4D1D79A86A9AAF559DF07C" xlink:type="arc"/>
<link:label id="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4_terseLabel_en-US" xlink:label="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CDS protection sold with identical protection purchased </link:label>
<link:label id="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4_label_en-US" xlink:label="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Derivative, Purchased Credit Protection, Notional Amount </link:label>
<link:label id="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4_documentation_en-US" xlink:label="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Notional amount of purchased credit protection expected to cover future payments under the credit risk derivative. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditDerivativePurchasedCreditProtectionNotionalAmount" xlink:label="loc_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:to="lab_ms_CreditDerivativePurchasedCreditProtectionNotionalAmount_7EE0AE63FA0AB426A8A49AAF559DD7E4" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract_034E52F9D94D8CF44D129AAF54B75FE8_label_en-US" xlink:label="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract_034E52F9D94D8CF44D129AAF54B75FE8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract" xlink:label="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract_034E52F9D94D8CF44D129AAF54B75FE8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract_034E52F9D94D8CF44D129AAF54B75FE8" xlink:to="lab_us-gaap_AccountsNotesLoansAndFinancingReceivableGrossAllowanceAndNetAbstract_034E52F9D94D8CF44D129AAF54B75FE8" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable" xlink:label="loc_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D" xlink:to="lab_us-gaap_ScheduleOfFinancingReceivableAllowanceForCreditLossesTable_63A792B7A645C01FE8999AAF54B77F7D" xlink:type="arc"/>
<link:label id="lab_ms_SecuritiesBasedLendingandOtherLoansMember_A7806E8351BAC131C9319AAF54B9FAC2_netLabel_en-US" xlink:label="lab_ms_SecuritiesBasedLendingandOtherLoansMember_A7806E8351BAC131C9319AAF54B9FAC2" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US"> SBL and Other </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritiesBasedLendingandOtherLoansMember" xlink:label="loc_ms_SecuritiesBasedLendingandOtherLoansMember_A7806E8351BAC131C9319AAF54B9FAC2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritiesBasedLendingandOtherLoansMember_A7806E8351BAC131C9319AAF54B9FAC2" xlink:to="lab_ms_SecuritiesBasedLendingandOtherLoansMember_A7806E8351BAC131C9319AAF54B9FAC2" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financing Receivable and Allowance for Credit Losses </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesLineItems_E7C5B22C9CCD6B9E1F639AAF54BA0E34" xlink:type="arc"/>
<link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B_terseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for loan losses rollforward </link:label>
<link:label id="lab_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B_label_en-US" xlink:label="lab_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Allowance for Loan and Lease Losses [Roll Forward] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AllowanceForLoanAndLeaseLossesRollForward" xlink:label="loc_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B" xlink:to="lab_us-gaap_AllowanceForLoanAndLeaseLossesRollForward_3F0AA7BBEA06311099AD9AAF54BAD77B" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328_periodStartLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Beginning balance </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_3531411B96FEDB9FD40B9AAF54BA3328" xlink:type="arc"/>
<link:label id="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07_terseLabel_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Effect of CECL adoption </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07_label_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss, Effect of Accounting Update Adoption </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07_documentation_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss, Effect of Accounting Update Adoption </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption" xlink:label="loc_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:to="lab_ms_FinancingReceivableAllowanceforCreditLossEffectofAccountingUpdateAdoption_8705B1719557A0328FCB9AAF54BAEB07" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5_negatedLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Gross charge-offs </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss, Writeoff </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesWriteOffs_4B22D07337856E5B16589AAF54BB94A5" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recovery </link:label>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss, Recovery </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery_0D68AC6CE885563C5C269AAF54BB475C" xlink:type="arc"/>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430_negatedTotalLabel_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US"> Net (charge-offs) recoveries </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430_label_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Losses, Write-downs, Net of Recoveries </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430_documentation_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount, after recoveries, of financing receivables that have been written-off. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries" xlink:label="loc_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:to="lab_ms_FinancingReceivableAllowanceForCreditLossesWriteDownsNetOfRecoveries_51ADA1193F88A23A44889AAF54BBA430" xlink:type="arc"/>
<link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8_terseLabel_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision (release) </link:label>
<link:label id="lab_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8_label_en-US" xlink:label="lab_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for Loan and Lease Losses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ProvisionForLoanAndLeaseLosses" xlink:label="loc_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8" xlink:to="lab_us-gaap_ProvisionForLoanAndLeaseLosses_A6B58023EFC4196AA4509AAF54BB5BC8" xlink:type="arc"/>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A_negatedTerseLabel_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A_label_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Losses, Other </link:label>
<link:label id="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A_documentation_en-US" xlink:label="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of other addition (reduction) in allowance reserve for credit loss. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancingReceivableAllowanceForCreditLossesOther" xlink:label="loc_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:to="lab_ms_FinancingReceivableAllowanceForCreditLossesOther_8D2479CE1D2C1E32ADF59AAF54BBDE9A" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_D03FA1E3DFF6B1C020CE9AAF54BC7090_periodEndLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_D03FA1E3DFF6B1C020CE9AAF54BC7090" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Ending balance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_D03FA1E3DFF6B1C020CE9AAF54BC7090" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_D03FA1E3DFF6B1C020CE9AAF54BC7090" xlink:to="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_D03FA1E3DFF6B1C020CE9AAF54BC7090" xlink:type="arc"/>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C_terseLabel_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for lending commitments rollforward </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C_label_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Off-balance-sheet Loan Commitments, Allowance for Credit Exposures [Roll Forward] </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C_documentation_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward" xlink:label="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:to="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresRollForward_D4EF96FD17AB852CAF579AAF54BC057C" xlink:type="arc"/>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4_periodStartLabel_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US"> Beginning balance </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4_label_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Off-balance-sheet Loan Commitments, Allowance for Credit Exposures </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4_documentation_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A valuation allowance for credit exposures related to off-balance-sheet loan commitments. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures" xlink:label="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:to="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_5EB0FCD3CF897333038E9AAF54BCEFB4" xlink:type="arc"/>
<link:label id="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E_terseLabel_en-US" xlink:label="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Effect of CECL adoption </link:label>
<link:label id="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E_label_en-US" xlink:label="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Off-balance-sheet Loan Commitments, Allowance for Credit Exposures, Effect of Accounting Update Adoption </link:label>
<link:label id="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E_documentation_en-US" xlink:label="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Off-balance-sheet Loan Commitments, Allowance for Credit Exposures, Effect of Accounting Update Adoption </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption" xlink:label="loc_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:to="lab_ms_OffbalancesheetLoanCommitmentsAllowanceforCreditExposuresEffectofAccountingUpdateAdoption_F559F76AF526417BEA959AAF54BCD81E" xlink:type="arc"/>
<link:label id="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6_terseLabel_en-US" xlink:label="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Provision (release) </link:label>
<link:label id="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6_label_en-US" xlink:label="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Provision for (Release of) Lending Commitments </link:label>
<link:label id="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6_documentation_en-US" xlink:label="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Provision for (Release of) Lending Commitments </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProvisionforReleaseofLendingCommitments" xlink:label="loc_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:to="lab_ms_ProvisionforReleaseofLendingCommitments_27DC615DC5524987E19A9AAF54BC5FC6" xlink:type="arc"/>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0_negatedTerseLabel_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0_label_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Off-balance-sheet Loan Commitments, Allowance for Credit Exposures, Other Increase (Decrease) </link:label>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0_documentation_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other increase (decrease) in the allowance for credit exposures on off-balance-sheet loan commitments. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease" xlink:label="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:to="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposuresOtherIncreaseDecrease_7EF611493A5E9F496D4F9AAF54BDD6D0" xlink:type="arc"/>
<link:label id="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_105ABF50F3722B3090A39AAF54BDB3D4_periodEndLabel_en-US" xlink:label="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_105ABF50F3722B3090A39AAF54BDB3D4" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US"> Ending balance </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures" xlink:label="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_105ABF50F3722B3090A39AAF54BDB3D4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_105ABF50F3722B3090A39AAF54BDB3D4" xlink:to="lab_ms_OffBalanceSheetLoanCommitmentsAllowanceForCreditExposures_105ABF50F3722B3090A39AAF54BDB3D4" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestIncomeExpenseNetAbstract_C584BF23E5BB96DF5E8F9AAF52AD445D_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNetAbstract_C584BF23E5BB96DF5E8F9AAF52AD445D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense), Net [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeExpenseNetAbstract" xlink:label="loc_us-gaap_InterestIncomeExpenseNetAbstract_C584BF23E5BB96DF5E8F9AAF52AD445D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:label id="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4_label_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Dividend Income, Operating [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDividendIncomeOperatingAbstract" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4" xlink:to="lab_us-gaap_InterestAndDividendIncomeOperatingAbstract_DC1ACAD6D9BC0C8767069AAF52AD80B4" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment securities </link:label>
<link:label id="lab_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income, Operating </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeOperating" xlink:label="loc_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC" xlink:to="lab_us-gaap_InterestIncomeOperating_07C8D708213AE18CE43C9AAF52ADE9BC" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:label id="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7_label_en-US" xlink:label="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Fee Income, Loans and Leases </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndFeeIncomeLoansAndLeases" xlink:label="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7" xlink:to="lab_us-gaap_InterestAndFeeIncomeLoansAndLeases_41AF7C359AA03C04A5129AAF52AE66B7" xlink:type="arc"/>
<link:label id="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D_terseLabel_en-US" xlink:label="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities purchased under agreements to resell and Securities borrowed </link:label>
<link:label id="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D_label_en-US" xlink:label="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income, Securities Purchased under Agreements to Resell and Securities Borrowed </link:label>
<link:label id="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D_documentation_en-US" xlink:label="lab_ms_InterestIncomeSecuritiesPurchasedUnderAgreementsToResellAndSecuritiesBorrowed_77F55424E90095ECB46A9AAF52AE2D9D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest income derived from securities purchased under agreements to resell. The difference in the price at which the institution buys the securities and resells the securities represents interest for the use of the funds by the other party. Most repurchase and sale agreements involve obligations of the federal government or its agencies, but other financial instruments, such as commercial paper, banker's acceptances and negotiable certificates of deposits are sometimes used in such transactions including fees paid on securities borrowed. </link:label>
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<link:label id="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D_terseLabel_en-US" xlink:label="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading assets, net of Trading liabilities </link:label>
<link:label id="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D_label_en-US" xlink:label="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income, Trading Assets Net of Trading Liabilities </link:label>
<link:label id="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D_documentation_en-US" xlink:label="lab_ms_InterestIncomeTradingAssetsNetOfTradingLiabilities_05CC23C9DC720446D34D9AAF52AE6D1D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest income earned on instruments and other positions owned by the entity that are for trading purposes, offset by interest expense incurred on trading liabilities. </link:label>
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<link:label id="lab_us-gaap_InterestIncomeOther_58E93E77515B6D5220BE9AAF52AE6508_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeOther_58E93E77515B6D5220BE9AAF52AE6508" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer receivables and Other </link:label>
<link:label id="lab_us-gaap_InterestIncomeOther_58E93E77515B6D5220BE9AAF52AE6508_label_en-US" xlink:label="lab_us-gaap_InterestIncomeOther_58E93E77515B6D5220BE9AAF52AE6508" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income, Other </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeOther" xlink:label="loc_us-gaap_InterestIncomeOther_58E93E77515B6D5220BE9AAF52AE6508" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_76CED1D0CD5AC3C03FE79AAF52AFC144_totalLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating_76CED1D0CD5AC3C03FE79AAF52AFC144" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total interest income </link:label>
<link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_76CED1D0CD5AC3C03FE79AAF52AFC144_label_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating_76CED1D0CD5AC3C03FE79AAF52AFC144" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest and Dividend Income, Operating </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_76CED1D0CD5AC3C03FE79AAF52AFC144" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpenseAbstract_1C5CCA159ECBE19E7AC29AAF52AFDCA1_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract_1C5CCA159ECBE19E7AC29AAF52AFDCA1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpenseAbstract_1C5CCA159ECBE19E7AC29AAF52AFDCA1_label_en-US" xlink:label="lab_us-gaap_InterestExpenseAbstract_1C5CCA159ECBE19E7AC29AAF52AFDCA1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseAbstract" xlink:label="loc_us-gaap_InterestExpenseAbstract_1C5CCA159ECBE19E7AC29AAF52AFDCA1" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpenseDeposits_7C6AA0858914C94FBAA59AAF52AFFF95_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseDeposits_7C6AA0858914C94FBAA59AAF52AFFF95" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
<link:label id="lab_us-gaap_InterestExpenseDeposits_7C6AA0858914C94FBAA59AAF52AFFF95_label_en-US" xlink:label="lab_us-gaap_InterestExpenseDeposits_7C6AA0858914C94FBAA59AAF52AFFF95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Deposits </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseDeposits" xlink:label="loc_us-gaap_InterestExpenseDeposits_7C6AA0858914C94FBAA59AAF52AFFF95" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpenseBorrowings_2D86C5A2692424ABD8CE9AAF52AFE32B_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseBorrowings_2D86C5A2692424ABD8CE9AAF52AFE32B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_us-gaap_InterestExpenseBorrowings_2D86C5A2692424ABD8CE9AAF52AFE32B_label_en-US" xlink:label="lab_us-gaap_InterestExpenseBorrowings_2D86C5A2692424ABD8CE9AAF52AFE32B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Borrowings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpenseBorrowings" xlink:label="loc_us-gaap_InterestExpenseBorrowings_2D86C5A2692424ABD8CE9AAF52AFE32B" xlink:type="locator"/>
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<link:label id="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10_terseLabel_en-US" xlink:label="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreements to repurchase and Securities loaned </link:label>
<link:label id="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10_label_en-US" xlink:label="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Securities Sold under Agreements to Repurchase and Securities Loaned </link:label>
<link:label id="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10_documentation_en-US" xlink:label="lab_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Interest expense on securities sold coupled with an agreement to repurchase the same from the same counterparty at a fixed or determinable price within a fixed or variable time period, and interest expense from securities loaned. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned" xlink:label="loc_ms_InterestExpenseSecuritiesSoldUnderAgreementsToRepurchaseAndSecuritiesLoaned_81125B034DCBBC59A53A9AAF52B0ED10" xlink:type="locator"/>
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<link:label id="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D_terseLabel_en-US" xlink:label="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer payables and Other </link:label>
<link:label id="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D_label_en-US" xlink:label="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense, Customer Payables and Other </link:label>
<link:label id="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D_documentation_en-US" xlink:label="lab_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The interest expense recognized during the period on customer payables and fees received from prime brokerage customers for stock loan transactions incurred to cover customers' short positions. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InterestExpenseCustomerPayablesAndOther" xlink:label="loc_ms_InterestExpenseCustomerPayablesAndOther_9C06423423848503883C9AAF52B0AE1D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpense_D3E1667FAC2608D9A2F09AAF52B08391_totalLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_D3E1667FAC2608D9A2F09AAF52B08391" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpense_D3E1667FAC2608D9A2F09AAF52B08391_label_en-US" xlink:label="lab_us-gaap_InterestExpense_D3E1667FAC2608D9A2F09AAF52B08391" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_D3E1667FAC2608D9A2F09AAF52B08391" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestIncomeExpenseNet_DC5FE34525DD06161F389AAF52B0AB7E_totalLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_DC5FE34525DD06161F389AAF52B0AB7E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net interest </link:label>
<link:label id="lab_us-gaap_InterestIncomeExpenseNet_DC5FE34525DD06161F389AAF52B0AB7E_label_en-US" xlink:label="lab_us-gaap_InterestIncomeExpenseNet_DC5FE34525DD06161F389AAF52B0AB7E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income (Expense), Net </link:label>
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<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_8E0ADFE7FA13F4A4A37F9AAF54C987F9_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_8E0ADFE7FA13F4A4A37F9AAF54C987F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_8E0ADFE7FA13F4A4A37F9AAF54C987F9_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTable_8E0ADFE7FA13F4A4A37F9AAF54C987F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_51EC55E41CEB528AD6859AAF54C91A5E_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueAxis_51EC55E41CEB528AD6859AAF54C91A5E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Asset, Period Past Due [Axis] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_46F8A7E3D90ED2BA24129AAF54C9F970_label_en-US" xlink:label="lab_us-gaap_FinancingReceivablesPeriodPastDueDomain_46F8A7E3D90ED2BA24129AAF54C9F970" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, Period Past Due [Domain] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_2871454BFF6039C47E789AAF54CA7A07_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_2871454BFF6039C47E789AAF54CA7A07" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Current </link:label>
<link:label id="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_2871454BFF6039C47E789AAF54CA7A07_label_en-US" xlink:label="lab_us-gaap_FinancingReceivables1To29DaysPastDueMember_2871454BFF6039C47E789AAF54CA7A07" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, 1 to 29 Days Past Due [Member] </link:label>
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<link:label id="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12_terseLabel_en-US" xlink:label="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Past due </link:label>
<link:label id="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12_label_en-US" xlink:label="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, Past Due Minus Current [Member] </link:label>
<link:label id="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12_documentation_en-US" xlink:label="lab_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Asset, Past Due Minus Current [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancialAssetPastDueMinusCurrentMember" xlink:label="loc_ms_FinancialAssetPastDueMinusCurrentMember_B7C5609EF36CE56BCB959AAF54CAAB12" xlink:type="locator"/>
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<link:label id="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4_terseLabel_en-US" xlink:label="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4_label_en-US" xlink:label="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Asset, Past Due [Member] </link:label>
<link:label id="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4_documentation_en-US" xlink:label="lab_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Financial Asset, Past Due [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancialAssetPastDueMember" xlink:label="loc_ms_FinancialAssetPastDueMember_44E298380D09617906629AAF54CAE9E4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_56630EAC6FA76CFE64CB9AAF54CC019A_terseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_56630EAC6FA76CFE64CB9AAF54CC019A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounts, Notes, Loans and Financing Receivable [Line Items] </link:label>
<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_56630EAC6FA76CFE64CB9AAF54CC019A_label_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_56630EAC6FA76CFE64CB9AAF54CC019A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounts, Notes, Loans and Financing Receivable [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_56630EAC6FA76CFE64CB9AAF54CC019A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NotesReceivableGross_E9467C0493AA9770FFCF9AAF54CCF77E_verboseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableGross_E9467C0493AA9770FFCF9AAF54CCF77E" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loans held for investment, gross </link:label>
<link:label id="lab_us-gaap_NotesReceivableGross_E9467C0493AA9770FFCF9AAF54CCF77E_label_en-US" xlink:label="lab_us-gaap_NotesReceivableGross_E9467C0493AA9770FFCF9AAF54CCF77E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, before Allowance for Credit Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="loc_us-gaap_NotesReceivableGross_E9467C0493AA9770FFCF9AAF54CCF77E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_030069041B6F1B8375F39AAF537419D2_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_030069041B6F1B8375F39AAF537419D2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_030069041B6F1B8375F39AAF537419D2_label_en-US" xlink:label="lab_us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_030069041B6F1B8375F39AAF537419D2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable" xlink:label="loc_us-gaap_ScheduleOfComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsTable_030069041B6F1B8375F39AAF537419D2" xlink:type="locator"/>
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<link:label id="lab_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875_terseLabel_en-US" xlink:label="lab_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Legal Entity [Axis] </link:label>
<link:label id="lab_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875_label_en-US" xlink:label="lab_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Legal Entity [Axis] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_LegalEntityAxis" xlink:label="loc_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875" xlink:to="lab_dei_LegalEntityAxis_F80F61E37527E78135399AAF53744875" xlink:type="arc"/>
<link:label id="lab_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C_terseLabel_en-US" xlink:label="lab_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Entity [Domain] </link:label>
<link:label id="lab_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C_label_en-US" xlink:label="lab_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Entity [Domain] </link:label>
<link:loc xlink:href="https://xbrl.sec.gov/dei/2019/dei-2019-01-31.xsd#dei_EntityDomain" xlink:label="loc_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C" xlink:to="lab_dei_EntityDomain_BA387D0A1D5538058B299AAF5375452C" xlink:type="arc"/>
<link:label id="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572_terseLabel_en-US" xlink:label="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MSBNA </link:label>
<link:label id="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572_label_en-US" xlink:label="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Bank, National Association [Member] </link:label>
<link:label id="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572_documentation_en-US" xlink:label="lab_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Bank, National Association </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MorganStanleyBankNationalAssociationMember" xlink:label="loc_ms_MorganStanleyBankNationalAssociationMember_EA14B9F4D0D9E00E566F9AAF53759572" xlink:type="locator"/>
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<link:label id="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0_terseLabel_en-US" xlink:label="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MSPBNA </link:label>
<link:label id="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0_label_en-US" xlink:label="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Private Bank, National Association [Member] </link:label>
<link:label id="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0_documentation_en-US" xlink:label="lab_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Morgan Stanley Private Bank, National Association </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MorganStanleyPrivateBankNationalAssociationMember" xlink:label="loc_ms_MorganStanleyPrivateBankNationalAssociationMember_5E79EC9FE4AB565C00329AAF5375D3E0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_A3028CCE0DBA32131EF99AAF53761B3D_terseLabel_en-US" xlink:label="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_A3028CCE0DBA32131EF99AAF53761B3D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Regulatory Requirements </link:label>
<link:label id="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_A3028CCE0DBA32131EF99AAF53761B3D_label_en-US" xlink:label="lab_us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_A3028CCE0DBA32131EF99AAF53761B3D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems" xlink:label="loc_us-gaap_ComplianceWithRegulatoryCapitalRequirementsUnderBankingRegulationsLineItems_A3028CCE0DBA32131EF99AAF53761B3D" xlink:type="locator"/>
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<link:label id="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF_terseLabel_en-US" xlink:label="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Well-Capitalized Requirement </link:label>
<link:label id="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF_label_en-US" xlink:label="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Well-Capitalized Requirement Ratio [Abstract] </link:label>
<link:label id="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF_documentation_en-US" xlink:label="lab_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Well-Capitalized Requirement Ratio [Abstract] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_WellCapitalizedRequirementRatioAbstract" xlink:label="loc_ms_WellCapitalizedRequirementRatioAbstract_CC884C57FE61D5A237239AAF5376F3AF" xlink:type="locator"/>
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<link:label id="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A_terseLabel_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Equity Tier 1 capital (as a percent) </link:label>
<link:label id="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A_label_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Common Capital Well-Capitalized Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:label id="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A_documentation_en-US" xlink:label="lab_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Common Capital Well-Capitalized Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets" xlink:label="loc_ms_TierOneRiskBasedCommonCapitalWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_E613BEECD97EB4CE91AB9AAF53762C1A" xlink:type="locator"/>
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<link:label id="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879_terseLabel_en-US" xlink:label="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 capital (as a percent) </link:label>
<link:label id="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879_label_en-US" xlink:label="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Well-Capitalized Required for Capital Adequacy to Risk Weighted Assets </link:label>
<link:label id="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879_documentation_en-US" xlink:label="lab_ms_TierOneRiskBasedWellCapitalizedRequiredforCapitalAdequacytoRiskWeightedAssets_DC38861973C27E80290E9AAF53765879" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tier One Risk Based Well-Capitalized Required for Capital Adequacy to Risk Weighted Assets </link:label>
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<link:label id="lab_us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_59DB28B0BBEE680007569AAF5377A947_terseLabel_en-US" xlink:label="lab_us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_59DB28B0BBEE680007569AAF5377A947" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total capital (as a percent) </link:label>
<link:label id="lab_us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_59DB28B0BBEE680007569AAF5377A947_label_en-US" xlink:label="lab_us-gaap_CapitalRequiredToBeWellCapitalizedToRiskWeightedAssets_59DB28B0BBEE680007569AAF5377A947" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital Required to be Well Capitalized to Risk Weighted Assets </link:label>
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<link:label id="lab_us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_0108919A209B7503C73C9AAF5377A755_terseLabel_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_0108919A209B7503C73C9AAF5377A755" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Tier 1 leverage (as a percent) </link:label>
<link:label id="lab_us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_0108919A209B7503C73C9AAF5377A755_label_en-US" xlink:label="lab_us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_0108919A209B7503C73C9AAF5377A755" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Tier One Leverage Capital Required to be Well Capitalized to Average Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets" xlink:label="loc_us-gaap_TierOneLeverageCapitalRequiredToBeWellCapitalizedToAverageAssets_0108919A209B7503C73C9AAF5377A755" xlink:type="locator"/>
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<link:label id="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062_terseLabel_en-US" xlink:label="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SLR (as a percent) </link:label>
<link:label id="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062_label_en-US" xlink:label="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Well-Capitalized Minimum Supplementary Leverage Ratio </link:label>
<link:label id="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062_documentation_en-US" xlink:label="lab_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Well-Capitalized Minimum Supplementary Leverage Ratio </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_WellCapitalizedMinimumSupplementaryLeverageRatio" xlink:label="loc_ms_WellCapitalizedMinimumSupplementaryLeverageRatio_D99B1295896BC56547CA9AAF53773062" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeTaxDisclosureAbstract_9CB1165A9F7EC3DFC0549AAF528DC94A_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureAbstract_9CB1165A9F7EC3DFC0549AAF528DC94A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeTaxDisclosureAbstract" xlink:label="loc_us-gaap_IncomeTaxDisclosureAbstract_9CB1165A9F7EC3DFC0549AAF528DC94A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_C691C6B6E3EE16E50E869AAF528D8D39_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_C691C6B6E3EE16E50E869AAF528D8D39" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Net Discrete Tax Benefits in Income Tax Provisions </link:label>
<link:label id="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_C691C6B6E3EE16E50E869AAF528D8D39_label_en-US" xlink:label="lab_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_C691C6B6E3EE16E50E869AAF528D8D39" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Components of Income Tax Expense (Benefit) [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock" xlink:label="loc_us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_C691C6B6E3EE16E50E869AAF528D8D39" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTable_665B20D309C7D93AEFD09AAF55F2BD66_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTable_665B20D309C7D93AEFD09AAF55F2BD66" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Option, Disclosures [Table] </link:label>
<link:label id="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTable_665B20D309C7D93AEFD09AAF55F2BD66_label_en-US" xlink:label="lab_us-gaap_FairValueOptionQuantitativeDisclosuresTable_665B20D309C7D93AEFD09AAF55F2BD66" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Option, Disclosures [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueOptionQuantitativeDisclosuresTable" xlink:label="loc_us-gaap_FairValueOptionQuantitativeDisclosuresTable_665B20D309C7D93AEFD09AAF55F2BD66" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF_terseLabel_en-US" xlink:label="lab_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
<link:label id="lab_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF_label_en-US" xlink:label="lab_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtMember" xlink:label="loc_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF" xlink:to="lab_us-gaap_DebtMember_3BB22EDDC51360C0A02A9AAF55F367AF" xlink:type="arc"/>
<link:label id="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311_terseLabel_en-US" xlink:label="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans and other debt </link:label>
<link:label id="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311_label_en-US" xlink:label="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Other Debt [Member] </link:label>
<link:label id="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311_documentation_en-US" xlink:label="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_LoansAndOtherDebtMember" xlink:label="loc_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:to="lab_ms_LoansAndOtherDebtMember_FA924AA1FB4DE43092E79AAF55F3F311" xlink:type="arc"/>
<link:label id="lab_us-gaap_WrittenLoanCommitmentFairValueOptionMember_2A01584E88922EF376039AAF55F34BC5_terseLabel_en-US" xlink:label="lab_us-gaap_WrittenLoanCommitmentFairValueOptionMember_2A01584E88922EF376039AAF55F34BC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lending commitments </link:label>
<link:label id="lab_us-gaap_WrittenLoanCommitmentFairValueOptionMember_2A01584E88922EF376039AAF55F34BC5_label_en-US" xlink:label="lab_us-gaap_WrittenLoanCommitmentFairValueOptionMember_2A01584E88922EF376039AAF55F34BC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Written Loan Commitment, Fair Value Option [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_WrittenLoanCommitmentFairValueOptionMember" xlink:label="loc_us-gaap_WrittenLoanCommitmentFairValueOptionMember_2A01584E88922EF376039AAF55F34BC5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLocationAxis_70B42881A0A528F755219AAF55F4ECDA_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLocationAxis_70B42881A0A528F755219AAF55F4ECDA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income Location [Axis] </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLocationAxis_70B42881A0A528F755219AAF55F4ECDA_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLocationAxis_70B42881A0A528F755219AAF55F4ECDA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationAxis" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLocationAxis_70B42881A0A528F755219AAF55F4ECDA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLocationDomain_7C5BF5775DFC40844B0F9AAF55F4597E_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLocationDomain_7C5BF5775DFC40844B0F9AAF55F4597E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income Location [Domain] </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLocationDomain_7C5BF5775DFC40844B0F9AAF55F4597E_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLocationDomain_7C5BF5775DFC40844B0F9AAF55F4597E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLocationDomain" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLocationDomain_7C5BF5775DFC40844B0F9AAF55F4597E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeMember_BB7AE437439817B56B669AAF55F46784_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeMember_BB7AE437439817B56B669AAF55F46784" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> OCI </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeMember_BB7AE437439817B56B669AAF55F46784_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeMember_BB7AE437439817B56B669AAF55F46784" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss) [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_OtherComprehensiveIncomeMember_BB7AE437439817B56B669AAF55F46784" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeStatementLocationAxis_FBD00BE86A11BBDF48AC9AAF55F41C4F_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_FBD00BE86A11BBDF48AC9AAF55F41C4F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Statement Location [Axis] </link:label>
<link:label id="lab_us-gaap_IncomeStatementLocationAxis_FBD00BE86A11BBDF48AC9AAF55F41C4F_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationAxis_FBD00BE86A11BBDF48AC9AAF55F41C4F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Statement Location [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="loc_us-gaap_IncomeStatementLocationAxis_FBD00BE86A11BBDF48AC9AAF55F41C4F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeStatementLocationDomain_76A53981C0B278FDAF319AAF55F4722C_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_76A53981C0B278FDAF319AAF55F4722C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Statement Location [Domain] </link:label>
<link:label id="lab_us-gaap_IncomeStatementLocationDomain_76A53981C0B278FDAF319AAF55F4722C_label_en-US" xlink:label="lab_us-gaap_IncomeStatementLocationDomain_76A53981C0B278FDAF319AAF55F4722C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Statement Location [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="loc_us-gaap_IncomeStatementLocationDomain_76A53981C0B278FDAF319AAF55F4722C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TradingRevenueMember_0D7F929781534FA490169AAF55F52519_terseLabel_en-US" xlink:label="lab_us-gaap_TradingRevenueMember_0D7F929781534FA490169AAF55F52519" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading revenues </link:label>
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<link:label id="lab_ms_FairValueDisclosureLineItems_DA003DBF4841B316ABD79AAF55F56CB2_terseLabel_en-US" xlink:label="lab_ms_FairValueDisclosureLineItems_DA003DBF4841B316ABD79AAF55F56CB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value disclosure </link:label>
<link:label id="lab_ms_FairValueDisclosureLineItems_DA003DBF4841B316ABD79AAF55F56CB2_label_en-US" xlink:label="lab_ms_FairValueDisclosureLineItems_DA003DBF4841B316ABD79AAF55F56CB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Disclosure [Line Items] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_FairValueDisclosureLineItems" xlink:label="loc_ms_FairValueDisclosureLineItems_DA003DBF4841B316ABD79AAF55F56CB2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets_5712AF3A7AFE4CC940389AAF55F5E5B6_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionCreditRiskGainsLossesOnAssets_5712AF3A7AFE4CC940389AAF55F5E5B6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gains (losses) due to changes in instrument-specific credit risk </link:label>
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<link:label id="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293_terseLabel_en-US" xlink:label="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cumulative pre-tax DVA gain (loss) recognized in AOCI </link:label>
<link:label id="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293_label_en-US" xlink:label="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Unrealized Gain (Loss) on Debt Valuation Adjustment, Pretax, Accumulated Other Comprehensive Income (Loss) </link:label>
<link:label id="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293_documentation_en-US" xlink:label="lab_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of unrealized gain (loss) related to debt valuation adjustment, which was recorded in accumulated other comprehensive income. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss" xlink:label="loc_ms_UnrealizedGainLossOnDebtValuationAdjustmentPretaxAccumulatedOtherComprehensiveIncomeLoss_E5C60A90113E9B7ED8A49AAF55F63293" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtDisclosureAbstract_E34CDEFA3E8C746988729AAF547AE7D3_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureAbstract_E34CDEFA3E8C746988729AAF547AE7D3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureAbstract" xlink:label="loc_us-gaap_DebtDisclosureAbstract_E34CDEFA3E8C746988729AAF547AE7D3" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DebtDisclosureTextBlock_134A81BC743535879D999AAF547A8888_terseLabel_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_134A81BC743535879D999AAF547A8888" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings and Other Secured Financings </link:label>
<link:label id="lab_us-gaap_DebtDisclosureTextBlock_134A81BC743535879D999AAF547A8888_label_en-US" xlink:label="lab_us-gaap_DebtDisclosureTextBlock_134A81BC743535879D999AAF547A8888" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtDisclosureTextBlock" xlink:label="loc_us-gaap_DebtDisclosureTextBlock_134A81BC743535879D999AAF547A8888" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostAbstract_8B4AC4750E7EFC93475B9AAF5546D86E_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostAbstract_8B4AC4750E7EFC93475B9AAF5546D86E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Amortized Cost </link:label>
<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostAbstract_8B4AC4750E7EFC93475B9AAF5546D86E_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAmortizedCostAbstract_8B4AC4750E7EFC93475B9AAF5546D86E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Amortized Cost, Fiscal Year Maturity [Abstract] </link:label>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Amortized cost, due within 1 year </link:label>
<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A" xlink:to="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost_2E0E8F0D935A9835F8959AAF5546A23A" xlink:type="arc"/>
<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_2DE084AB0E25366EAC6A9AAF5547F11A_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_2DE084AB0E25366EAC6A9AAF5547F11A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Amortized cost, after 1 year through 5 years </link:label>
<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_2DE084AB0E25366EAC6A9AAF5547F11A_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_2DE084AB0E25366EAC6A9AAF5547F11A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost_2DE084AB0E25366EAC6A9AAF5547F11A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_54B48FF7BF073510F82B9AAF55472F77_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_54B48FF7BF073510F82B9AAF55472F77" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Amortized cost, after 5 years through 10 years </link:label>
<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_54B48FF7BF073510F82B9AAF55472F77_label_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_54B48FF7BF073510F82B9AAF55472F77" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Amortized Cost </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost" xlink:label="loc_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost_54B48FF7BF073510F82B9AAF55472F77" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_47D7F4FBBB5984EAB94D9AAF55478F38_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAmortizedCost_47D7F4FBBB5984EAB94D9AAF55478F38" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Amortized cost, after 10 years </link:label>
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<link:label id="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_D7D86FCA34A16389A07E9AAF5548B741_totalLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleDebtSecuritiesAmortizedCostBasis_D7D86FCA34A16389A07E9AAF5548B741" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Amortized cost, total </link:label>
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<link:label id="lab_ms_DebtSecuritiesHeldtomaturityMaturityAllocatedandSingleMaturityDateRollingwithinOneYearAmortizedCostLessAllowanceforCreditLoss_04B1BF3114F1A20E86539AAF55482C75_terseLabel_en-US" xlink:label="lab_ms_DebtSecuritiesHeldtomaturityMaturityAllocatedandSingleMaturityDateRollingwithinOneYearAmortizedCostLessAllowanceforCreditLoss_04B1BF3114F1A20E86539AAF55482C75" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> HTM securities: Net carrying amount, due within 1 year </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_69295C22E64C2CA880109AAF554B51B0_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue_69295C22E64C2CA880109AAF554B51B0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_DE7AE17FC00B97B661D99AAF554B5814_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_DE7AE17FC00B97B661D99AAF554B5814" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> HTM securities: Fair value, after 5 years through 10 years </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_DE7AE17FC00B97B661D99AAF554B5814_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue_DE7AE17FC00B97B661D99AAF554B5814" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after Five Through Ten Years, Fair Value </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue_1B895630871E756A7F769AAF554BCAF4_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue_1B895630871E756A7F769AAF554BCAF4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Maturity, Allocated and Single Maturity Date, after 10 Years, Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesDebtMaturitiesAfterTenYearsFairValue_1B895630871E756A7F769AAF554BCAF4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_HeldToMaturitySecuritiesFairValue_7251E5BC14EFB68F12219AAF554BB3F8_totalLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesFairValue_7251E5BC14EFB68F12219AAF554BB3F8" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> HTM securities: Fair value, total </link:label>
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<link:label id="lab_us-gaap_InvestmentsFairValueDisclosure_69BFF2BE8D7AC6878DDD9AAF554CD109_totalLabel_en-US" xlink:label="lab_us-gaap_InvestmentsFairValueDisclosure_69BFF2BE8D7AC6878DDD9AAF554CD109" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Investment securities: Fair value, total </link:label>
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<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, Annualized Average Yield, Fiscal Year Maturity [Abstract] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract" xlink:label="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYieldFiscalYearMaturityAbstract_2F31CA5AE7A8029CBB469AAF554C2845" xlink:type="arc"/>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Annualized average yield, due within 1 year (as a percent) </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, Next Twelve Months, Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009_documentation_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Annualized average yield of available-for-sale debt securities maturing in the next fiscal year following the latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield" xlink:label="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_1F6F7F30AF647D5BEC759AAF554CD009" xlink:type="arc"/>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Annualized average yield, after 1 year through 5 years (as a percent) </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, Year Two Through Five, Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF_documentation_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Annualized average yield of available-for-sale debt securities maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield" xlink:label="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_AC308E384B718FD7029B9AAF554C03CF" xlink:type="arc"/>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Annualized average yield, after 5 years through 10 years (as a percent) </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, Year Six Through Ten, Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E_documentation_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Annualized average yield of available-for-sale debt securities maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield" xlink:label="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_15124679C2BD3C23DE0A9AAF554CBC8E" xlink:type="arc"/>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Annualized average yield, after 10 years (as a percent) </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, after Ten Years, Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A_documentation_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Annualized average yield of available-for-sale debt securities maturing after the tenth fiscal year following the latest fiscal year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield" xlink:label="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsAnnualizedAverageYield_9A7A7D339C5E133A6CDD9AAF554DCD0A" xlink:type="arc"/>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9_terseLabel_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities: Annualized average yield, total (as a percent) </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9_label_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Available-for-sale Securities, Debt Maturities, Annualized Average Yield </link:label>
<link:label id="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9_documentation_en-US" xlink:label="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Annualized average yield of debt securities categorized neither as held-to-maturity nor trading. </link:label>
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<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9" xlink:to="lab_ms_AvailableForSaleSecuritiesDebtMaturitiesAnnualizedAverageYield_5A9892E3569A7D7353919AAF554DB6F9" xlink:type="arc"/>
<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_8F106B4AECD03E24C7A89AAF554DE699_terseLabel_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_8F106B4AECD03E24C7A89AAF554DE699" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> HTM securities: Annualized average yield, due within 1 year (as a percent) </link:label>
<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_8F106B4AECD03E24C7A89AAF554DE699_label_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesNextTwelveMonthsAnnualizedAverageYield_8F106B4AECD03E24C7A89AAF554DE699" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Held-to-maturity Securities Debt Maturities Next Twelve Months Annualized Average Yield </link:label>
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<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_5801C8E442682967E9E39AAF554D2EB4_label_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesYearTwoThroughFiveAnnualizedAverageYield_5801C8E442682967E9E39AAF554D2EB4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Held-to-maturity Securities Debt Maturities Year Two Through Five Annualized Average Yield </link:label>
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<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_3D9CCD724581686E25AC9AAF554ED6B6_label_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesYearSixThroughTenAnnualizedAverageYield_3D9CCD724581686E25AC9AAF554ED6B6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Held-to-maturity Securities Debt Maturities, Year Six Through Ten, Annualized Average Yield </link:label>
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<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesAnnualizedAverageYield_060EE602A5195887D92F9AAF554E41FD_terseLabel_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesAnnualizedAverageYield_060EE602A5195887D92F9AAF554E41FD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> HTM securities: Annualized average yield, total (as a percent) </link:label>
<link:label id="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesAnnualizedAverageYield_060EE602A5195887D92F9AAF554E41FD_label_en-US" xlink:label="lab_ms_HeldToMaturitySecuritiesDebtMaturitiesAnnualizedAverageYield_060EE602A5195887D92F9AAF554E41FD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Held-to-maturity Securities Debt Maturities Annualized Average Yield </link:label>
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<link:label id="lab_ms_InvestmentSecuritiesDebtMaturitiesAnnualizedAverageYield_1DD5B6B143681742880E9AAF554ED3DA_terseLabel_en-US" xlink:label="lab_ms_InvestmentSecuritiesDebtMaturitiesAnnualizedAverageYield_1DD5B6B143681742880E9AAF554ED3DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment securities: Annualized average yield, total (as a percent) </link:label>
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<link:label id="lab_us-gaap_ScheduleOfStockByClassTable_D8BDC3801D9F983AEEA79AAF53482EF1_label_en-US" xlink:label="lab_us-gaap_ScheduleOfStockByClassTable_D8BDC3801D9F983AEEA79AAF53482EF1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Stock by Class [Table] </link:label>
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<link:label id="lab_us-gaap_SeriesAPreferredStockMember_E1D62E2F36EE493462EF9AAF53493306_verboseLabel_en-US" xlink:label="lab_us-gaap_SeriesAPreferredStockMember_E1D62E2F36EE493462EF9AAF53493306" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Series A </link:label>
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<link:label id="lab_us-gaap_SeriesCPreferredStockMember_861F638370BB14A58DD39AAF534A2000_terseLabel_en-US" xlink:label="lab_us-gaap_SeriesCPreferredStockMember_861F638370BB14A58DD39AAF534A2000" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Series C </link:label>
<link:label id="lab_us-gaap_SeriesCPreferredStockMember_861F638370BB14A58DD39AAF534A2000_label_en-US" xlink:label="lab_us-gaap_SeriesCPreferredStockMember_861F638370BB14A58DD39AAF534A2000" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Series C Preferred Stock [Member] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_SeriesKPreferredStockMember" xlink:label="loc_ms_SeriesKPreferredStockMember_0266991BEF341C76992F9AAF534BDD19" xlink:type="locator"/>
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<link:label id="lab_ms_SeriesLPreferredStockMember_4FE20B31CE84309976B39AAF534BB421_verboseLabel_en-US" xlink:label="lab_ms_SeriesLPreferredStockMember_4FE20B31CE84309976B39AAF534BB421" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Series L </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SeriesLPreferredStockMember" xlink:label="loc_ms_SeriesLPreferredStockMember_4FE20B31CE84309976B39AAF534BB421" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SeriesLPreferredStockMember_4FE20B31CE84309976B39AAF534BB421" xlink:to="lab_ms_SeriesLPreferredStockMember_4FE20B31CE84309976B39AAF534BB421" xlink:type="arc"/>
<link:label id="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA_terseLabel_en-US" xlink:label="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint Ventures, by Partner [Axis] </link:label>
<link:label id="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA_label_en-US" xlink:label="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Ventures, by Partner [Axis] </link:label>
<link:label id="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA_documentation_en-US" xlink:label="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_JointVenturesByPartnerAxis" xlink:label="loc_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:to="lab_ms_JointVenturesByPartnerAxis_7F2DB0E9CB768A12C2089AAF534B15BA" xlink:type="arc"/>
<link:label id="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F_terseLabel_en-US" xlink:label="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Joint Venture Partner, Name [Domain] </link:label>
<link:label id="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F_label_en-US" xlink:label="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Joint Venture Partner, Name [Domain] </link:label>
<link:label id="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F_documentation_en-US" xlink:label="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_JointVenturePartnerNameDomain" xlink:label="loc_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:to="lab_ms_JointVenturePartnerNameDomain_1A10C3317D2BAD0314EE9AAF534CD83F" xlink:type="arc"/>
<link:label id="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962_terseLabel_en-US" xlink:label="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MUFG </link:label>
<link:label id="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962_label_en-US" xlink:label="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mitsubishi UFJ Financial Group Inc [Member] </link:label>
<link:label id="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962_documentation_en-US" xlink:label="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MitsubishiUfjFinancialGroupIncMember" xlink:label="loc_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:to="lab_ms_MitsubishiUfjFinancialGroupIncMember_B886F1960942CEFB8BF39AAF534C9962" xlink:type="arc"/>
<link:label id="lab_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A_terseLabel_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Class of Stock </link:label>
<link:label id="lab_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A_label_en-US" xlink:label="lab_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Class of Stock [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="loc_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A" xlink:to="lab_us-gaap_ClassOfStockLineItems_83B31843820708D69A149AAF534CFC7A" xlink:type="arc"/>
<link:label id="lab_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock shares outstanding (shares) </link:label>
<link:label id="lab_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock, Shares Outstanding </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesOutstanding" xlink:label="loc_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0" xlink:to="lab_us-gaap_PreferredStockSharesOutstanding_FD598DA3C90F25A06A9D9AAF534CFDD0" xlink:type="arc"/>
<link:label id="lab_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Liquidation preference per share (USD per share) </link:label>
<link:label id="lab_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2_label_en-US" xlink:label="lab_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock, Liquidation Preference Per Share </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockLiquidationPreference" xlink:label="loc_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2" xlink:to="lab_us-gaap_PreferredStockLiquidationPreference_A6DF831A93A079BDEC129AAF534D05E2" xlink:type="arc"/>
<link:label id="lab_ms_PreferredStockCarryingValue_62363F1380C43F2925D29AAF534D61B8_terseLabel_en-US" xlink:label="lab_ms_PreferredStockCarryingValue_62363F1380C43F2925D29AAF534D61B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock carrying value </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_PreferredStockCarryingValue" xlink:label="loc_ms_PreferredStockCarryingValue_62363F1380C43F2925D29AAF534D61B8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_PreferredStockCarryingValue_62363F1380C43F2925D29AAF534D61B8" xlink:to="lab_ms_PreferredStockCarryingValue_62363F1380C43F2925D29AAF534D61B8" xlink:type="arc"/>
<link:label id="lab_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock shares authorized (shares) </link:label>
<link:label id="lab_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A_label_en-US" xlink:label="lab_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock, Shares Authorized </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockSharesAuthorized" xlink:label="loc_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A" xlink:to="lab_us-gaap_PreferredStockSharesAuthorized_08DAD4B85EEE31C18F7F9AAF5352014A" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_7781E0BC3E4B4F3380549AAF54920B39_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_7781E0BC3E4B4F3380549AAF54920B39" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Method Investments and Joint Ventures [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract" xlink:label="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_7781E0BC3E4B4F3380549AAF54920B39" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_7781E0BC3E4B4F3380549AAF54920B39" xlink:to="lab_us-gaap_EquityMethodInvestmentsAndJointVenturesAbstract_7781E0BC3E4B4F3380549AAF54920B39" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Equity Method Investments [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Equity Method Investments [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEquityMethodInvestmentsTable" xlink:label="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7" xlink:to="lab_us-gaap_ScheduleOfEquityMethodInvestmentsTable_FD23E0304154CAE912939AAF5492F4B7" xlink:type="arc"/>
<link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815_terseLabel_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment, Name [Axis] </link:label>
<link:label id="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815_label_en-US" xlink:label="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment, Name [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815" xlink:to="lab_srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis_2FE3D8D6686A53206D929AAF5493A815" xlink:type="arc"/>
<link:label id="lab_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22_terseLabel_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment, Name [Domain] </link:label>
<link:label id="lab_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22_label_en-US" xlink:label="lab_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment, Name [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_EquityMethodInvesteeNameDomain" xlink:label="loc_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22" xlink:to="lab_srt_EquityMethodInvesteeNameDomain_D1902672A0FE9A4D291A9AAF5493AA22" xlink:type="arc"/>
<link:label id="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8_terseLabel_en-US" xlink:label="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MSMS </link:label>
<link:label id="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8_label_en-US" xlink:label="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Morgan Stanley MUFG Securities Co., Ltd. [Member] </link:label>
<link:label id="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8_documentation_en-US" xlink:label="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MorganStanleyMufgSecuritiesCoLtdMember" xlink:label="loc_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:to="lab_ms_MorganStanleyMufgSecuritiesCoLtdMember_2ADC3B9FD32D60841CCA9AAF54934BA8" xlink:type="arc"/>
<link:label id="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581_terseLabel_en-US" xlink:label="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> MUMSS </link:label>
<link:label id="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581_label_en-US" xlink:label="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Mitsubishi UFJ Morgan Stanley Securities Co., Ltd [Member] </link:label>
<link:label id="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581_documentation_en-US" xlink:label="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Mitsubishi UFJ Morgan Stanley Securities Co., Ltd </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember" xlink:label="loc_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:to="lab_ms_MitsubishiUfjMorganStanleySecuritiesCoLtdMember_6554A45D0926616369099AAF54944581" xlink:type="arc"/>
<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_9B8B572369789304E0E79AAF54956290_terseLabel_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_9B8B572369789304E0E79AAF54956290" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segments [Axis] </link:label>
<link:label id="lab_us-gaap_StatementBusinessSegmentsAxis_9B8B572369789304E0E79AAF54956290_label_en-US" xlink:label="lab_us-gaap_StatementBusinessSegmentsAxis_9B8B572369789304E0E79AAF54956290" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segments [Axis] </link:label>
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<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember_D46B1A859E93AE2CF5F29AAF52DD447A_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember_D46B1A859E93AE2CF5F29AAF52DD447A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension, Postretirement and Other Attributable to Noncontrolling Interest </link:label>
<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember_D46B1A859E93AE2CF5F29AAF52DD447A_label_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentAttributableToNoncontrollingInterestMember_D46B1A859E93AE2CF5F29AAF52DD447A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Defined Benefit Plans Adjustment Attributable to Noncontrolling Interest [Member] </link:label>
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<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_B3277F74364E26F2066E9AAF52DDA024_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_B3277F74364E26F2066E9AAF52DDA024" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pension, Postretirement and Other Attributable to Parent </link:label>
<link:label id="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_B3277F74364E26F2066E9AAF52DDA024_label_en-US" xlink:label="lab_us-gaap_AccumulatedDefinedBenefitPlansAdjustmentMember_B3277F74364E26F2066E9AAF52DDA024" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member] </link:label>
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<link:label id="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323_terseLabel_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in Net DVA Including Noncontrolling Interest </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323_label_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Including Noncontrolling Interest [Member] </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323_documentation_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Including Noncontrolling Interest </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember" xlink:label="loc_ms_AOCIDebtValuationAdjustmentIncludingNoncontrollingInterestMember_50584F1893F56F5E47339AAF52DD8323" xlink:type="locator"/>
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<link:label id="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273_terseLabel_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Change in Net DVA Attributable to Noncontrolling Interest </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273_label_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Noncontrolling Interest [Member] </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273_documentation_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Noncontrolling Interest [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember" xlink:label="loc_ms_AOCIDebtValuationAdjustmentNoncontrollingInterestMember_8FCF88D7A164A6CC6A109AAF52DD6273" xlink:type="locator"/>
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<link:label id="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C_verboseLabel_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Change in Net DVA Attributable to Parent </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C_label_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Parent [Member] </link:label>
<link:label id="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C_documentation_en-US" xlink:label="lab_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> AOCI, Debt Valuation Adjustment, Parent [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AOCIDebtValuationAdjustmentParentMember" xlink:label="loc_ms_AOCIDebtValuationAdjustmentParentMember_25C2FCE90609FB1DB38E9AAF52DD202C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_9CC2EDC0B3AB09E759689AAF52DDD4DB_terseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_9CC2EDC0B3AB09E759689AAF52DDD4DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] </link:label>
<link:label id="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_9CC2EDC0B3AB09E759689AAF52DDD4DB_label_en-US" xlink:label="lab_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_9CC2EDC0B3AB09E759689AAF52DDD4DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems" xlink:label="loc_us-gaap_ReclassificationAdjustmentOutOfAccumulatedOtherComprehensiveIncomeLineItems_9CC2EDC0B3AB09E759689AAF52DDD4DB" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract_8DA65A42F2722E1750F09AAF52DE1FAD_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract_8DA65A42F2722E1750F09AAF52DE1FAD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pre-tax Gain (Loss) </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract_8DA65A42F2722E1750F09AAF52DE1FAD_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract_8DA65A42F2722E1750F09AAF52DE1FAD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), before Tax [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTaxPeriodIncreaseDecreaseAbstract_8DA65A42F2722E1750F09AAF52DE1FAD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_9B17EDAE17A0649191AD9AAF52DE970F_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_9B17EDAE17A0649191AD9AAF52DE970F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> OCI activity </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_9B17EDAE17A0649191AD9AAF52DE970F_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_9B17EDAE17A0649191AD9AAF52DE970F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), before Reclassifications, before Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsBeforeTax_9B17EDAE17A0649191AD9AAF52DE970F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_578F9C1272B7A861088A9AAF52DFA7AF_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_578F9C1272B7A861088A9AAF52DFA7AF" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Reclassified to earnings </link:label>
<link:label id="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_578F9C1272B7A861088A9AAF52DFA7AF_label_en-US" xlink:label="lab_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_578F9C1272B7A861088A9AAF52DFA7AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Reclassification from Accumulated Other Comprehensive Income, Current Period, before Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax" xlink:label="loc_us-gaap_ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodBeforeTax_578F9C1272B7A861088A9AAF52DFA7AF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTax_111E1437953F48D976939AAF52DF28B5_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTax_111E1437953F48D976939AAF52DF28B5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net OCI </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTax_111E1437953F48D976939AAF52DF28B5_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeTax_111E1437953F48D976939AAF52DF28B5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), before Tax </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherComprehensiveIncomeLossBeforeTax" xlink:label="loc_us-gaap_OtherComprehensiveIncomeLossBeforeTax_111E1437953F48D976939AAF52DF28B5" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossTaxAbstract_D250F1CEA4F072918A8A9AAF52DF435C_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossTaxAbstract_D250F1CEA4F072918A8A9AAF52DF435C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Tax Benefit (Provision) </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossTaxAbstract_D250F1CEA4F072918A8A9AAF52DF435C_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossTaxAbstract_D250F1CEA4F072918A8A9AAF52DF435C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss), Tax [Abstract] </link:label>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_8999C01DA80DC8FE87AD9AAF52DF00A4_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_8999C01DA80DC8FE87AD9AAF52DF00A4" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> OCI activity </link:label>
<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_8999C01DA80DC8FE87AD9AAF52DF00A4_label_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossBeforeReclassificationsTax_8999C01DA80DC8FE87AD9AAF52DF00A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Comprehensive Income (Loss) before Reclassifications, Tax </link:label>
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<link:label id="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462_terseLabel_en-US" xlink:label="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Whole loan sales guarantees </link:label>
<link:label id="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462_label_en-US" xlink:label="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Whole Loan Sales Representations and Warranties [Member] </link:label>
<link:label id="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462_documentation_en-US" xlink:label="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Whole Loan Sales Representations and Warranties </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_WholeLoanSalesRepresentationsAndWarrantiesMember" xlink:label="loc_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:to="lab_ms_WholeLoanSalesRepresentationsAndWarrantiesMember_FEF366093A6E00E40D309AAF544BE462" xlink:type="arc"/>
<link:label id="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89_terseLabel_en-US" xlink:label="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securitization representations and warranties </link:label>
<link:label id="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89_label_en-US" xlink:label="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securitizations Representations and Guarantees [Member] </link:label>
<link:label id="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89_documentation_en-US" xlink:label="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Securitizations Representations and Guarantees </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritizationsRepresentationsAndGuaranteesMember" xlink:label="loc_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:to="lab_ms_SecuritizationsRepresentationsAndGuaranteesMember_4679C96DA538679039D29AAF544B5F89" xlink:type="arc"/>
<link:label id="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5_terseLabel_en-US" xlink:label="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> General partner guarantees </link:label>
<link:label id="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5_label_en-US" xlink:label="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> General Partner Guarantee [Member] </link:label>
<link:label id="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5_documentation_en-US" xlink:label="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> General Partner Guarantee </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_GeneralPartnerGuaranteeMember" xlink:label="loc_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:to="lab_ms_GeneralPartnerGuaranteeMember_DC6078905242EFF35CB89AAF544B55E5" xlink:type="arc"/>
<link:label id="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC_terseLabel_en-US" xlink:label="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Client clearing guarantees </link:label>
<link:label id="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC_label_en-US" xlink:label="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Clearing Member Guarantee [Member] </link:label>
<link:label id="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC_documentation_en-US" xlink:label="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Clearing Member Guarantee [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ClearingMemberGuaranteeMember" xlink:label="loc_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:to="lab_ms_ClearingMemberGuaranteeMember_CAAEA0D1B5B5DBA99BEB9AAF544BD5CC" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Guarantees </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsLineItems" xlink:label="loc_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976" xlink:to="lab_us-gaap_GuaranteeObligationsLineItems_A1FAA729792A88BA4AA49AAF544DB976" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5_terseLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum potential payout/notional </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Maximum Exposure, Undiscounted </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsMaximumExposure" xlink:label="loc_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5" xlink:to="lab_us-gaap_GuaranteeObligationsMaximumExposure_C417653CD4AD1CC1405B9AAF544DF6F5" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648_negatedLabel_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount: liability </link:label>
<link:label id="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648_label_en-US" xlink:label="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guarantor Obligations, Current Carrying Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuaranteeObligationsCurrentCarryingValue" xlink:label="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648" xlink:to="lab_us-gaap_GuaranteeObligationsCurrentCarryingValue_C0DAC6755BC021F077D99AAF544D7648" xlink:type="arc"/>
<link:label id="lab_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723_terseLabel_en-US" xlink:label="lab_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount: asset </link:label>
<link:label id="lab_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723_label_en-US" xlink:label="lab_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Guaranty Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_GuarantyAssets" xlink:label="loc_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723" xlink:to="lab_us-gaap_GuarantyAssets_B9DB758497212955C9889AAF544E8723" xlink:type="arc"/>
<link:label id="lab_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C_terseLabel_en-US" xlink:label="lab_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Standby letters of credit </link:label>
<link:label id="lab_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C_label_en-US" xlink:label="lab_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Line of Credit </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LineOfCredit" xlink:label="loc_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C" xlink:to="lab_us-gaap_LineOfCredit_E1DD8C26498D826B23009AAF544E473C" xlink:type="arc"/>
<link:label id="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7_terseLabel_en-US" xlink:label="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Allowance for credit loss </link:label>
<link:label id="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7_label_en-US" xlink:label="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Line of Credit, Allowance for Credit Loss </link:label>
<link:label id="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7_documentation_en-US" xlink:label="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Long-term Line of Credit, Allowance for Credit Loss </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LongtermLineofCreditAllowanceforCreditLoss" xlink:label="loc_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:to="lab_ms_LongtermLineofCreditAllowanceforCreditLoss_A5D61778393FC2CB80B79AAF544E6CF7" xlink:type="arc"/>
<link:label id="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00_terseLabel_en-US" xlink:label="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment Management </link:label>
<link:label id="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00_label_en-US" xlink:label="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment Management Segment [Member] </link:label>
<link:label id="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00_documentation_en-US" xlink:label="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Investment Management business segment. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InvestmentManagementSegmentMember" xlink:label="loc_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:to="lab_ms_InvestmentManagementSegmentMember_D4E0FA771004E9CC3F6DA4700DB86B00" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquityMethodInvestments_B07D62FD4FC646737A52A4700DB86678_terseLabel_en-US" xlink:label="lab_us-gaap_EquityMethodInvestments_B07D62FD4FC646737A52A4700DB86678" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:label id="lab_us-gaap_EquityMethodInvestments_B07D62FD4FC646737A52A4700DB86678_label_en-US" xlink:label="lab_us-gaap_EquityMethodInvestments_B07D62FD4FC646737A52A4700DB86678" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Method Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquityMethodInvestments" xlink:label="loc_us-gaap_EquityMethodInvestments_B07D62FD4FC646737A52A4700DB86678" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeLossFromEquityMethodInvestments_3EBE7ED375C1B78DF32CA4700DB9D831_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromEquityMethodInvestments_3EBE7ED375C1B78DF32CA4700DB9D831" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income (loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="loc_us-gaap_IncomeLossFromEquityMethodInvestments_3EBE7ED375C1B78DF32CA4700DB9D831" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeLossFromEquityMethodInvestments_3EBE7ED375C1B78DF32CA4700DB9D831" xlink:to="lab_us-gaap_IncomeLossFromEquityMethodInvestments_3EBE7ED375C1B78DF32CA4700DB9D831" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuritiesReserveDepositRequiredAndMade_2C70ACD1C2C56841E2AA9AAF55016054_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesReserveDepositRequiredAndMade_2C70ACD1C2C56841E2AA9AAF55016054" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segregated securities </link:label>
<link:label id="lab_us-gaap_SecuritiesReserveDepositRequiredAndMade_2C70ACD1C2C56841E2AA9AAF55016054_label_en-US" xlink:label="lab_us-gaap_SecuritiesReserveDepositRequiredAndMade_2C70ACD1C2C56841E2AA9AAF55016054" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Reserve Deposit Required and Made </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesReserveDepositRequiredAndMade" xlink:label="loc_us-gaap_SecuritiesReserveDepositRequiredAndMade_2C70ACD1C2C56841E2AA9AAF55016054" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_DA8F8F2D9D3E1BFA08BA9AAF52C2BEB0_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_DA8F8F2D9D3E1BFA08BA9AAF52C2BEB0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest Income and Interest Expense </link:label>
<link:label id="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_DA8F8F2D9D3E1BFA08BA9AAF52C2BEB0_label_en-US" xlink:label="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTextBlock_DA8F8F2D9D3E1BFA08BA9AAF52C2BEB0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income and Interest Expense Disclosure [Text Block] </link:label>
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<link:label id="lab_ms_ScheduleOfUnsettledFairValueOfFutureContractsTableTextBlock_2A691872230D2CD031BC9AAF56B3C6EC_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfUnsettledFairValueOfFutureContractsTableTextBlock_2A691872230D2CD031BC9AAF56B3C6EC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Unsettled Fair Value of Futures Contracts </link:label>
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<link:label id="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_86AA3091A64FAF3BE0E99AAF56B4BFC1_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInvestmentsEntitiesThatCalculateNetAssetValuePerShareTableTextBlock_86AA3091A64FAF3BE0E99AAF56B4BFC1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Net Asset Value Measurements </link:label>
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<link:label id="lab_ms_AccruedPerformanceFees_1F2D284C52240AE2E5C89AAF522B165C_terseLabel_en-US" xlink:label="lab_ms_AccruedPerformanceFees_1F2D284C52240AE2E5C89AAF522B165C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net cumulative unrealized performance-based fees at risk of reversing </link:label>
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<link:label id="lab_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_47EEC2472F2DC19C55D49AAF55E8C10F_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionLoansHeldAsAssetsAggregateAmountInNonaccrualStatus_47EEC2472F2DC19C55D49AAF55E8C10F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Nonaccrual loans </link:label>
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<link:label id="lab_ms_ScheduleOfRepurchaseOfCommonStockTableTextBlock_D02ED2881A34CC684D1D9AAF535F23BB_label_en-US" xlink:label="lab_ms_ScheduleOfRepurchaseOfCommonStockTableTextBlock_D02ED2881A34CC684D1D9AAF535F23BB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Repurchase of Common Stock [Table Text Block] </link:label>
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<link:label id="lab_ms_ScheduleOfRetainedEarningsAdjustments1TableTextBlock_DBA9CADEA774DB5147A59AAF5360286F_label_en-US" xlink:label="lab_ms_ScheduleOfRetainedEarningsAdjustments1TableTextBlock_DBA9CADEA774DB5147A59AAF5360286F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Retained Earnings Adjustments 1 [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleOfRetainedEarningsAdjustments1TableTextBlock_DBA9CADEA774DB5147A59AAF5360286F_documentation_en-US" xlink:label="lab_ms_ScheduleOfRetainedEarningsAdjustments1TableTextBlock_DBA9CADEA774DB5147A59AAF5360286F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of the cumulative effect on retained earnings of adjustments, which includes changes in accounting principle, new accounting pronouncements, and correction of errors. </link:label>
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<link:label id="lab_us-gaap_AccountingPoliciesAbstract_33D6E06511564876A6D99AAF56D3D224_label_en-US" xlink:label="lab_us-gaap_AccountingPoliciesAbstract_33D6E06511564876A6D99AAF56D3D224" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Policies [Abstract] </link:label>
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<link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C493BE212CD8DC4BA8329AAF56D48ADC_terseLabel_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C493BE212CD8DC4BA8329AAF56D48ADC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Significant Accounting Policies </link:label>
<link:label id="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C493BE212CD8DC4BA8329AAF56D48ADC_label_en-US" xlink:label="lab_us-gaap_SignificantAccountingPoliciesTextBlock_C493BE212CD8DC4BA8329AAF56D48ADC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Significant Accounting Policies [Text Block] </link:label>
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<link:label id="lab_us-gaap_InterestExpenseMember_FB1B3F6EA2CC38EB9BB29AAF55FCCBC5_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpenseMember_FB1B3F6EA2CC38EB9BB29AAF55FCCBC5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:label id="lab_us-gaap_InterestExpenseMember_FB1B3F6EA2CC38EB9BB29AAF55FCCBC5_label_en-US" xlink:label="lab_us-gaap_InterestExpenseMember_FB1B3F6EA2CC38EB9BB29AAF55FCCBC5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Expense [Member] </link:label>
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<link:label id="lab_us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_C7184D768225197656A79AAF55FD3A34_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueOptionQuantitativeDisclosuresLineItems_C7184D768225197656A79AAF55FD3A34" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Option Quantitative Disclosures </link:label>
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<link:label id="lab_srt_SegmentGeographicalDomain_9058933CF44FCAEF59839AAF521A678F_terseLabel_en-US" xlink:label="lab_srt_SegmentGeographicalDomain_9058933CF44FCAEF59839AAF521A678F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Geographical [Domain] </link:label>
<link:label id="lab_srt_SegmentGeographicalDomain_9058933CF44FCAEF59839AAF521A678F_label_en-US" xlink:label="lab_srt_SegmentGeographicalDomain_9058933CF44FCAEF59839AAF521A678F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Geographical [Domain] </link:label>
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<link:label id="lab_srt_AmericasMember_7CC333947D5C30B26BF09AAF521A064E_terseLabel_en-US" xlink:label="lab_srt_AmericasMember_7CC333947D5C30B26BF09AAF521A064E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Americas </link:label>
<link:label id="lab_srt_AmericasMember_7CC333947D5C30B26BF09AAF521A064E_label_en-US" xlink:label="lab_srt_AmericasMember_7CC333947D5C30B26BF09AAF521A064E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Americas [Member] </link:label>
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<link:label id="lab_us-gaap_EMEAMember_4F80B91DE98240CD2C4D9AAF521A0EB9_terseLabel_en-US" xlink:label="lab_us-gaap_EMEAMember_4F80B91DE98240CD2C4D9AAF521A0EB9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> EMEA </link:label>
<link:label id="lab_us-gaap_EMEAMember_4F80B91DE98240CD2C4D9AAF521A0EB9_label_en-US" xlink:label="lab_us-gaap_EMEAMember_4F80B91DE98240CD2C4D9AAF521A0EB9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> EMEA [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EMEAMember" xlink:label="loc_us-gaap_EMEAMember_4F80B91DE98240CD2C4D9AAF521A0EB9" xlink:type="locator"/>
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<link:label id="lab_srt_AsiaMember_FC93A641964968B67E0C9AAF521AC77C_terseLabel_en-US" xlink:label="lab_srt_AsiaMember_FC93A641964968B67E0C9AAF521AC77C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Asia </link:label>
<link:label id="lab_srt_AsiaMember_FC93A641964968B67E0C9AAF521AC77C_label_en-US" xlink:label="lab_srt_AsiaMember_FC93A641964968B67E0C9AAF521AC77C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Asia [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_AsiaMember" xlink:label="loc_srt_AsiaMember_FC93A641964968B67E0C9AAF521AC77C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SegmentReportingInformationLineItems_E9AFCF707F6357FB3E7F9AAF521AD14B_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_E9AFCF707F6357FB3E7F9AAF521AD14B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment Reporting Information </link:label>
<link:label id="lab_us-gaap_SegmentReportingInformationLineItems_E9AFCF707F6357FB3E7F9AAF521AD14B_label_en-US" xlink:label="lab_us-gaap_SegmentReportingInformationLineItems_E9AFCF707F6357FB3E7F9AAF521AD14B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting Information [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SegmentReportingInformationLineItems" xlink:label="loc_us-gaap_SegmentReportingInformationLineItems_E9AFCF707F6357FB3E7F9AAF521AD14B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RevenuesNetOfInterestExpense_150E39A40C7C6421CC849AAF521B7F31_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesNetOfInterestExpense_150E39A40C7C6421CC849AAF521B7F31" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net revenues </link:label>
<link:label id="lab_us-gaap_RevenuesNetOfInterestExpense_150E39A40C7C6421CC849AAF521B7F31_label_en-US" xlink:label="lab_us-gaap_RevenuesNetOfInterestExpense_150E39A40C7C6421CC849AAF521B7F31" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenues, Net of Interest Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesNetOfInterestExpense" xlink:label="loc_us-gaap_RevenuesNetOfInterestExpense_150E39A40C7C6421CC849AAF521B7F31" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ResidentialMortgageMember_51984361C4C821DCE5BB9AAF53C0A8B8_verboseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_51984361C4C821DCE5BB9AAF53C0A8B8" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> RML </link:label>
<link:label id="lab_us-gaap_ResidentialMortgageMember_51984361C4C821DCE5BB9AAF53C0A8B8_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageMember_51984361C4C821DCE5BB9AAF53C0A8B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Residential Mortgage [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialMortgageMember" xlink:label="loc_us-gaap_ResidentialMortgageMember_51984361C4C821DCE5BB9AAF53C0A8B8" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_EE0FE06B24D2AD512B2D9AAF53C0C1A0_verboseLabel_en-US" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_EE0FE06B24D2AD512B2D9AAF53C0C1A0" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> CML </link:label>
<link:label id="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_EE0FE06B24D2AD512B2D9AAF53C0C1A0_label_en-US" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_EE0FE06B24D2AD512B2D9AAF53C0C1A0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commercial Mortgage Backed Securities [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_EE0FE06B24D2AD512B2D9AAF53C0C1A0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_7CCFCFF4E010ECABEDA49AAF53C01B36_terseLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_7CCFCFF4E010ECABEDA49AAF53C01B36" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> U.S. Agency CMO </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember" xlink:label="loc_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_7CCFCFF4E010ECABEDA49AAF53C01B36" xlink:type="locator"/>
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<link:label id="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779_verboseLabel_en-US" xlink:label="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> CLN and Other </link:label>
<link:label id="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779_label_en-US" xlink:label="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit-Linked Notes and Other [Member] </link:label>
<link:label id="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779_documentation_en-US" xlink:label="lab_ms_CreditLinkedNotesAndOtherMember_5D40F9B44444AD04D7189AAF53C0F779" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit-Linked Notes and Other [Member] </link:label>
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<link:label id="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_6100185581F3BA6480679AAF53C26185_terseLabel_en-US" xlink:label="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_6100185581F3BA6480679AAF53C26185" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> SPE assets (UPB) </link:label>
<link:label id="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_6100185581F3BA6480679AAF53C26185_label_en-US" xlink:label="lab_us-gaap_ContinuingInvolvementWithTransferredFinancialAssetsPrincipalAmountOutstanding_6100185581F3BA6480679AAF53C26185" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Continuing Involvement with Transferred Financial Assets, Principal Amount Outstanding </link:label>
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<link:label id="lab_ms_RetainedInterest_D6389F4B3D6FAE5188369AAF53C27EA8_terseLabel_en-US" xlink:label="lab_ms_RetainedInterest_D6389F4B3D6FAE5188369AAF53C27EA8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Retained interest </link:label>
<link:label id="lab_ms_RetainedInterest_D6389F4B3D6FAE5188369AAF53C27EA8_label_en-US" xlink:label="lab_ms_RetainedInterest_D6389F4B3D6FAE5188369AAF53C27EA8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Retained Interest </link:label>
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<link:label id="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue_2419C18720F8A53AD9D79AAF5504C46F_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue_2419C18720F8A53AD9D79AAF5504C46F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral received with right to sell or repledge </link:label>
<link:label id="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue_2419C18720F8A53AD9D79AAF5504C46F_label_en-US" xlink:label="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValue_2419C18720F8A53AD9D79AAF5504C46F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Customer Securities for which Entity has Right to Sell or Repledge, Fair Value </link:label>
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<link:label id="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValueOfSecuritiesSoldOrRepledged_4E798B5F94DC3A220DAD9AAF550583DA_terseLabel_en-US" xlink:label="lab_us-gaap_CustomerSecuritiesForWhichEntityHasRightToSellOrRepledgeFairValueOfSecuritiesSoldOrRepledged_4E798B5F94DC3A220DAD9AAF550583DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral that was sold or repledged </link:label>
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<link:label id="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534_terseLabel_en-US" xlink:label="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest in Variable Interest Entity [Domain] </link:label>
<link:label id="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534_label_en-US" xlink:label="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest in Variable Interest Entity [Domain] </link:label>
<link:label id="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534_documentation_en-US" xlink:label="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_InterestInVariableInterestEntityDomain" xlink:label="loc_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:to="lab_ms_InterestInVariableInterestEntityDomain_7E7560A8D7B980D158989AAF53D50534" xlink:type="arc"/>
<link:label id="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9_terseLabel_en-US" xlink:label="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt and equity interests </link:label>
<link:label id="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9_label_en-US" xlink:label="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt and Equity Interests [Member] </link:label>
<link:label id="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9_documentation_en-US" xlink:label="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt and Equity Interests [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DebtandEquityInterestsMember" xlink:label="loc_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:to="lab_ms_DebtandEquityInterestsMember_A9478C088D5832DAD6E29AAF53D6AAE9" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative and other contracts </link:label>
<link:label id="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84_label_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments, Assets [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsAssetsMember" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84" xlink:to="lab_us-gaap_DerivativeFinancialInstrumentsAssetsMember_1E9CF790FD84AF9CB6DC9AAF53D68F84" xlink:type="arc"/>
<link:label id="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71_terseLabel_en-US" xlink:label="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commitments, guarantees and other </link:label>
<link:label id="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71_label_en-US" xlink:label="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments, Guarantees and Other </link:label>
<link:label id="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71_documentation_en-US" xlink:label="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_CommitmentsGuaranteesAndOtherMember" xlink:label="loc_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:to="lab_ms_CommitmentsGuaranteesAndOtherMember_8254B8D127550D17CD9A9AAF53D67D71" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative and other contracts </link:label>
<link:label id="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3_label_en-US" xlink:label="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Financial Instruments, Liabilities [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember" xlink:label="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3" xlink:to="lab_us-gaap_DerivativeFinancialInstrumentsLiabilitiesMember_B09CC34D641D461A04A69AAF53D6F6F3" xlink:type="arc"/>
<link:label id="lab_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> CDO </link:label>
<link:label id="lab_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3_label_en-US" xlink:label="lab_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateralized Debt Obligations [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollateralizedDebtObligationsMember" xlink:label="loc_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3" xlink:to="lab_us-gaap_CollateralizedDebtObligationsMember_AD3F3B6FEB59F24E63A19AAF53D737C3" xlink:type="arc"/>
<link:label id="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7_verboseLabel_en-US" xlink:label="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> MTOB </link:label>
<link:label id="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7_label_en-US" xlink:label="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Municipal Tender Option Bonds [Member] </link:label>
<link:label id="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7_documentation_en-US" xlink:label="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Municipal Tender Option Bonds </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MunicipalTenderOptionBondsMember" xlink:label="loc_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:to="lab_ms_MunicipalTenderOptionBondsMember_0D68BBDDFFD0F9363CA09AAF53D85EB7" xlink:type="arc"/>
<link:label id="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053_terseLabel_en-US" xlink:label="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> VIE assets (UPB) </link:label>
<link:label id="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053_label_en-US" xlink:label="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Reporting Entity Involvement, Unpaid Principal Balance, Amount </link:label>
<link:label id="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053_documentation_en-US" xlink:label="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The unpaid principal balance of Variable Interest Entity (VIE) assets, where the reporting entity is not the VIE’s primary beneficiary. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount" xlink:label="loc_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:to="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_D35E2E5545D12D9CD0139AAF53D84053" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum exposure to loss </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Reporting Entity Involvement, Maximum Loss Exposure, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount" xlink:label="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D" xlink:to="lab_us-gaap_VariableInterestEntityEntityMaximumLossExposureAmount_A50B42E08D0A48B603579AAF53D9975D" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying value of variable interests—Assets </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E" xlink:to="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_8892CD26C3ACE88347729AAF53D9A81E" xlink:type="arc"/>
<link:label id="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC_terseLabel_en-US" xlink:label="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional VIE assets owned </link:label>
<link:label id="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC_label_en-US" xlink:label="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Assets Issued by Securitization Special Purpose Entity </link:label>
<link:label id="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC_documentation_en-US" xlink:label="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Carrying value of total exposure to non-consolidated variable interest entities that does not meet the criteria for detailed breakout, primarily interests issued by securitization special purpose entities for which the maximum exposure to loss is less than specific thresholds. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity" xlink:label="loc_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:to="lab_ms_VariableInterestEntityAssetsIssuedBySecuritizationSpecialPurposeEntity_294F0F02BE808A57C0E79AAF53D983DC" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C_terseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying value of variable interests—Liabilities </link:label>
<link:label id="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C_label_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Variable Interest Entity, Nonconsolidated, Carrying Amount, Liabilities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C" xlink:to="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountLiabilities_D7E6CBB023FD35F190329AAF53D9DC0C" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncomeStatementAbstract_8C776FE943B6882FDFE29AAF573E804A_label_en-US" xlink:label="lab_us-gaap_IncomeStatementAbstract_8C776FE943B6882FDFE29AAF573E804A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Statement [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="loc_us-gaap_IncomeStatementAbstract_8C776FE943B6882FDFE29AAF573E804A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_IncomeStatementAbstract_8C776FE943B6882FDFE29AAF573E804A" xlink:to="lab_us-gaap_IncomeStatementAbstract_8C776FE943B6882FDFE29AAF573E804A" xlink:type="arc"/>
<link:label id="lab_us-gaap_RevenuesAbstract_334469332FE38EE1923A9AAF573E00D8_terseLabel_en-US" xlink:label="lab_us-gaap_RevenuesAbstract_334469332FE38EE1923A9AAF573E00D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenues </link:label>
<link:label id="lab_us-gaap_RevenuesAbstract_334469332FE38EE1923A9AAF573E00D8_label_en-US" xlink:label="lab_us-gaap_RevenuesAbstract_334469332FE38EE1923A9AAF573E00D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenues [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesAbstract" xlink:label="loc_us-gaap_RevenuesAbstract_334469332FE38EE1923A9AAF573E00D8" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InvestmentBankingRevenue_C12FD6C16B25AD87D90B9AAF573E4C12_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentBankingRevenue_C12FD6C16B25AD87D90B9AAF573E4C12" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment banking </link:label>
<link:label id="lab_us-gaap_InvestmentBankingRevenue_C12FD6C16B25AD87D90B9AAF573E4C12_label_en-US" xlink:label="lab_us-gaap_InvestmentBankingRevenue_C12FD6C16B25AD87D90B9AAF573E4C12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment Banking Revenue </link:label>
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<link:label id="lab_us-gaap_TradingGainsLosses_0571153036B515002DDD9AAF573FFDB7_terseLabel_en-US" xlink:label="lab_us-gaap_TradingGainsLosses_0571153036B515002DDD9AAF573FFDB7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TradingGainsLosses" xlink:label="loc_us-gaap_TradingGainsLosses_0571153036B515002DDD9AAF573FFDB7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PrincipalInvestmentGainsLosses_FA2BD43C6E5D9877D6CC9AAF573F4F99_terseLabel_en-US" xlink:label="lab_us-gaap_PrincipalInvestmentGainsLosses_FA2BD43C6E5D9877D6CC9AAF573F4F99" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:label id="lab_us-gaap_PrincipalInvestmentGainsLosses_FA2BD43C6E5D9877D6CC9AAF573F4F99_label_en-US" xlink:label="lab_us-gaap_PrincipalInvestmentGainsLosses_FA2BD43C6E5D9877D6CC9AAF573F4F99" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Principal Investment Gain (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PrincipalInvestmentGainsLosses" xlink:label="loc_us-gaap_PrincipalInvestmentGainsLosses_FA2BD43C6E5D9877D6CC9AAF573F4F99" xlink:type="locator"/>
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<link:label id="lab_us-gaap_BrokerageCommissionsRevenue_FC093C87E77916DCE3BC9AAF573F8543_terseLabel_en-US" xlink:label="lab_us-gaap_BrokerageCommissionsRevenue_FC093C87E77916DCE3BC9AAF573F8543" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commissions and fees </link:label>
<link:label id="lab_us-gaap_BrokerageCommissionsRevenue_FC093C87E77916DCE3BC9AAF573F8543_label_en-US" xlink:label="lab_us-gaap_BrokerageCommissionsRevenue_FC093C87E77916DCE3BC9AAF573F8543" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Brokerage Commissions Revenue </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_BrokerageCommissionsRevenue" xlink:label="loc_us-gaap_BrokerageCommissionsRevenue_FC093C87E77916DCE3BC9AAF573F8543" xlink:type="locator"/>
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<link:label id="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D_terseLabel_en-US" xlink:label="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Asset management </link:label>
<link:label id="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D_label_en-US" xlink:label="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Asset Management Fees </link:label>
<link:label id="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D_documentation_en-US" xlink:label="lab_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of fee revenue for the management of an investment fund portfolio, including performance-based fees. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_AssetManagementFees" xlink:label="loc_ms_AssetManagementFees_3ACFF48D64BA581EA9CB9AAF573F868D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_63E09D0AA74039EEC8759AAF57408821_verboseLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_63E09D0AA74039EEC8759AAF57408821" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_63E09D0AA74039EEC8759AAF57408821_label_en-US" xlink:label="lab_us-gaap_NoninterestIncomeOtherOperatingIncome_63E09D0AA74039EEC8759AAF57408821" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Income, Other Operating Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestIncomeOtherOperatingIncome" xlink:label="loc_us-gaap_NoninterestIncomeOtherOperatingIncome_63E09D0AA74039EEC8759AAF57408821" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestIncome_F57BEDBF3B1914C180389AAF5740DD13_totalLabel_en-US" xlink:label="lab_us-gaap_NoninterestIncome_F57BEDBF3B1914C180389AAF5740DD13" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total non-interest revenues </link:label>
<link:label id="lab_us-gaap_NoninterestIncome_F57BEDBF3B1914C180389AAF5740DD13_label_en-US" xlink:label="lab_us-gaap_NoninterestIncome_F57BEDBF3B1914C180389AAF5740DD13" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestIncome" xlink:label="loc_us-gaap_NoninterestIncome_F57BEDBF3B1914C180389AAF5740DD13" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestAndDividendIncomeOperating_219976C01F4C5149E8D69AAF5740F4E9_terseLabel_en-US" xlink:label="lab_us-gaap_InterestAndDividendIncomeOperating_219976C01F4C5149E8D69AAF5740F4E9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest income </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestAndDividendIncomeOperating" xlink:label="loc_us-gaap_InterestAndDividendIncomeOperating_219976C01F4C5149E8D69AAF5740F4E9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestExpense_403B3CDC3235831C7D9B9AAF57406F9E_terseLabel_en-US" xlink:label="lab_us-gaap_InterestExpense_403B3CDC3235831C7D9B9AAF57406F9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Interest expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestExpense" xlink:label="loc_us-gaap_InterestExpense_403B3CDC3235831C7D9B9AAF57406F9E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_RevenuesNetOfInterestExpense_BE02CF09650DECA2507E9AAF57416C51_totalLabel_en-US" xlink:label="lab_us-gaap_RevenuesNetOfInterestExpense_BE02CF09650DECA2507E9AAF57416C51" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net revenues </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_RevenuesNetOfInterestExpense" xlink:label="loc_us-gaap_RevenuesNetOfInterestExpense_BE02CF09650DECA2507E9AAF57416C51" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoninterestExpenseAbstract_7F65EC258C79065652449AAF57415E50_terseLabel_en-US" xlink:label="lab_us-gaap_NoninterestExpenseAbstract_7F65EC258C79065652449AAF57415E50" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-interest expenses </link:label>
<link:label id="lab_us-gaap_NoninterestExpenseAbstract_7F65EC258C79065652449AAF57415E50_label_en-US" xlink:label="lab_us-gaap_NoninterestExpenseAbstract_7F65EC258C79065652449AAF57415E50" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noninterest Expense [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoninterestExpenseAbstract" xlink:label="loc_us-gaap_NoninterestExpenseAbstract_7F65EC258C79065652449AAF57415E50" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LaborAndRelatedExpense_B7DCD730E5205F5669139AAF5741C3C0_terseLabel_en-US" xlink:label="lab_us-gaap_LaborAndRelatedExpense_B7DCD730E5205F5669139AAF5741C3C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Compensation and benefits </link:label>
<link:label id="lab_us-gaap_LaborAndRelatedExpense_B7DCD730E5205F5669139AAF5741C3C0_label_en-US" xlink:label="lab_us-gaap_LaborAndRelatedExpense_B7DCD730E5205F5669139AAF5741C3C0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Labor and Related Expense </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LaborAndRelatedExpense" xlink:label="loc_us-gaap_LaborAndRelatedExpense_B7DCD730E5205F5669139AAF5741C3C0" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FloorBrokerageExchangeAndClearanceFees_43FC4955EA63F1D565309AAF57418C82_terseLabel_en-US" xlink:label="lab_us-gaap_FloorBrokerageExchangeAndClearanceFees_43FC4955EA63F1D565309AAF57418C82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Brokerage, clearing and exchange fees </link:label>
<link:label id="lab_us-gaap_FloorBrokerageExchangeAndClearanceFees_43FC4955EA63F1D565309AAF57418C82_label_en-US" xlink:label="lab_us-gaap_FloorBrokerageExchangeAndClearanceFees_43FC4955EA63F1D565309AAF57418C82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Floor Brokerage, Exchange and Clearance Fees </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FloorBrokerageExchangeAndClearanceFees" xlink:label="loc_us-gaap_FloorBrokerageExchangeAndClearanceFees_43FC4955EA63F1D565309AAF57418C82" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommunicationsAndInformationTechnology_01370DA1C7E6316F1FB39AAF5742ED95_terseLabel_en-US" xlink:label="lab_us-gaap_CommunicationsAndInformationTechnology_01370DA1C7E6316F1FB39AAF5742ED95" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Information processing and communications </link:label>
<link:label id="lab_us-gaap_CommunicationsAndInformationTechnology_01370DA1C7E6316F1FB39AAF5742ED95_label_en-US" xlink:label="lab_us-gaap_CommunicationsAndInformationTechnology_01370DA1C7E6316F1FB39AAF5742ED95" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Communications and Information Technology </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommunicationsAndInformationTechnology" xlink:label="loc_us-gaap_CommunicationsAndInformationTechnology_01370DA1C7E6316F1FB39AAF5742ED95" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ProfessionalFees_51105823A4A8D675A76C9AAF57425180_terseLabel_en-US" xlink:label="lab_us-gaap_ProfessionalFees_51105823A4A8D675A76C9AAF57425180" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Professional services </link:label>
<link:label id="lab_us-gaap_ProfessionalFees_51105823A4A8D675A76C9AAF57425180_label_en-US" xlink:label="lab_us-gaap_ProfessionalFees_51105823A4A8D675A76C9AAF57425180" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Professional Fees </link:label>
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<link:label id="lab_us-gaap_OccupancyNet_2226299FAEBF898191C79AAF57423831_terseLabel_en-US" xlink:label="lab_us-gaap_OccupancyNet_2226299FAEBF898191C79AAF57423831" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Occupancy and equipment </link:label>
<link:label id="lab_us-gaap_OccupancyNet_2226299FAEBF898191C79AAF57423831_label_en-US" xlink:label="lab_us-gaap_OccupancyNet_2226299FAEBF898191C79AAF57423831" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Occupancy, Net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OccupancyNet" xlink:label="loc_us-gaap_OccupancyNet_2226299FAEBF898191C79AAF57423831" xlink:type="locator"/>
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<link:label id="lab_us-gaap_MarketingAndAdvertisingExpense_11BA7D42E69C47B0E5359AAF5742A75E_terseLabel_en-US" xlink:label="lab_us-gaap_MarketingAndAdvertisingExpense_11BA7D42E69C47B0E5359AAF5742A75E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Marketing and business development </link:label>
<link:label id="lab_us-gaap_MarketingAndAdvertisingExpense_11BA7D42E69C47B0E5359AAF5742A75E_label_en-US" xlink:label="lab_us-gaap_MarketingAndAdvertisingExpense_11BA7D42E69C47B0E5359AAF5742A75E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Marketing and Advertising Expense </link:label>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_97F136B49C09D52703099AAF56BDCEBF_totalLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsAtCarryingValue_97F136B49C09D52703099AAF56BDCEBF" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total Cash and cash equivalents </link:label>
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<link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_FFD65A850E43735649FC9AAF56BD2B79_terseLabel_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_FFD65A850E43735649FC9AAF56BD2B79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Restricted cash </link:label>
<link:label id="lab_us-gaap_RestrictedCashAndCashEquivalents_FFD65A850E43735649FC9AAF56BD2B79_label_en-US" xlink:label="lab_us-gaap_RestrictedCashAndCashEquivalents_FFD65A850E43735649FC9AAF56BD2B79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Restricted Cash and Cash Equivalents </link:label>
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<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_72080F139874F12D93C59AAF5430202D_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_72080F139874F12D93C59AAF5430202D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Consolidated VIEs </link:label>
<link:label id="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_72080F139874F12D93C59AAF5430202D_label_en-US" xlink:label="lab_us-gaap_ScheduleOfVariableInterestEntitiesTextBlock_72080F139874F12D93C59AAF5430202D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Variable Interest Entities [Table Text Block] </link:label>
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<link:label id="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4_verboseLabel_en-US" xlink:label="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Non-Consolidated VIEs </link:label>
<link:label id="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4_label_en-US" xlink:label="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Non-Consolidated Variable Interest Entities [Text Block] </link:label>
<link:label id="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4_documentation_en-US" xlink:label="lab_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule of Non-Consolidated Variable Interest Entities. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock" xlink:label="loc_ms_ScheduleOfNonConsolidatedVariableInterestEntitiesTextBlock_D32B16F0B411E43A87549AAF543057D4" xlink:type="locator"/>
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<link:label id="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2_terseLabel_en-US" xlink:label="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Mortgage- and Asset-Backed Securitization Assets </link:label>
<link:label id="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2_label_en-US" xlink:label="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Mortgage-Backed and Asset-Backed Securitization Assets [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2_documentation_en-US" xlink:label="lab_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule of Mortgage-Backed and Asset-Backed Securitization Assets [Table Text Block] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock" xlink:label="loc_ms_ScheduleofMortgageBackedandAssetBackedSecuritizationAssetsTableTextBlock_7DD0019B93EF3DF12DB69AAF54301BB2" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock_0B99191F45B3AC67B2AD9AAF5431586D_terseLabel_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock_0B99191F45B3AC67B2AD9AAF5431586D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Transferred Assets with Continuing Involvement </link:label>
<link:label id="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock_0B99191F45B3AC67B2AD9AAF5431586D_label_en-US" xlink:label="lab_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock_0B99191F45B3AC67B2AD9AAF5431586D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfer of Financial Assets Accounted for as Sales [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock" xlink:label="loc_us-gaap_TransferOfFinancialAssetsAccountedForAsSalesTableTextBlock_0B99191F45B3AC67B2AD9AAF5431586D" xlink:type="locator"/>
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<link:label id="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Proceeds from New Securitization Transactions and Sales of Loans </link:label>
<link:label id="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159_label_en-US" xlink:label="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule Of Proceeds From Securitization Transactions [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159_documentation_en-US" xlink:label="lab_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of the proceeds received from securitization activities. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock" xlink:label="loc_ms_ScheduleOfProceedsFromSecuritizationTransactionsTableTextBlock_8DD6AFD6F3FCC5B6EABD9AAF5431E159" xlink:type="locator"/>
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<link:label id="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Assets Sold with Retained Exposure </link:label>
<link:label id="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE_label_en-US" xlink:label="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Bilateral Equity Derivatives [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE_documentation_en-US" xlink:label="lab_ms_ScheduleOfBilateralEquityDerivativesTableTextBlock_EFF146F1D4B4AD80F7339AAF54316ADE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of bilateral equity derivatives, which the entity retains to the exposure to the underlying securities. </link:label>
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<link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_7AF93F2150EF96CE53D99AAF5281D4A4_terseLabel_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_7AF93F2150EF96CE53D99AAF5281D4A4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Segment, Geographic and Revenue Information </link:label>
<link:label id="lab_us-gaap_SegmentReportingDisclosureTextBlock_7AF93F2150EF96CE53D99AAF5281D4A4_label_en-US" xlink:label="lab_us-gaap_SegmentReportingDisclosureTextBlock_7AF93F2150EF96CE53D99AAF5281D4A4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Segment Reporting Disclosure [Text Block] </link:label>
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<link:label id="lab_ms_TroubledDebtRestructuringAbstract_F07630127E2C8DF9D4E99AAF54C37B9E_terseLabel_en-US" xlink:label="lab_ms_TroubledDebtRestructuringAbstract_F07630127E2C8DF9D4E99AAF54C37B9E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Troubled Debt Restructurings </link:label>
<link:label id="lab_ms_TroubledDebtRestructuringAbstract_F07630127E2C8DF9D4E99AAF54C37B9E_label_en-US" xlink:label="lab_ms_TroubledDebtRestructuringAbstract_F07630127E2C8DF9D4E99AAF54C37B9E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Troubled Debt Restructuring [Abstract] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_26C4F0DB162D9AEBBB2B9AAF54C34F8D_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_26C4F0DB162D9AEBBB2B9AAF54C34F8D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans, before ACL </link:label>
<link:label id="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_26C4F0DB162D9AEBBB2B9AAF54C34F8D_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableModificationsRecordedInvestment_26C4F0DB162D9AEBBB2B9AAF54C34F8D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring </link:label>
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<link:label id="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9_terseLabel_en-US" xlink:label="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lending commitments </link:label>
<link:label id="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9_label_en-US" xlink:label="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loan Commitment, Modifications </link:label>
<link:label id="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9_documentation_en-US" xlink:label="lab_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The amount of legally binding loan origination and purchase agreements that have been modified by troubled debt restructurings. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LoanCommitmentModifications" xlink:label="loc_ms_LoanCommitmentModifications_D63B03CF1E3B1639190D9AAF54C326B9" xlink:type="locator"/>
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<link:label id="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6_terseLabel_en-US" xlink:label="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> ACL on Loans and Lending commitments </link:label>
<link:label id="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6_label_en-US" xlink:label="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring, Allowance for Credit Losses </link:label>
<link:label id="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6_documentation_en-US" xlink:label="lab_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of valuation allowance for financing receivables modified as troubled debt restructuring. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses" xlink:label="loc_ms_FinancingReceivableTroubledDebtRestructuringAllowanceForCreditLosses_59DCA59157976CE1A6CE9AAF54C39CB6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SecuritiesAssetsMember_EA8A2A5B4FFC2701DA30A4700CB5832D_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesAssetsMember_EA8A2A5B4FFC2701DA30A4700CB5832D" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Debt and equity interests </link:label>
<link:label id="lab_us-gaap_SecuritiesAssetsMember_EA8A2A5B4FFC2701DA30A4700CB5832D_label_en-US" xlink:label="lab_us-gaap_SecuritiesAssetsMember_EA8A2A5B4FFC2701DA30A4700CB5832D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities (Assets) [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesAssetsMember" xlink:label="loc_us-gaap_SecuritiesAssetsMember_EA8A2A5B4FFC2701DA30A4700CB5832D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674_verboseLabel_en-US" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Residential mortgages </link:label>
<link:label id="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674_label_en-US" xlink:label="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Residential Mortgage Backed Securities [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ResidentialMortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674" xlink:to="lab_us-gaap_ResidentialMortgageBackedSecuritiesMember_205635809655B5E8DDDCA4700CB60674" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_9356B85E53604D918D3AA4700CB759E7_terseLabel_en-US" xlink:label="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_9356B85E53604D918D3AA4700CB759E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commercial mortgages </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommercialMortgageBackedSecuritiesMember" xlink:label="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_9356B85E53604D918D3AA4700CB759E7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommercialMortgageBackedSecuritiesMember_9356B85E53604D918D3AA4700CB759E7" xlink:to="lab_us-gaap_CommercialMortgageBackedSecuritiesMember_9356B85E53604D918D3AA4700CB759E7" xlink:type="arc"/>
<link:label id="lab_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_8DECFD6D756850E291C9A4700CB710A7_netLabel_en-US" xlink:label="lab_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_8DECFD6D756850E291C9A4700CB710A7" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:type="resource" xml:lang="en-US"> U.S. agency collateralized mortgage obligations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember" xlink:label="loc_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_8DECFD6D756850E291C9A4700CB710A7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_8DECFD6D756850E291C9A4700CB710A7" xlink:to="lab_us-gaap_MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember_8DECFD6D756850E291C9A4700CB710A7" xlink:type="arc"/>
<link:label id="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6_verboseLabel_en-US" xlink:label="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other consumer or commercial loans </link:label>
<link:label id="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6_label_en-US" xlink:label="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Consumer and Commercial Loans [Member] </link:label>
<link:label id="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6_documentation_en-US" xlink:label="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherConsumerAndCommercialLoansMember" xlink:label="loc_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:to="lab_ms_OtherConsumerAndCommercialLoansMember_2844D609B7140D8E30FCA4700CB7DFB6" xlink:type="arc"/>
<link:label id="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_C03F5C4DBCF39D1F4D04A4700CB80378_verboseLabel_en-US" xlink:label="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_C03F5C4DBCF39D1F4D04A4700CB80378" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> UPB </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount" xlink:label="loc_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_C03F5C4DBCF39D1F4D04A4700CB80378" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_C03F5C4DBCF39D1F4D04A4700CB80378" xlink:to="lab_ms_VariableInterestEntityReportingEntityInvolvementUnpaidPrincipalBalanceAmount_C03F5C4DBCF39D1F4D04A4700CB80378" xlink:type="arc"/>
<link:label id="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_E107203E22916480F80DA4700CB8CA0B_verboseLabel_en-US" xlink:label="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_E107203E22916480F80DA4700CB8CA0B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Debt and Equity Interests </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets" xlink:label="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_E107203E22916480F80DA4700CB8CA0B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_E107203E22916480F80DA4700CB8CA0B" xlink:to="lab_us-gaap_VariableInterestEntityNonconsolidatedCarryingAmountAssets_E107203E22916480F80DA4700CB8CA0B" xlink:type="arc"/>
<link:label id="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_D9261BCAF7D6334072759AAF569ECB9A_verboseLabel_en-US" xlink:label="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_D9261BCAF7D6334072759AAF569ECB9A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other sovereign government obligations </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ForeignGovernmentDebtSecuritiesMember" xlink:label="loc_us-gaap_ForeignGovernmentDebtSecuritiesMember_D9261BCAF7D6334072759AAF569ECB9A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ForeignGovernmentDebtSecuritiesMember_D9261BCAF7D6334072759AAF569ECB9A" xlink:to="lab_us-gaap_ForeignGovernmentDebtSecuritiesMember_D9261BCAF7D6334072759AAF569ECB9A" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 1, 2 and 3 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel12And3Member" xlink:label="loc_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D" xlink:to="lab_us-gaap_FairValueInputsLevel12And3Member_D95FAD17E4D1FB23F2E49AAF56A1E12D" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Level 1 </link:label>
<link:label id="lab_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5_label_en-US" xlink:label="lab_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Inputs, Level 1 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="loc_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5" xlink:to="lab_us-gaap_FairValueInputsLevel1Member_E236050251046BD200B39AAF56A14AF5" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52_terseLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity securities </link:label>
<link:label id="lab_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52_label_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Securities, FV-NI </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesFvNi" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52" xlink:to="lab_us-gaap_EquitySecuritiesFvNi_FDBB57D7833D90C969B79AAF56A68B52" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssets_23727640CC3859D5DC839AAF56A6F10C_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssets_23727640CC3859D5DC839AAF56A6F10C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative and other contracts </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssets" xlink:label="loc_us-gaap_DerivativeAssets_23727640CC3859D5DC839AAF56A6F10C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssets_23727640CC3859D5DC839AAF56A6F10C" xlink:to="lab_us-gaap_DerivativeAssets_23727640CC3859D5DC839AAF56A6F10C" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_19D618F978B4AF0310E99AAF56A6FD76_negatedTerseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_19D618F978B4AF0310E99AAF56A6FD76" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US"> Netting </link:label>
<link:label id="lab_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_19D618F978B4AF0310E99AAF56A6FD76_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_19D618F978B4AF0310E99AAF56A6FD76" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Fair Value, Gross Liability and Obligation to Return Cash, Offset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset" xlink:label="loc_us-gaap_DerivativeAssetFairValueGrossLiabilityAndObligationToReturnCashOffset_19D618F978B4AF0310E99AAF56A6FD76" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InvestmentsFairValueDisclosure_DB443268CF32287980679AAF56A63818_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentsFairValueDisclosure_DB443268CF32287980679AAF56A63818" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentsFairValueDisclosure" xlink:label="loc_us-gaap_InvestmentsFairValueDisclosure_DB443268CF32287980679AAF56A63818" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Physical commodities </link:label>
<link:label id="lab_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC_label_en-US" xlink:label="lab_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment in Physical Commodities, Fair Value Disclosure </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure" xlink:label="loc_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC" xlink:to="lab_us-gaap_InvestmentInPhysicalCommoditiesFairValueDisclosure_8484FB4FC841F1401BE19AAF56A672DC" xlink:type="arc"/>
<link:label id="lab_ms_TradingAssetsFairValueDisclosure_0E95ED1435DD3BC6B14D9AAF56A7463F_totalLabel_en-US" xlink:label="lab_ms_TradingAssetsFairValueDisclosure_0E95ED1435DD3BC6B14D9AAF56A7463F" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total trading assets </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TradingAssetsFairValueDisclosure" xlink:label="loc_ms_TradingAssetsFairValueDisclosure_0E95ED1435DD3BC6B14D9AAF56A7463F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_TradingAssetsFairValueDisclosure_0E95ED1435DD3BC6B14D9AAF56A7463F" xlink:to="lab_ms_TradingAssetsFairValueDisclosure_0E95ED1435DD3BC6B14D9AAF56A7463F" xlink:type="arc"/>
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<link:loc xlink:href="ms-20200630.xsd#ms_TranchedIndexAndBasketCreditDefaultSwapMember" xlink:label="loc_ms_TranchedIndexAndBasketCreditDefaultSwapMember_E2A28BC6F599CC880DEB9AAF55840961" xlink:type="locator"/>
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<link:label id="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability_138C5CD2505B521D0FE29AAF5525C78B_label_en-US" xlink:label="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResellLiability_138C5CD2505B521D0FE29AAF5525C78B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Purchased under Agreements to Resell, Liability </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash" xlink:label="loc_us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash_540135393EC788B5DB1B9AAF5526294D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash_540135393EC788B5DB1B9AAF5526294D" xlink:to="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResellCollateralObligationToReturnCash_540135393EC788B5DB1B9AAF5526294D" xlink:type="arc"/>
<link:label id="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResellAmountOffsetAgainstCollateral_D7228D6BC00D6B5B152F9AAF5526D257_totalLabel_en-US" xlink:label="lab_us-gaap_SecuritiesPurchasedUnderAgreementsToResellAmountOffsetAgainstCollateral_D7228D6BC00D6B5B152F9AAF5526D257" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Net amounts </link:label>
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<link:label id="lab_us-gaap_SecuritiesBorrowedAbstract_09879C88BFF4C7A3D8A99AAF5526828F_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesBorrowedAbstract_09879C88BFF4C7A3D8A99AAF5526828F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities borrowed </link:label>
<link:label id="lab_us-gaap_SecuritiesBorrowedAbstract_09879C88BFF4C7A3D8A99AAF5526828F_label_en-US" xlink:label="lab_us-gaap_SecuritiesBorrowedAbstract_09879C88BFF4C7A3D8A99AAF5526828F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Borrowed [Abstract] </link:label>
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<link:label id="lab_us-gaap_SecuritiesBorrowedGrossIncludingNotSubjectToMasterNettingArrangement_07B6C672E09727717BC89AAF55262084_terseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesBorrowedGrossIncludingNotSubjectToMasterNettingArrangement_07B6C672E09727717BC89AAF55262084" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Gross amounts </link:label>
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<link:label id="lab_srt_MinimumFinancialRequirementsForFuturesCommissionMerchantsUnderCommodityExchangeActTextBlock_00E13CD83A11FC38A3159AAF539586F5_terseLabel_en-US" xlink:label="lab_srt_MinimumFinancialRequirementsForFuturesCommissionMerchantsUnderCommodityExchangeActTextBlock_00E13CD83A11FC38A3159AAF539586F5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Broker-Dealer Regulatory Capital Requirements </link:label>
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<link:label id="lab_ms_SavingsAndDemandDeposits_4EF88915C77CAA20917A9AAF54866176_terseLabel_en-US" xlink:label="lab_ms_SavingsAndDemandDeposits_4EF88915C77CAA20917A9AAF54866176" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Savings and demand deposits </link:label>
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<link:label id="lab_us-gaap_TimeDeposits_BED57E340DEA78DFD2CB9AAF548658C4_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDeposits_BED57E340DEA78DFD2CB9AAF548658C4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Time deposits </link:label>
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<link:label id="lab_us-gaap_CashFDICInsuredAmount_57A8EFB6BF73F36127639AAF54871BBF_terseLabel_en-US" xlink:label="lab_us-gaap_CashFDICInsuredAmount_57A8EFB6BF73F36127639AAF54871BBF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deposits subject to FDIC insurance </link:label>
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<link:label id="lab_us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_056557C656D0E8AF4B9C9AAF5487BF2B_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositsAtOrAboveFDICInsuranceLimit_056557C656D0E8AF4B9C9AAF5487BF2B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Time deposits that equal or exceed the FDIC insurance limit </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear_70AF6843E121AB9FB49A9AAF5480741C_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesRemainderOfFiscalYear_70AF6843E121AB9FB49A9AAF5480741C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2020 </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesYearTwo_FFA584B7366EA15C1C759AAF5480D212_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearTwo_FFA584B7366EA15C1C759AAF5480D212" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities, Year Two </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesYearThree_788175F404EC850572739AAF54805188_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearThree_788175F404EC850572739AAF54805188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2022 </link:label>
<link:label id="lab_us-gaap_TimeDepositMaturitiesYearThree_788175F404EC850572739AAF54805188_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearThree_788175F404EC850572739AAF54805188" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities, Year Three </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesYearFour_FFA365A827B427959A619AAF5481CF20_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearFour_FFA365A827B427959A619AAF5481CF20" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2023 </link:label>
<link:label id="lab_us-gaap_TimeDepositMaturitiesYearFour_FFA365A827B427959A619AAF5481CF20_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearFour_FFA365A827B427959A619AAF5481CF20" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities, Year Four </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesYearFive_3759FFE8C8D4DB3A6A229AAF5481A028_terseLabel_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearFive_3759FFE8C8D4DB3A6A229AAF5481A028" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2024 </link:label>
<link:label id="lab_us-gaap_TimeDepositMaturitiesYearFive_3759FFE8C8D4DB3A6A229AAF5481A028_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesYearFive_3759FFE8C8D4DB3A6A229AAF5481A028" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities, Year Five </link:label>
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<link:label id="lab_us-gaap_TimeDepositMaturitiesAfterYearFive_8BD3245EF1872D78BFB99AAF5481735F_label_en-US" xlink:label="lab_us-gaap_TimeDepositMaturitiesAfterYearFive_8BD3245EF1872D78BFB99AAF5481735F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Time Deposit Maturities, after Year Five </link:label>
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<link:label id="lab_us-gaap_TimeDeposits_413207C135216A41DBB69AAF5481C29E_totalLabel_en-US" xlink:label="lab_us-gaap_TimeDeposits_413207C135216A41DBB69AAF5481C29E" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
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<link:label id="lab_srt_NetCapital_4ED6729C4FA255F854C99AAF536AC5D1_terseLabel_en-US" xlink:label="lab_srt_NetCapital_4ED6729C4FA255F854C99AAF536AC5D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net capital </link:label>
<link:label id="lab_srt_NetCapital_4ED6729C4FA255F854C99AAF536AC5D1_label_en-US" xlink:label="lab_srt_NetCapital_4ED6729C4FA255F854C99AAF536AC5D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Broker-Dealer, Net Capital </link:label>
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<link:label id="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulationAndCommodityExchangeAct_7542BAD61C948E3949F59AAF536A432B_terseLabel_en-US" xlink:label="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulationAndCommodityExchangeAct_7542BAD61C948E3949F59AAF536A432B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Excess net capital </link:label>
<link:label id="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulationAndCommodityExchangeAct_7542BAD61C948E3949F59AAF536A432B_label_en-US" xlink:label="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulationAndCommodityExchangeAct_7542BAD61C948E3949F59AAF536A432B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Capital Excess (Shortage) under Securities and Exchange Commission Regulation and Commodity Exchange Act </link:label>
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<link:label id="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353_terseLabel_en-US" xlink:label="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Excess net capital </link:label>
<link:label id="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353_label_en-US" xlink:label="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Net Capital Excess (Shortage) under Securities and Exchange Commission Regulation </link:label>
<link:label id="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353_documentation_en-US" xlink:label="lab_ms_NetCapitalExcessShortageUnderSecuritiesAndExchangeCommissionRegulation_0FED66471ABAA00E05FC9AAF536A1353" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The amount by which actual net capital exceeds (does not exceed) required net capital under the Securities and Exchange Commission regulations. </link:label>
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<link:label id="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_54E7C9E6D4C018671DB29AAF56D6A4E2_label_en-US" xlink:label="lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract_54E7C9E6D4C018671DB29AAF56D6A4E2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Organization, Consolidation and Presentation of Financial Statements [Abstract] </link:label>
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<link:label id="lab_us-gaap_ScheduleOfDebtTableTextBlock_BC7E7498201E930D04809AAF54779E23_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtTableTextBlock_BC7E7498201E930D04809AAF54779E23" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Borrowings </link:label>
<link:label id="lab_us-gaap_ScheduleOfDebtTableTextBlock_BC7E7498201E930D04809AAF54779E23_label_en-US" xlink:label="lab_us-gaap_ScheduleOfDebtTableTextBlock_BC7E7498201E930D04809AAF54779E23" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Debt [Table Text Block] </link:label>
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<link:label id="lab_ms_ScheduleOfOtherSecuredFinancingTextBlock_3215B74ED0DE8C2DE3599AAF5478EE82_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfOtherSecuredFinancingTextBlock_3215B74ED0DE8C2DE3599AAF5478EE82" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Other Secured Financings </link:label>
<link:label id="lab_ms_ScheduleOfOtherSecuredFinancingTextBlock_3215B74ED0DE8C2DE3599AAF5478EE82_label_en-US" xlink:label="lab_ms_ScheduleOfOtherSecuredFinancingTextBlock_3215B74ED0DE8C2DE3599AAF5478EE82" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Other Secured Financing [Text Block] </link:label>
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<link:label id="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_7080FDAC6668E7945A089AAF56D0070A_terseLabel_en-US" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_7080FDAC6668E7945A089AAF56D0070A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Basis of Financial Information </link:label>
<link:label id="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_7080FDAC6668E7945A089AAF56D0070A_label_en-US" xlink:label="lab_us-gaap_BasisOfAccountingPolicyPolicyTextBlock_7080FDAC6668E7945A089AAF56D0070A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Basis of Accounting, Policy [Policy Text Block] </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="loc_us-gaap_ConsolidationPolicyTextBlock_7CDC9F6203195D3A05AC9AAF56D1BF2D" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6_terseLabel_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounting Updates Adopted </link:label>
<link:label id="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6_label_en-US" xlink:label="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> New Accounting Pronouncements, Policy [Policy Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6" xlink:to="lab_us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock_EA51410CA6B18AFC382D9AAF56D1C1D6" xlink:type="arc"/>
<link:label id="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8_terseLabel_en-US" xlink:label="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities-based lending </link:label>
<link:label id="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8_label_en-US" xlink:label="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities-Based Lending [Member] </link:label>
<link:label id="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8_documentation_en-US" xlink:label="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Securities-Based Lending [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritiesBasedLendingMember" xlink:label="loc_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:to="lab_ms_SecuritiesBasedLendingMember_15D4BF88A424E1F3C4BE9AAF54DAC7C8" xlink:type="arc"/>
<link:label id="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6_terseLabel_en-US" xlink:label="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other </link:label>
<link:label id="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6_label_en-US" xlink:label="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Loans [Member] </link:label>
<link:label id="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6_documentation_en-US" xlink:label="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Other Loans [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherLoansMember" xlink:label="loc_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:to="lab_ms_OtherLoansMember_1A75405F2433D026EB0E9AAF54DAF2D6" xlink:type="arc"/>
<link:label id="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40_terseLabel_en-US" xlink:label="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Rating, Internal [Axis] </link:label>
<link:label id="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40_label_en-US" xlink:label="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Rating, Internal [Axis] </link:label>
<link:label id="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40_documentation_en-US" xlink:label="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Credit Rating, Internal [Axis] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditRatingInternalAxis" xlink:label="loc_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:to="lab_ms_CreditRatingInternalAxis_E3584659C0D63C2044B69AAF54DAEA40" xlink:type="arc"/>
<link:label id="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308_terseLabel_en-US" xlink:label="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Rating, Internal [Domain] </link:label>
<link:label id="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308_label_en-US" xlink:label="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Rating, Internal [Domain] </link:label>
<link:label id="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308_documentation_en-US" xlink:label="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> [Domain] for Credit Rating, Internal [Axis] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CreditRatingInternalDomain" xlink:label="loc_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:to="lab_ms_CreditRatingInternalDomain_2A3BB5EBB814841A073D9AAF54DBD308" xlink:type="arc"/>
<link:label id="lab_ms_InvestmentGradeMember_4006AC8008227B9FA07A9AAF54DBCA1B_terseLabel_en-US" xlink:label="lab_ms_InvestmentGradeMember_4006AC8008227B9FA07A9AAF54DBCA1B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment Grade </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InvestmentGradeMember" xlink:label="loc_ms_InvestmentGradeMember_4006AC8008227B9FA07A9AAF54DBCA1B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_InvestmentGradeMember_4006AC8008227B9FA07A9AAF54DBCA1B" xlink:to="lab_ms_InvestmentGradeMember_4006AC8008227B9FA07A9AAF54DBCA1B" xlink:type="arc"/>
<link:label id="lab_ms_NoninvestmentGradeMember_DA84B8AC18623F39DA489AAF54DBC664_terseLabel_en-US" xlink:label="lab_ms_NoninvestmentGradeMember_DA84B8AC18623F39DA489AAF54DBC664" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Investment Grade </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NoninvestmentGradeMember" xlink:label="loc_ms_NoninvestmentGradeMember_DA84B8AC18623F39DA489AAF54DBC664" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NoninvestmentGradeMember_DA84B8AC18623F39DA489AAF54DBC664" xlink:to="lab_ms_NoninvestmentGradeMember_DA84B8AC18623F39DA489AAF54DBC664" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787_terseLabel_en-US" xlink:label="lab_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Score, FICO [Axis] </link:label>
<link:label id="lab_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787_label_en-US" xlink:label="lab_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Score, FICO [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditScoreFicoAxis" xlink:label="loc_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787" xlink:to="lab_us-gaap_CreditScoreFicoAxis_CE8C3FAF92094BD186CA9AAF54DC5787" xlink:type="arc"/>
<link:label id="lab_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03_terseLabel_en-US" xlink:label="lab_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Score, FICO [Domain] </link:label>
<link:label id="lab_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03_label_en-US" xlink:label="lab_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Credit Score, FICO [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CreditScoreFicoDomain" xlink:label="loc_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03" xlink:to="lab_us-gaap_CreditScoreFicoDomain_55A99179865F56B4CF459AAF54DCEF03" xlink:type="arc"/>
<link:label id="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE_terseLabel_en-US" xlink:label="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Greater than or equal to 740 </link:label>
<link:label id="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE_label_en-US" xlink:label="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> FICO Score, Greater than or Equal to 740 [Member] </link:label>
<link:label id="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE_documentation_en-US" xlink:label="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> FICO Score, Greater than or Equal to 740 [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FICOScoreGreaterthanorEqualto740Member" xlink:label="loc_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:to="lab_ms_FICOScoreGreaterthanorEqualto740Member_442D6834FF5ACA9794369AAF54DC0ADE" xlink:type="arc"/>
<link:label id="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B_terseLabel_en-US" xlink:label="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 680-739 </link:label>
<link:label id="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B_label_en-US" xlink:label="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> FICO Score, Between 680 and 739 [Member] </link:label>
<link:label id="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B_documentation_en-US" xlink:label="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> FICO Score, Between 680 and 739 [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FICOScoreBetween680and739Member" xlink:label="loc_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:to="lab_ms_FICOScoreBetween680and739Member_A5A8E190DE63EF413C079AAF54DCBB9B" xlink:type="arc"/>
<link:label id="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89_terseLabel_en-US" xlink:label="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less than or equal to 679 </link:label>
<link:label id="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89_label_en-US" xlink:label="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> FICO Score, Less than 680 [Member] </link:label>
<link:label id="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89_documentation_en-US" xlink:label="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> FICO Score, Less than 680 [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_FICOScoreLessthan680Member" xlink:label="loc_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:to="lab_ms_FICOScoreLessthan680Member_369274FDED5986331B049AAF54DCFA89" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7_terseLabel_en-US" xlink:label="lab_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt-to-Value [Axis] </link:label>
<link:label id="lab_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7_label_en-US" xlink:label="lab_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt-to-Value [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoanToValueAxis" xlink:label="loc_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7" xlink:to="lab_us-gaap_LoanToValueAxis_93CAB8D272242B3B52289AAF54DD53E7" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74_terseLabel_en-US" xlink:label="lab_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt-to-Value [Domain] </link:label>
<link:label id="lab_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74_label_en-US" xlink:label="lab_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt-to-Value [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoanToValueDomain" xlink:label="loc_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74" xlink:to="lab_us-gaap_LoanToValueDomain_4F5FFACB378B880BA6369AAF54DD9E74" xlink:type="arc"/>
<link:label id="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C_terseLabel_en-US" xlink:label="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Less than or equal to 80% </link:label>
<link:label id="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C_label_en-US" xlink:label="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt-to-Value Ratio, Less than or Equal to 80 Percent [Member] </link:label>
<link:label id="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C_documentation_en-US" xlink:label="lab_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt-to-Value Ratio, Less than or Equal to 80 Percent [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DebttoValueRatioLessthanorEqualto80PercentMember" xlink:label="loc_ms_DebttoValueRatioLessthanorEqualto80PercentMember_6DD6555664ED4FC2014E9AAF54DD164C" xlink:type="locator"/>
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<link:label id="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107_terseLabel_en-US" xlink:label="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Greater than 80% </link:label>
<link:label id="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107_label_en-US" xlink:label="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt-to-Value Ratio, Greater than 80 Percent [Member] </link:label>
<link:label id="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107_documentation_en-US" xlink:label="lab_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Debt-to-Value Ratio, Greater than 80 Percent [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DebttoValueRatioGreaterthan80PercentMember" xlink:label="loc_ms_DebttoValueRatioGreaterthan80PercentMember_E72CD6CF4AFD4B14340A9AAF54DED107" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableRevolving_89EF43A6783B17DC99D69AAF54DED997_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableRevolving_89EF43A6783B17DC99D69AAF54DED997" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revolving Loans </link:label>
<link:label id="lab_us-gaap_FinancingReceivableRevolving_89EF43A6783B17DC99D69AAF54DED997_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableRevolving_89EF43A6783B17DC99D69AAF54DED997" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Revolving </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableRevolving" xlink:label="loc_us-gaap_FinancingReceivableRevolving_89EF43A6783B17DC99D69AAF54DED997" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2020 </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated in Current Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514" xlink:to="lab_us-gaap_FinancingReceivableOriginatedInCurrentFiscalYear_F909BC232D63016E37699AAF54DE7514" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2019 </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated in Fiscal Year before Latest Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3" xlink:to="lab_us-gaap_FinancingReceivableOriginatedInFiscalYearBeforeLatestFiscalYear_17DE39585D9A8DF085299AAF54DED9F3" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2018 </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated Two Years before Latest Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC" xlink:to="lab_us-gaap_FinancingReceivableOriginatedTwoYearsBeforeLatestFiscalYear_8B064FD1563D7AE72F059AAF54DF5EEC" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2017 </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated Three Years before Latest Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C" xlink:to="lab_us-gaap_FinancingReceivableOriginatedThreeYearsBeforeLatestFiscalYear_BD99B1CA5E2484C740E59AAF54DF275C" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> 2016 </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated Four Years before Latest Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93" xlink:to="lab_us-gaap_FinancingReceivableOriginatedFourYearsBeforeLatestFiscalYear_575D7B0DF0500B0A8D7F9AAF54DFEB93" xlink:type="arc"/>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_989C13133B35B1852A429AAF54DF32C7_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_989C13133B35B1852A429AAF54DF32C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Prior </link:label>
<link:label id="lab_us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_989C13133B35B1852A429AAF54DF32C7_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_989C13133B35B1852A429AAF54DF32C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Originated Five or More Years before Latest Fiscal Year </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear" xlink:label="loc_us-gaap_FinancingReceivableOriginatedFiveOrMoreYearsBeforeLatestFiscalYear_989C13133B35B1852A429AAF54DF32C7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NotesReceivableGross_88512E903658AE8140189AAF54DF9701_totalLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableGross_88512E903658AE8140189AAF54DF9701" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="loc_us-gaap_NotesReceivableGross_88512E903658AE8140189AAF54DF9701" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestReceivable_70D9C6DFE7DA5F11AD249AAF529B1C45_verboseLabel_en-US" xlink:label="lab_us-gaap_InterestReceivable_70D9C6DFE7DA5F11AD249AAF529B1C45" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Customer and other receivables </link:label>
<link:label id="lab_us-gaap_InterestReceivable_70D9C6DFE7DA5F11AD249AAF529B1C45_label_en-US" xlink:label="lab_us-gaap_InterestReceivable_70D9C6DFE7DA5F11AD249AAF529B1C45" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Receivable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestReceivable" xlink:label="loc_us-gaap_InterestReceivable_70D9C6DFE7DA5F11AD249AAF529B1C45" xlink:type="locator"/>
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<link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_927C6BC3E89DAB6BC8499AAF529C67A6_terseLabel_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_927C6BC3E89DAB6BC8499AAF529C67A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Customer and other payables </link:label>
<link:label id="lab_us-gaap_InterestPayableCurrentAndNoncurrent_927C6BC3E89DAB6BC8499AAF529C67A6_label_en-US" xlink:label="lab_us-gaap_InterestPayableCurrentAndNoncurrent_927C6BC3E89DAB6BC8499AAF529C67A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Payable </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestPayableCurrentAndNoncurrent" xlink:label="loc_us-gaap_InterestPayableCurrentAndNoncurrent_927C6BC3E89DAB6BC8499AAF529C67A6" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_8CB7456F57C7ACBF14419AAF54EEAD69_verboseLabel_en-US" xlink:label="lab_us-gaap_AccountsNotesAndLoansReceivableLineItems_8CB7456F57C7ACBF14419AAF54EEAD69" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountsNotesAndLoansReceivableLineItems" xlink:label="loc_us-gaap_AccountsNotesAndLoansReceivableLineItems_8CB7456F57C7ACBF14419AAF54EEAD69" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NotesReceivableNetAbstract_3459B9CCC98C10F860159AAF54EEBE06_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNetAbstract_3459B9CCC98C10F860159AAF54EEBE06" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Held for Investment </link:label>
<link:label id="lab_us-gaap_NotesReceivableNetAbstract_3459B9CCC98C10F860159AAF54EEBE06_label_en-US" xlink:label="lab_us-gaap_NotesReceivableNetAbstract_3459B9CCC98C10F860159AAF54EEBE06" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, after Allowance for Credit Loss [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableNetAbstract" xlink:label="loc_us-gaap_NotesReceivableNetAbstract_3459B9CCC98C10F860159AAF54EEBE06" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NotesReceivableGross_C50FE7A39EB2E71AEC3F9AAF54EF9406_terseLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableGross_C50FE7A39EB2E71AEC3F9AAF54EF9406" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans held for investment, before allowance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableGross" xlink:label="loc_us-gaap_NotesReceivableGross_C50FE7A39EB2E71AEC3F9AAF54EF9406" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_235D7548F8AAEB818D039AAF54EFAA08_negatedLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableAllowanceForCreditLosses_235D7548F8AAEB818D039AAF54EFAA08" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Allowance for credit losses </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FinancingReceivableAllowanceForCreditLosses" xlink:label="loc_us-gaap_FinancingReceivableAllowanceForCreditLosses_235D7548F8AAEB818D039AAF54EFAA08" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A_totalLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Loans held for investment, net </link:label>
<link:label id="lab_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A_label_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, after Allowance for Credit Loss </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A" xlink:to="lab_us-gaap_NotesReceivableNet_3353B964662354EEF6209AAF54EFE64A" xlink:type="arc"/>
<link:label id="lab_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6_terseLabel_en-US" xlink:label="lab_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans Held for Sale </link:label>
<link:label id="lab_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6_label_en-US" xlink:label="lab_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Receivables Held-for-sale [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ReceivablesHeldForSaleAbstract" xlink:label="loc_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6" xlink:to="lab_us-gaap_ReceivablesHeldForSaleAbstract_1650767AB182E66473AB9AAF54EFECD6" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans held for sale, before allowance </link:label>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880_label_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Held-for-sale, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableHeldForSaleAmount" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleAmount_7D4258D66FB40D8FBE969AAF54EF1880" xlink:type="arc"/>
<link:label id="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4_negatedLabel_en-US" xlink:label="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Allowance for credit losses </link:label>
<link:label id="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4_label_en-US" xlink:label="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable Held-for-sale, Valuation Allowance </link:label>
<link:label id="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4_documentation_en-US" xlink:label="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> A valuation allowance for increase (decrease) in fair value of loans held for sale from its net carrying value. Increases in fair value above the net carrying value are not recognized. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LoansReceivableHeldForSaleValuationAllowance" xlink:label="loc_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:to="lab_ms_LoansReceivableHeldForSaleValuationAllowance_D1BF366540DAC74219B59AAF54F009E4" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_6ACF847E653E8DDB6DE39AAF54F052D4_totalLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_6ACF847E653E8DDB6DE39AAF54F052D4" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Loans held for sale, net </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup" xlink:label="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_6ACF847E653E8DDB6DE39AAF54F052D4" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_6ACF847E653E8DDB6DE39AAF54F052D4" xlink:to="lab_us-gaap_LoansReceivableHeldForSaleNetNotPartOfDisposalGroup_6ACF847E653E8DDB6DE39AAF54F052D4" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total Loans </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D" xlink:to="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmountAbstract_8805358FA9DC7D34D0409AAF54F0648D" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE_terseLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Total loans, before ACL </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Gross </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableGrossCarryingAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE" xlink:to="lab_us-gaap_LoansAndLeasesReceivableGrossCarryingAmount_899B2E1C314116FDE2189AAF54F11AFE" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19_negatedLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Allowance for credit losses </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Allowance </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableAllowance" xlink:label="loc_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19" xlink:to="lab_us-gaap_LoansAndLeasesReceivableAllowance_9FA95BAC30B586D356A69AAF54F19C19" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97_totalLabel_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total loans, net </link:label>
<link:label id="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97_label_en-US" xlink:label="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansAndLeasesReceivableNetReportedAmount" xlink:label="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97" xlink:to="lab_us-gaap_LoansAndLeasesReceivableNetReportedAmount_3B72F57C45F45205D3129AAF54F10E97" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fixed rate loans, net </link:label>
<link:label id="lab_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249_label_en-US" xlink:label="lab_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable with Fixed Rates of Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableWithFixedRatesOfInterest1" xlink:label="loc_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249" xlink:to="lab_us-gaap_LoansReceivableWithFixedRatesOfInterest1_BBAC270A81FA622C47CB9AAF54F1A249" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD_terseLabel_en-US" xlink:label="lab_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Floating or adjustable rate loans, net </link:label>
<link:label id="lab_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD_label_en-US" xlink:label="lab_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Receivable with Variable Rates of Interest </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansReceivableWithVariableRatesOfInterest1" xlink:label="loc_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD" xlink:to="lab_us-gaap_LoansReceivableWithVariableRatesOfInterest1_AB5FF8552D1B6822BC6E9AAF54F2DBCD" xlink:type="arc"/>
<link:label id="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84_terseLabel_en-US" xlink:label="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans to non-U.S. borrowers, net </link:label>
<link:label id="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84_label_en-US" xlink:label="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans and Leases Receivable, Net Amount, Foreign 1 </link:label>
<link:label id="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84_documentation_en-US" xlink:label="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount after allowance and deduction of deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums and discounts from face amounts, of loans and leases to borrowers not within the country of domicile of the reporting entity. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_LoansAndLeasesReceivableNetAmountForeign1" xlink:label="loc_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:to="lab_ms_LoansAndLeasesReceivableNetAmountForeign1_AF096203E9CA0DD41B139AAF54F2BC84" xlink:type="arc"/>
<link:label id="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD_terseLabel_en-US" xlink:label="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Details of Interest Income and Interest Expense </link:label>
<link:label id="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD_label_en-US" xlink:label="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Interest Income and Interest Expense Disclosure [Table Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock" xlink:label="loc_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD" xlink:to="lab_us-gaap_InterestIncomeAndInterestExpenseDisclosureTableTextBlock_B6CF9CC4B919B9CEE46C9AAF52BAD0CD" xlink:type="arc"/>
<link:label id="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6_terseLabel_en-US" xlink:label="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Accrued Interest </link:label>
<link:label id="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6_label_en-US" xlink:label="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Accrued Interest [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6_documentation_en-US" xlink:label="lab_ms_ScheduleofAccruedInterestTableTextBlock_44965DBF39FC92D3609E9AAF52BA17A6" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Schedule of Accrued Interest [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_DebtInstrumentsAbstract_9F657D4EDF3D7AF91B079AAF5472AE93_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentsAbstract_9F657D4EDF3D7AF91B079AAF5472AE93" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instruments [Abstract] </link:label>
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<link:label id="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E_terseLabel_en-US" xlink:label="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Original maturities of one year or less </link:label>
<link:label id="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E_label_en-US" xlink:label="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Short-term Debt, Maturities, Repayments of Principal in Next Twelve Months </link:label>
<link:label id="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E_documentation_en-US" xlink:label="lab_ms_ShortTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths_CDFD7DD45B98D7E4F6D89AAF5472BC0E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amount of short-term debt payable maturing in the next fiscal year following the latest fiscal year. </link:label>
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<link:label id="lab_us-gaap_LongTermDebt_B5EF1025CFB08D5B05B49AAF547368C5_totalLabel_en-US" xlink:label="lab_us-gaap_LongTermDebt_B5EF1025CFB08D5B05B49AAF547368C5" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:label id="lab_us-gaap_LongTermDebt_B5EF1025CFB08D5B05B49AAF547368C5_label_en-US" xlink:label="lab_us-gaap_LongTermDebt_B5EF1025CFB08D5B05B49AAF547368C5" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Long-term Debt </link:label>
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<link:label id="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B_verboseLabel_en-US" xlink:label="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Currently employed by the Firm </link:label>
<link:label id="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B_label_en-US" xlink:label="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Currently Employed by the Firm [Member] </link:label>
<link:label id="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B_documentation_en-US" xlink:label="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Currently Employed by the Firm [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CurrentlyEmployedbytheFirmMember" xlink:label="loc_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:to="lab_ms_CurrentlyEmployedbytheFirmMember_4F41183A28550882E1669AAF54AA315B" xlink:type="arc"/>
<link:label id="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE_verboseLabel_en-US" xlink:label="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> No longer employed by the Firm </link:label>
<link:label id="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE_label_en-US" xlink:label="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> No Longer Employed by the Firm [Member] </link:label>
<link:label id="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE_documentation_en-US" xlink:label="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> No Longer Employed by the Firm [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_NoLongerEmployedbytheFirmMember" xlink:label="loc_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:to="lab_ms_NoLongerEmployedbytheFirmMember_797358F3C63E4DF26C4B9AAF54AB9EDE" xlink:type="arc"/>
<link:label id="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933_terseLabel_en-US" xlink:label="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee Loans [Line Items] </link:label>
<link:label id="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933_label_en-US" xlink:label="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Employee Loans [Line Items] </link:label>
<link:label id="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933_documentation_en-US" xlink:label="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_EmployeeLoansLineItems" xlink:label="loc_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:to="lab_ms_EmployeeLoansLineItems_5EBB7336358ACDCCCA989AAF54ADF933" xlink:type="arc"/>
<link:label id="lab_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37_terseLabel_en-US" xlink:label="lab_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance </link:label>
<link:label id="lab_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37_label_en-US" xlink:label="lab_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Due from Employees </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DueFromEmployees" xlink:label="loc_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37" xlink:to="lab_us-gaap_DueFromEmployees_FFBC41D0C8B57A4EE2639AAF54ADAD37" xlink:type="arc"/>
<link:label id="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571_negatedLabel_en-US" xlink:label="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Allowance for credit losses </link:label>
<link:label id="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571_label_en-US" xlink:label="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Due From Employees, Allowance </link:label>
<link:label id="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571_documentation_en-US" xlink:label="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Due From Employees, Allowance </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DueFromEmployeesAllowance" xlink:label="loc_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:to="lab_ms_DueFromEmployeesAllowance_24C44BF91F41961156BC9AAF54AE2571" xlink:type="arc"/>
<link:label id="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A_totalLabel_en-US" xlink:label="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Balance, net </link:label>
<link:label id="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A_label_en-US" xlink:label="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Due from Employees, Net of Allowance </link:label>
<link:label id="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A_documentation_en-US" xlink:label="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Amounts due from an Entity employees, net of allowance. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DueFromEmployeesNetOfAllowance" xlink:label="loc_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:to="lab_ms_DueFromEmployeesNetOfAllowance_AC283AC8266B3EE81BEE9AAF54AE659A" xlink:type="arc"/>
<link:label id="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C_terseLabel_en-US" xlink:label="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repayment term range, in years </link:label>
<link:label id="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C_label_en-US" xlink:label="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Due from Employees, Repayment Terms </link:label>
<link:label id="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C_documentation_en-US" xlink:label="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> The repayment terms for dues from employees. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DueFromEmployeesRepaymentTerms" xlink:label="loc_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:to="lab_ms_DueFromEmployeesRepaymentTerms_5C82E12C451E4CA9DC0B9AAF54AE225C" xlink:type="arc"/>
<link:label id="lab_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loss Contingencies [Table] </link:label>
<link:label id="lab_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88_label_en-US" xlink:label="lab_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss Contingencies [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesTable" xlink:label="loc_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88" xlink:to="lab_us-gaap_LossContingenciesTable_A8915082173AB36A05569AAF543B6B88" xlink:type="arc"/>
<link:label id="lab_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Case [Axis] </link:label>
<link:label id="lab_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2_label_en-US" xlink:label="lab_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Case [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseAxis" xlink:label="loc_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2" xlink:to="lab_srt_LitigationCaseAxis_514714126EFDABDD0C3B9AAF543B77C2" xlink:type="arc"/>
<link:label id="lab_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88_terseLabel_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Case [Domain] </link:label>
<link:label id="lab_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88_label_en-US" xlink:label="lab_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Case [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_LitigationCaseTypeDomain" xlink:label="loc_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88" xlink:to="lab_srt_LitigationCaseTypeDomain_DABDE149AEDFA7F3EC3C9AAF543BDF88" xlink:type="arc"/>
<link:label id="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F_terseLabel_en-US" xlink:label="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> China Development Industrial Bank v. Morgan Stanley & Co. Incorporated et al. </link:label>
<link:label id="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F_label_en-US" xlink:label="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> China Development Industrial Bank versus Morgan Stanley & Co. Incorporated et alii [Member] </link:label>
<link:label id="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F_documentation_en-US" xlink:label="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember" xlink:label="loc_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:to="lab_ms_ChinaDevelopmentIndustrialBankVersusMorganStanleyCoIncorporatedEtAliiMember_5EA995451E4AD66BEC249AAF543B078F" xlink:type="arc"/>
<link:label id="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC_terseLabel_en-US" xlink:label="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> US Bank National Association, solely in its capacity as Trustee of the Morgan Stanley Mortgage Loan Trust 2007-2AX (MSM 2007-2AX) v. Morgan Stanley Mortgage Capital Holdings LLC, as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc. and GreenPoint Mortgage Funding, Inc. </link:label>
<link:label id="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC_label_en-US" xlink:label="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> US Bank National Association 2007-2AX v. Morgan Stanley Mortgage Capital Holdings LLC [Member] </link:label>
<link:label id="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC_documentation_en-US" xlink:label="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember" xlink:label="loc_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:to="lab_ms_UsBankNationalAssociation20072axVMorganStanleyMortgageCapitalHoldingsLlcMember_9A29225754298705EE219AAF543C5DCC" xlink:type="arc"/>
<link:label id="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA_terseLabel_en-US" xlink:label="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. (Trust 2007-NC4) </link:label>
<link:label id="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA_label_en-US" xlink:label="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Guaranty Insurance Company v. Morgan Stanley ABS Capital I Inc. et al. Trust 2007-NC4 [Member] </link:label>
<link:label id="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA_documentation_en-US" xlink:label="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member" xlink:label="loc_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:to="lab_ms_FinancialGuarantyInsuranceCompanyVMorganStanleyAbsCapitalIIncEtAlTrust2007Nc4Member_FD8535F59C0062901E279AAF543C93AA" xlink:type="arc"/>
<link:label id="lab_ms_DeutscheBankNationalTrustCompany2007Nc4VMorganStanleyMortgageCapitalHoldingsLlcMember_0B9B930203445608C1929AAF543CA187_terseLabel_en-US" xlink:label="lab_ms_DeutscheBankNationalTrustCompany2007Nc4VMorganStanleyMortgageCapitalHoldingsLlcMember_0B9B930203445608C1929AAF543CA187" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deutsche Bank National Trust Company solely in its capacity as Trustee of the Morgan Stanley ABS Capital I Inc. Trust 2007-NC4 v. Morgan Stanley Mortgage Capital Holdings LLC as Successor-by-Merger to Morgan Stanley Mortgage Capital Inc., and Morgan Stanley ABS Capital I Inc. </link:label>
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<link:label id="lab_ms_CaseNumber153637AndCaseNumber154353Member_00105E20A045E6BCDCCD9AAF543C78CA_terseLabel_en-US" xlink:label="lab_ms_CaseNumber153637AndCaseNumber154353Member_00105E20A045E6BCDCCD9AAF543C78CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Case Number 15/3637 and Case Number 15/4353 </link:label>
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<link:label id="lab_us-gaap_LitigationStatusAxis_C19FFB0B0504FE8D24369AAF543DBDC9_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationStatusAxis_C19FFB0B0504FE8D24369AAF543DBDC9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Status [Axis] </link:label>
<link:label id="lab_us-gaap_LitigationStatusAxis_C19FFB0B0504FE8D24369AAF543DBDC9_label_en-US" xlink:label="lab_us-gaap_LitigationStatusAxis_C19FFB0B0504FE8D24369AAF543DBDC9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Status [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LitigationStatusAxis" xlink:label="loc_us-gaap_LitigationStatusAxis_C19FFB0B0504FE8D24369AAF543DBDC9" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LitigationStatusDomain_C397D6FE1F1C721021969AAF543D81D8_terseLabel_en-US" xlink:label="lab_us-gaap_LitigationStatusDomain_C397D6FE1F1C721021969AAF543D81D8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Litigation Status [Domain] </link:label>
<link:label id="lab_us-gaap_LitigationStatusDomain_C397D6FE1F1C721021969AAF543D81D8_label_en-US" xlink:label="lab_us-gaap_LitigationStatusDomain_C397D6FE1F1C721021969AAF543D81D8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Litigation Status [Domain] </link:label>
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<link:label id="lab_us-gaap_PendingLitigationMember_DE38649499FF948999C49AAF543DC6D0_terseLabel_en-US" xlink:label="lab_us-gaap_PendingLitigationMember_DE38649499FF948999C49AAF543DC6D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Pending Litigation </link:label>
<link:label id="lab_us-gaap_PendingLitigationMember_DE38649499FF948999C49AAF543DC6D0_label_en-US" xlink:label="lab_us-gaap_PendingLitigationMember_DE38649499FF948999C49AAF543DC6D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Pending Litigation [Member] </link:label>
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<link:label id="lab_srt_RangeAxis_5C4D508636C713DA8DFD9AAF543DFD08_terseLabel_en-US" xlink:label="lab_srt_RangeAxis_5C4D508636C713DA8DFD9AAF543DFD08" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statistical Measurement [Axis] </link:label>
<link:label id="lab_srt_RangeAxis_5C4D508636C713DA8DFD9AAF543DFD08_label_en-US" xlink:label="lab_srt_RangeAxis_5C4D508636C713DA8DFD9AAF543DFD08" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statistical Measurement [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_RangeAxis" xlink:label="loc_srt_RangeAxis_5C4D508636C713DA8DFD9AAF543DFD08" xlink:type="locator"/>
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<link:label id="lab_srt_RangeMember_616F77F5902933D970EE9AAF543D64FC_label_en-US" xlink:label="lab_srt_RangeMember_616F77F5902933D970EE9AAF543D64FC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statistical Measurement [Domain] </link:label>
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<link:label id="lab_srt_MaximumMember_C6DB5248F0A7B3D1E54E9AAF543EEAFA_terseLabel_en-US" xlink:label="lab_srt_MaximumMember_C6DB5248F0A7B3D1E54E9AAF543EEAFA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum </link:label>
<link:label id="lab_srt_MaximumMember_C6DB5248F0A7B3D1E54E9AAF543EEAFA_label_en-US" xlink:label="lab_srt_MaximumMember_C6DB5248F0A7B3D1E54E9AAF543EEAFA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maximum [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_MaximumMember" xlink:label="loc_srt_MaximumMember_C6DB5248F0A7B3D1E54E9AAF543EEAFA" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LossContingenciesLineItems_878CD38965365EC2B6759AAF543E109C_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_878CD38965365EC2B6759AAF543E109C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loss Contingencies </link:label>
<link:label id="lab_us-gaap_LossContingenciesLineItems_878CD38965365EC2B6759AAF543E109C_label_en-US" xlink:label="lab_us-gaap_LossContingenciesLineItems_878CD38965365EC2B6759AAF543E109C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss Contingencies [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LossContingenciesLineItems" xlink:label="loc_us-gaap_LossContingenciesLineItems_878CD38965365EC2B6759AAF543E109C" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeAssetNotionalAmount_315C17BD99EE987FD6AB9AAF543E4AF7_verboseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetNotionalAmount_315C17BD99EE987FD6AB9AAF543E4AF7" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Derivative asset </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetNotionalAmount" xlink:label="loc_us-gaap_DerivativeAssetNotionalAmount_315C17BD99EE987FD6AB9AAF543E4AF7" xlink:type="locator"/>
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<link:label id="lab_us-gaap_LossContingencyDamagesSoughtValue_682EFE29335460A0C69C9AAF543F3BB2_terseLabel_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_682EFE29335460A0C69C9AAF543F3BB2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Damages sought </link:label>
<link:label id="lab_us-gaap_LossContingencyDamagesSoughtValue_682EFE29335460A0C69C9AAF543F3BB2_label_en-US" xlink:label="lab_us-gaap_LossContingencyDamagesSoughtValue_682EFE29335460A0C69C9AAF543F3BB2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loss Contingency, Damages Sought, Value </link:label>
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<link:label id="lab_ms_LossContingencyDamagesSoughtObligationtoPay_D8670EE7146CAE9102109AAF543FBE98_terseLabel_en-US" xlink:label="lab_ms_LossContingencyDamagesSoughtObligationtoPay_D8670EE7146CAE9102109AAF543FBE98" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Damages sought for obligations to pay </link:label>
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<link:label id="lab_us-gaap_DebtInstrumentFaceAmount_2D2F037A7B9579720A679AAF543F76CF_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_2D2F037A7B9579720A679AAF543F76CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Original principal amount of debt instrument </link:label>
<link:label id="lab_us-gaap_DebtInstrumentFaceAmount_2D2F037A7B9579720A679AAF543F76CF_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentFaceAmount_2D2F037A7B9579720A679AAF543F76CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Face Amount </link:label>
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<link:label id="lab_ms_RevenueRemainingPerformanceObligationTableTextBlock_4C05F21EC971B672E29C9AAF5278CF44_terseLabel_en-US" xlink:label="lab_ms_RevenueRemainingPerformanceObligationTableTextBlock_4C05F21EC971B672E29C9AAF5278CF44" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Revenue Recognized from Prior Services </link:label>
<link:label id="lab_ms_RevenueRemainingPerformanceObligationTableTextBlock_4C05F21EC971B672E29C9AAF5278CF44_label_en-US" xlink:label="lab_ms_RevenueRemainingPerformanceObligationTableTextBlock_4C05F21EC971B672E29C9AAF5278CF44" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue Remaining Performance Obligation [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock_F9EF53EF2D917E7434729AAF52780E61_terseLabel_en-US" xlink:label="lab_us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock_F9EF53EF2D917E7434729AAF52780E61" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Receivables from Contracts with Customers </link:label>
<link:label id="lab_us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock_F9EF53EF2D917E7434729AAF52780E61_label_en-US" xlink:label="lab_us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock_F9EF53EF2D917E7434729AAF52780E61" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Contract with Customer, Asset and Liability [Table Text Block] </link:label>
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<link:label id="lab_ms_TradingAssetsPledgedAsCollateralAtFairValue_710E5A2A7F43DD0AB9BC9AAF57088A10_terseLabel_en-US" xlink:label="lab_ms_TradingAssetsPledgedAsCollateralAtFairValue_710E5A2A7F43DD0AB9BC9AAF57088A10" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading assets pledged to various parties </link:label>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_8CE16763E27675AE5D5C9AAF5708B398_positiveLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesDebtSecurities_8CE16763E27675AE5D5C9AAF5708B398" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US"> Investment securities at fair value </link:label>
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<link:label id="lab_ms_OtherSecuredFinancingsFairValueDisclosure_1059F5AC58B1801855079AAF5709923B_verboseLabel_en-US" xlink:label="lab_ms_OtherSecuredFinancingsFairValueDisclosure_1059F5AC58B1801855079AAF5709923B" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings at fair value </link:label>
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<link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_70C4399CD0F8056F3A009AAF570A8E26_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_70C4399CD0F8056F3A009AAF570A8E26" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock, par value (USD per share) </link:label>
<link:label id="lab_us-gaap_CommonStockParOrStatedValuePerShare_70C4399CD0F8056F3A009AAF570A8E26_label_en-US" xlink:label="lab_us-gaap_CommonStockParOrStatedValuePerShare_70C4399CD0F8056F3A009AAF570A8E26" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Par or Stated Value Per Share </link:label>
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<link:label id="lab_us-gaap_CommonStockSharesAuthorized_DE097B13E17CF7EA22FF9AAF570AB495_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_DE097B13E17CF7EA22FF9AAF570AB495" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock authorized (shares) </link:label>
<link:label id="lab_us-gaap_CommonStockSharesAuthorized_DE097B13E17CF7EA22FF9AAF570AB495_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesAuthorized_DE097B13E17CF7EA22FF9AAF570AB495" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Shares Authorized </link:label>
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<link:label id="lab_us-gaap_CommonStockSharesIssued_745D6122E9C58283EB2D9AAF570AD2C9_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_745D6122E9C58283EB2D9AAF570AD2C9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock issued (shares) </link:label>
<link:label id="lab_us-gaap_CommonStockSharesIssued_745D6122E9C58283EB2D9AAF570AD2C9_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesIssued_745D6122E9C58283EB2D9AAF570AD2C9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Shares, Issued </link:label>
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<link:label id="lab_us-gaap_CommonStockSharesOutstanding_6012034211A843C9F47A9AAF570AAB12_verboseLabel_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_6012034211A843C9F47A9AAF570AAB12" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Common stock outstanding (shares) </link:label>
<link:label id="lab_us-gaap_CommonStockSharesOutstanding_6012034211A843C9F47A9AAF570AAB12_label_en-US" xlink:label="lab_us-gaap_CommonStockSharesOutstanding_6012034211A843C9F47A9AAF570AAB12" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Shares, Outstanding </link:label>
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<link:label id="lab_us-gaap_TreasuryStockShares_E291E9D29C857AB186549AAF570B7188_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockShares_E291E9D29C857AB186549AAF570B7188" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock held in treasury (shares) </link:label>
<link:label id="lab_us-gaap_TreasuryStockShares_E291E9D29C857AB186549AAF570B7188_label_en-US" xlink:label="lab_us-gaap_TreasuryStockShares_E291E9D29C857AB186549AAF570B7188" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock, Shares </link:label>
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<link:label id="lab_us-gaap_CommitmentsDisclosureTextBlock_5E139DD0E21C6CEB46569AAF5462CAFD_terseLabel_en-US" xlink:label="lab_us-gaap_CommitmentsDisclosureTextBlock_5E139DD0E21C6CEB46569AAF5462CAFD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Commitments </link:label>
<link:label id="lab_us-gaap_CommitmentsDisclosureTextBlock_5E139DD0E21C6CEB46569AAF5462CAFD_label_en-US" xlink:label="lab_us-gaap_CommitmentsDisclosureTextBlock_5E139DD0E21C6CEB46569AAF5462CAFD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Commitments Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommitmentsDisclosureTextBlock" xlink:label="loc_us-gaap_CommitmentsDisclosureTextBlock_5E139DD0E21C6CEB46569AAF5462CAFD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_ScheduleOfGuaranteeObligationsTextBlock_A5293E260BE084EB40D69AAF5463B5DE_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfGuaranteeObligationsTextBlock_A5293E260BE084EB40D69AAF5463B5DE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Obligations under Guarantee Arrangements </link:label>
<link:label id="lab_us-gaap_ScheduleOfGuaranteeObligationsTextBlock_A5293E260BE084EB40D69AAF5463B5DE_label_en-US" xlink:label="lab_us-gaap_ScheduleOfGuaranteeObligationsTextBlock_A5293E260BE084EB40D69AAF5463B5DE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Guarantor Obligations [Table Text Block] </link:label>
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<link:label id="lab_ms_InvestmentCompanyRegulatoryFeeWaived_DD81188298961C5167D49AAF522356B8_terseLabel_en-US" xlink:label="lab_ms_InvestmentCompanyRegulatoryFeeWaived_DD81188298961C5167D49AAF522356B8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fee waivers </link:label>
<link:label id="lab_ms_InvestmentCompanyRegulatoryFeeWaived_DD81188298961C5167D49AAF522356B8_label_en-US" xlink:label="lab_ms_InvestmentCompanyRegulatoryFeeWaived_DD81188298961C5167D49AAF522356B8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment Company, Regulatory Fee Waived </link:label>
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<link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_66A645A1C7CA7A3B71299AAF555B81C7_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_66A645A1C7CA7A3B71299AAF555B81C7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale [Line Items] </link:label>
<link:label id="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_66A645A1C7CA7A3B71299AAF555B81C7_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAvailableForSaleSecuritiesLineItems_66A645A1C7CA7A3B71299AAF555B81C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Available-for-sale [Line Items] </link:label>
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<link:label id="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionQualitativeDisclosureAbstract_45B34720A40CF73F6FAB9AAF555CBBE6_terseLabel_en-US" xlink:label="lab_us-gaap_AvailableForSaleSecuritiesContinuousUnrealizedLossPositionQualitativeDisclosureAbstract_45B34720A40CF73F6FAB9AAF555CBBE6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS securities </link:label>
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<link:label id="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_6F9853AC53B64586A27A9AAF555C4F29_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months_6F9853AC53B64586A27A9AAF555C4F29" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> AFS: Fair Value, Less than 12 Months </link:label>
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<link:label id="lab_us-gaap_HedgedAssetFairValueHedge_22A04C6D2333596FE9E09AAF55B486C5_terseLabel_en-US" xlink:label="lab_us-gaap_HedgedAssetFairValueHedge_22A04C6D2333596FE9E09AAF55B486C5" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying amount of currently or previously hedged asset </link:label>
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<link:label id="lab_us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_02E7C7987276332523B09AAF55B49483_label_en-US" xlink:label="lab_us-gaap_HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_02E7C7987276332523B09AAF55B49483" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Hedged Asset, Fair Value Hedge, Cumulative Increase (Decrease) </link:label>
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<link:label id="lab_ms_BorrowingsAbstract_62B2F9C104FF5DC60CCC9AAF55B42C8E_terseLabel_en-US" xlink:label="lab_ms_BorrowingsAbstract_62B2F9C104FF5DC60CCC9AAF55B42C8E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
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<link:label id="lab_us-gaap_SeriesGPreferredStockMember_51F427DDB0E3C2D937249AAF53166949_verboseLabel_en-US" xlink:label="lab_us-gaap_SeriesGPreferredStockMember_51F427DDB0E3C2D937249AAF53166949" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Series G </link:label>
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<link:label id="lab_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock dividends declared </link:label>
<link:label id="lab_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6_label_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends, Preferred Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6" xlink:to="lab_us-gaap_DividendsPreferredStock_5DCC88F1ECA16EC1EC289AAF531E82D6" xlink:type="arc"/>
<link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_2715E08193BBCE435C6B9AAF531E888F_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared_2715E08193BBCE435C6B9AAF531E888F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Dividends declared per common share (USD per share) </link:label>
<link:label id="lab_us-gaap_CommonStockDividendsPerShareDeclared_2715E08193BBCE435C6B9AAF531E888F_label_en-US" xlink:label="lab_us-gaap_CommonStockDividendsPerShareDeclared_2715E08193BBCE435C6B9AAF531E888F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock, Dividends, Per Share, Declared </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockDividendsPerShareDeclared" xlink:label="loc_us-gaap_CommonStockDividendsPerShareDeclared_2715E08193BBCE435C6B9AAF531E888F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF_terseLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common stock dividends </link:label>
<link:label id="lab_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF_label_en-US" xlink:label="lab_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Dividends, Common Stock </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsCommonStock" xlink:label="loc_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF" xlink:to="lab_us-gaap_DividendsCommonStock_EEFC672319D9389C28379AAF531E0ADF" xlink:type="arc"/>
<link:label id="lab_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue from External Customers by Products and Services [Table] </link:label>
<link:label id="lab_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C_label_en-US" xlink:label="lab_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue from External Customers by Products and Services [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable" xlink:label="loc_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C" xlink:to="lab_us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTable_783010F46A3980E5B39E9AAF5242EA7C" xlink:type="arc"/>
<link:label id="lab_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation Items [Axis] </link:label>
<link:label id="lab_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6_label_en-US" xlink:label="lab_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation Items [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsAxis" xlink:label="loc_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6" xlink:to="lab_srt_ConsolidationItemsAxis_977DA4800E09CC8485AF9AAF52485BF6" xlink:type="arc"/>
<link:label id="lab_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D_terseLabel_en-US" xlink:label="lab_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Consolidation Items [Domain] </link:label>
<link:label id="lab_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D_label_en-US" xlink:label="lab_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Consolidation Items [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ConsolidationItemsDomain" xlink:label="loc_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D" xlink:to="lab_srt_ConsolidationItemsDomain_3B156010D0CE91FA8A359AAF52499A7D" xlink:type="arc"/>
<link:label id="lab_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814_terseLabel_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Operating Segments </link:label>
<link:label id="lab_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814_label_en-US" xlink:label="lab_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Operating Segments [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OperatingSegmentsMember" xlink:label="loc_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814" xlink:to="lab_us-gaap_OperatingSegmentsMember_10ED5AD96D56A28D9D019AAF5249E814" xlink:type="arc"/>
<link:label id="lab_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49_terseLabel_en-US" xlink:label="lab_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Product and Service [Axis] </link:label>
<link:label id="lab_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49_label_en-US" xlink:label="lab_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product and Service [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductOrServiceAxis" xlink:label="loc_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49" xlink:to="lab_srt_ProductOrServiceAxis_9799964F5B6D600BCCFF9AAF52497F49" xlink:type="arc"/>
<link:label id="lab_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711_terseLabel_en-US" xlink:label="lab_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Product and Service [Domain] </link:label>
<link:label id="lab_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711_label_en-US" xlink:label="lab_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Product and Service [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/srt/2019/elts/srt-2019-01-31.xsd#srt_ProductsAndServicesDomain" xlink:label="loc_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711" xlink:to="lab_srt_ProductsAndServicesDomain_A9AF5F14CA9E46D01B129AAF5249D711" xlink:type="arc"/>
<link:label id="lab_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D_terseLabel_en-US" xlink:label="lab_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Advisory </link:label>
<link:label id="lab_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D_label_en-US" xlink:label="lab_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Investment Advice [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_InvestmentAdviceMember" xlink:label="loc_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D" xlink:to="lab_us-gaap_InvestmentAdviceMember_459D4D53A8F6EC80EF789AAF524AED1D" xlink:type="arc"/>
<link:label id="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832_terseLabel_en-US" xlink:label="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Underwriting </link:label>
<link:label id="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832_label_en-US" xlink:label="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Underwriting [Member] </link:label>
<link:label id="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832_documentation_en-US" xlink:label="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Underwriting is the process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing either equity or debt securities. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_UnderwritingMember" xlink:label="loc_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:to="lab_ms_UnderwritingMember_F120B04BD9075F111D8F9AAF524A4832" xlink:type="arc"/>
<link:label id="lab_us-gaap_AccountingStandardsUpdate201409Member_2CCEDF753D60D0C5EB7D9AAF524B9617_terseLabel_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201409Member_2CCEDF753D60D0C5EB7D9AAF524B9617" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update 2014-09 </link:label>
<link:label id="lab_us-gaap_AccountingStandardsUpdate201409Member_2CCEDF753D60D0C5EB7D9AAF524B9617_label_en-US" xlink:label="lab_us-gaap_AccountingStandardsUpdate201409Member_2CCEDF753D60D0C5EB7D9AAF524B9617" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Accounting Standards Update 2014-09 [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccountingStandardsUpdate201409Member" xlink:label="loc_us-gaap_AccountingStandardsUpdate201409Member_2CCEDF753D60D0C5EB7D9AAF524B9617" xlink:type="locator"/>
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<link:label id="lab_us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems_0D49DA9965B56C33A6EE9AAF524B644F_terseLabel_en-US" xlink:label="lab_us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems_0D49DA9965B56C33A6EE9AAF524B644F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Revenue from External Customer [Line Items] </link:label>
<link:label id="lab_us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems_0D49DA9965B56C33A6EE9AAF524B644F_label_en-US" xlink:label="lab_us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems_0D49DA9965B56C33A6EE9AAF524B644F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Revenue from External Customer [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems" xlink:label="loc_us-gaap_EntityWideInformationRevenueFromExternalCustomerLineItems_0D49DA9965B56C33A6EE9AAF524B644F" xlink:type="locator"/>
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<link:label id="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038_terseLabel_en-US" xlink:label="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Firm Investment banking revenues from contracts with customers (as a percent) </link:label>
<link:label id="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038_label_en-US" xlink:label="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Proportion of Investment Banking Revenue Recognized under New Accounting Pronouncement </link:label>
<link:label id="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038_documentation_en-US" xlink:label="lab_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Proportion of investment banking revenue determined under new accounting pronouncement. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement" xlink:label="loc_ms_ProportionOfInvestmentBankingRevenueRecognizedUnderNewAccountingPronouncement_00383B20DB5D774139159AAF524B3038" xlink:type="locator"/>
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<link:label id="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348_terseLabel_en-US" xlink:label="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Wealth Management </link:label>
<link:label id="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348_label_en-US" xlink:label="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Wealth Management Segment [Member] </link:label>
<link:label id="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348_documentation_en-US" xlink:label="lab_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Wealth Management business segment. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_WealthManagementSegmentMember" xlink:label="loc_ms_WealthManagementSegmentMember_C7E795872DBAA04996019AAF51FF5348" xlink:type="locator"/>
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<link:label id="lab_us-gaap_Assets_77FE7E01C2133D9E93CC9AAF52001219_terseLabel_en-US" xlink:label="lab_us-gaap_Assets_77FE7E01C2133D9E93CC9AAF52001219" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_Assets" xlink:label="loc_us-gaap_Assets_77FE7E01C2133D9E93CC9AAF52001219" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementOfStockholdersEquityAbstract_2D4854375583465F661E9AAF56FA0352_label_en-US" xlink:label="lab_us-gaap_StatementOfStockholdersEquityAbstract_2D4854375583465F661E9AAF56FA0352" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement of Stockholders' Equity [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementOfStockholdersEquityAbstract" xlink:label="loc_us-gaap_StatementOfStockholdersEquityAbstract_2D4854375583465F661E9AAF56FA0352" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StatementTable_39D9990CB60906CA1F389AAF56FA8E53_terseLabel_en-US" xlink:label="lab_us-gaap_StatementTable_39D9990CB60906CA1F389AAF56FA8E53" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:label id="lab_us-gaap_StatementTable_39D9990CB60906CA1F389AAF56FA8E53_label_en-US" xlink:label="lab_us-gaap_StatementTable_39D9990CB60906CA1F389AAF56FA8E53" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Statement [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StatementTable" xlink:label="loc_us-gaap_StatementTable_39D9990CB60906CA1F389AAF56FA8E53" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PreferredStockMember_73D2A002AC313836E1399AAF56FB375F_terseLabel_en-US" xlink:label="lab_us-gaap_PreferredStockMember_73D2A002AC313836E1399AAF56FB375F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Preferred Stock </link:label>
<link:label id="lab_us-gaap_PreferredStockMember_73D2A002AC313836E1399AAF56FB375F_label_en-US" xlink:label="lab_us-gaap_PreferredStockMember_73D2A002AC313836E1399AAF56FB375F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Preferred Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_PreferredStockMember" xlink:label="loc_us-gaap_PreferredStockMember_73D2A002AC313836E1399AAF56FB375F" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2_terseLabel_en-US" xlink:label="lab_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock </link:label>
<link:label id="lab_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2_label_en-US" xlink:label="lab_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CommonStockMember" xlink:label="loc_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2" xlink:to="lab_us-gaap_CommonStockMember_0EB4C1B357D95CAEDF759AAF56FB64C2" xlink:type="arc"/>
<link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_A9589370145E7571AF289AAF56FCBE96_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_A9589370145E7571AF289AAF56FCBE96" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional Paid-in Capital </link:label>
<link:label id="lab_us-gaap_AdditionalPaidInCapitalMember_A9589370145E7571AF289AAF56FCBE96_label_en-US" xlink:label="lab_us-gaap_AdditionalPaidInCapitalMember_A9589370145E7571AF289AAF56FCBE96" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional Paid-in Capital [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="loc_us-gaap_AdditionalPaidInCapitalMember_A9589370145E7571AF289AAF56FCBE96" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TrustForBenefitOfEmployeesMember_AB406C5608740711BF6F9AAF56FCCC3A_terseLabel_en-US" xlink:label="lab_us-gaap_TrustForBenefitOfEmployeesMember_AB406C5608740711BF6F9AAF56FCCC3A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Employee Stock Trusts </link:label>
<link:label id="lab_us-gaap_TrustForBenefitOfEmployeesMember_AB406C5608740711BF6F9AAF56FCCC3A_label_en-US" xlink:label="lab_us-gaap_TrustForBenefitOfEmployeesMember_AB406C5608740711BF6F9AAF56FCCC3A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trust for Benefit of Employees [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TrustForBenefitOfEmployeesMember" xlink:label="loc_us-gaap_TrustForBenefitOfEmployeesMember_AB406C5608740711BF6F9AAF56FCCC3A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_9F7DE6145E9788E43F3C9AAF56FC75DF_terseLabel_en-US" xlink:label="lab_us-gaap_AccumulatedOtherComprehensiveIncomeMember_9F7DE6145E9788E43F3C9AAF56FC75DF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Accumulated Other Comprehensive Income (Loss) </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="loc_us-gaap_AccumulatedOtherComprehensiveIncomeMember_9F7DE6145E9788E43F3C9AAF56FC75DF" xlink:type="locator"/>
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<link:label id="lab_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC_terseLabel_en-US" xlink:label="lab_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock Held In Treasury at Cost </link:label>
<link:label id="lab_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC_label_en-US" xlink:label="lab_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TreasuryStockMember" xlink:label="loc_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC" xlink:to="lab_us-gaap_TreasuryStockMember_1771A3D3B2CBE55422C99AAF56FD0CCC" xlink:type="arc"/>
<link:label id="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940_terseLabel_en-US" xlink:label="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Stock Issued to Employee Stock Trusts </link:label>
<link:label id="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940_label_en-US" xlink:label="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Stock Issued to Employee Trust [Member] </link:label>
<link:label id="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940_documentation_en-US" xlink:label="lab_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Common Stock Issued to Employee Trust. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_CommonStockIssuedToEmployeeTrustMember" xlink:label="loc_ms_CommonStockIssuedToEmployeeTrustMember_9E2D5AC6AE93F2EFB0389AAF56FD2940" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1_terseLabel_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Non-Controlling Interests </link:label>
<link:label id="lab_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1_label_en-US" xlink:label="lab_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Noncontrolling Interest [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NoncontrollingInterestMember" xlink:label="loc_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1" xlink:to="lab_us-gaap_NoncontrollingInterestMember_FCBD71FF7B3DF4C5FEC89AAF56FD97D1" xlink:type="arc"/>
<link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_EDCA6A1DBAFC91A1CA899AAF56FE85B4_terseLabel_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_EDCA6A1DBAFC91A1CA899AAF56FE85B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Stockholders' Equity [Roll Forward] </link:label>
<link:label id="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_EDCA6A1DBAFC91A1CA899AAF56FE85B4_label_en-US" xlink:label="lab_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_EDCA6A1DBAFC91A1CA899AAF56FE85B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Increase (Decrease) in Stockholders' Equity [Roll Forward] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncreaseDecreaseInStockholdersEquityRollForward" xlink:label="loc_us-gaap_IncreaseDecreaseInStockholdersEquityRollForward_EDCA6A1DBAFC91A1CA899AAF56FE85B4" xlink:type="locator"/>
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<link:label id="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_FFEB34CF1C347BF49FC79AAF56FF7175_terseLabel_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_FFEB34CF1C347BF49FC79AAF56FF7175" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Share-based award activity </link:label>
<link:label id="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_FFEB34CF1C347BF49FC79AAF56FF7175_label_en-US" xlink:label="lab_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_FFEB34CF1C347BF49FC79AAF56FF7175" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation" xlink:label="loc_us-gaap_StockIssuedDuringPeriodValueShareBasedCompensation_FFEB34CF1C347BF49FC79AAF56FF7175" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetIncomeLoss_6F83845DC1E3745A10329AAF56FF756E_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLoss_6F83845DC1E3745A10329AAF56FF756E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net income applicable to Morgan Stanley </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="loc_us-gaap_NetIncomeLoss_6F83845DC1E3745A10329AAF56FF756E" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DividendsPreferredStock_A737C005D471E1F8DBEF9AAF56FFC26A_negatedLabel_en-US" xlink:label="lab_us-gaap_DividendsPreferredStock_A737C005D471E1F8DBEF9AAF56FFC26A" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Preferred stock dividends </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DividendsPreferredStock" xlink:label="loc_us-gaap_DividendsPreferredStock_A737C005D471E1F8DBEF9AAF56FFC26A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DividendsCommonStock_05337C665BFAB143B6C09AAF56FFB721_negatedLabel_en-US" xlink:label="lab_us-gaap_DividendsCommonStock_05337C665BFAB143B6C09AAF56FFB721" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Common stock dividends </link:label>
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<link:label id="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861_negatedLabel_en-US" xlink:label="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Repurchases of common stock and employee tax withholdings </link:label>
<link:label id="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861_label_en-US" xlink:label="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Treasury Stock, Value, Acquired, Cost Method and Employee Tax Withholdings </link:label>
<link:label id="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861_documentation_en-US" xlink:label="lab_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Equity impact of the cost of common and preferred stock that were repurchased during the period recorded using the cost method, and employee tax withholdings. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings" xlink:label="loc_ms_TreasuryStockValueAcquiredCostMethodAndEmployeeTaxWithholdings_048AA1C52EE38D75B52B9AAF5700E861" xlink:type="locator"/>
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<link:label id="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_9237573A0497EFCCF06F9AAF570073C0_terseLabel_en-US" xlink:label="lab_us-gaap_OtherComprehensiveIncomeLossNetOfTax_9237573A0497EFCCF06F9AAF570073C0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net change in Accumulated other comprehensive income (loss) </link:label>
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<link:label id="lab_us-gaap_StockholdersEquityOther_53672BDF784A3CD0FDA29AAF57001A1D_negatedLabel_en-US" xlink:label="lab_us-gaap_StockholdersEquityOther_53672BDF784A3CD0FDA29AAF57001A1D" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Other net increases </link:label>
<link:label id="lab_us-gaap_StockholdersEquityOther_53672BDF784A3CD0FDA29AAF57001A1D_label_en-US" xlink:label="lab_us-gaap_StockholdersEquityOther_53672BDF784A3CD0FDA29AAF57001A1D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Stockholders' Equity, Other </link:label>
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<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_A73EDA1CB35ACB3B33EF9AAF54F79A6C_terseLabel_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_A73EDA1CB35ACB3B33EF9AAF54F79A6C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Loans by Type </link:label>
<link:label id="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_A73EDA1CB35ACB3B33EF9AAF54F79A6C_label_en-US" xlink:label="lab_us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_A73EDA1CB35ACB3B33EF9AAF54F79A6C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_313653D2BEDCEA85CC8E9AAF54F846B4_terseLabel_en-US" xlink:label="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_313653D2BEDCEA85CC8E9AAF54F846B4" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Loans Held for Investment </link:label>
<link:label id="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_313653D2BEDCEA85CC8E9AAF54F846B4_label_en-US" xlink:label="lab_us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock_313653D2BEDCEA85CC8E9AAF54F846B4" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable Credit Quality Indicators [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_DA020ECF1A688A0258AB9AAF54F8745D_terseLabel_en-US" xlink:label="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_DA020ECF1A688A0258AB9AAF54F8745D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Troubled Debt Restructurings </link:label>
<link:label id="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_DA020ECF1A688A0258AB9AAF54F8745D_label_en-US" xlink:label="lab_us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock_DA020ECF1A688A0258AB9AAF54F8745D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Troubled Debt Restructuring [Table Text Block] </link:label>
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<link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_07355805D0032C71DFFA9AAF54F8738C_verboseLabel_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_07355805D0032C71DFFA9AAF54F8738C" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Allowance for Credit Losses Rollforward - Loans and Lending Commitments </link:label>
<link:label id="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_07355805D0032C71DFFA9AAF54F8738C_label_en-US" xlink:label="lab_us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock_07355805D0032C71DFFA9AAF54F8738C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financing Receivable, Allowance for Credit Loss [Table Text Block] </link:label>
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<link:label id="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Employee Loans </link:label>
<link:label id="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B_label_en-US" xlink:label="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Due from Employees [Table Text Block] </link:label>
<link:label id="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B_documentation_en-US" xlink:label="lab_ms_ScheduleOfDueFromEmployeesTableTextBlock_FCC506131DE85685A8779AAF54F8671B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Tabular disclosure of due from Entity employees. </link:label>
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<link:label id="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventAxis_1DCB33463895354C9A2A9AAF55A4396C_label_en-US" xlink:label="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventAxis_1DCB33463895354C9A2A9AAF55A4396C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Credit Risk Related Contingent Features, Triggering Event [Axis] </link:label>
<link:label id="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventAxis_1DCB33463895354C9A2A9AAF55A4396C_documentation_en-US" xlink:label="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventAxis_1DCB33463895354C9A2A9AAF55A4396C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Circumstances in which credit-risk-related contingent features could be triggered in derivative instruments that are in a net liability position at the end of the reporting period. </link:label>
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<link:label id="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventDomain_E8C7D3DC56517D9764DD9AAF55A421B5_documentation_en-US" xlink:label="lab_ms_DerivativeCreditRiskRelatedContingentFeaturesTriggeringEventDomain_E8C7D3DC56517D9764DD9AAF55A421B5" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Circumstances in which credit-risk-related contingent features could be triggered in derivative instruments that are in a net liability position at the end of the reporting period. </link:label>
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<link:label id="lab_us-gaap_TypeOfArrangementAxis_635A57D8F91A8C3EBC549AAF55A5330C_terseLabel_en-US" xlink:label="lab_us-gaap_TypeOfArrangementAxis_635A57D8F91A8C3EBC549AAF55A5330C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Axis] </link:label>
<link:label id="lab_us-gaap_TypeOfArrangementAxis_635A57D8F91A8C3EBC549AAF55A5330C_label_en-US" xlink:label="lab_us-gaap_TypeOfArrangementAxis_635A57D8F91A8C3EBC549AAF55A5330C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Axis] </link:label>
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<link:label id="lab_us-gaap_ArrangementsAndNonarrangementTransactionsMember_EC09B52A02E247D3C1079AAF55A5F171_terseLabel_en-US" xlink:label="lab_us-gaap_ArrangementsAndNonarrangementTransactionsMember_EC09B52A02E247D3C1079AAF55A5F171" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collaborative Arrangement and Arrangement Other than Collaborative [Domain] </link:label>
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<link:label id="lab_us-gaap_CollaborativeArrangementMember_DFD7E26BF4EC36FD03EF9AAF55A53B3A_terseLabel_en-US" xlink:label="lab_us-gaap_CollaborativeArrangementMember_DFD7E26BF4EC36FD03EF9AAF55A53B3A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bilateral Downgrade Agreement </link:label>
<link:label id="lab_us-gaap_CollaborativeArrangementMember_DFD7E26BF4EC36FD03EF9AAF55A53B3A_label_en-US" xlink:label="lab_us-gaap_CollaborativeArrangementMember_DFD7E26BF4EC36FD03EF9AAF55A53B3A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collaborative Arrangement [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CollaborativeArrangementMember" xlink:label="loc_us-gaap_CollaborativeArrangementMember_DFD7E26BF4EC36FD03EF9AAF55A53B3A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_245A6816A1985411AE4C9AAF55A64127_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_245A6816A1985411AE4C9AAF55A64127" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net derivative liabilities with credit risk-related contingent features </link:label>
<link:label id="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_245A6816A1985411AE4C9AAF55A64127_label_en-US" xlink:label="lab_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_245A6816A1985411AE4C9AAF55A64127" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative, Net Liability Position, Aggregate Fair Value </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeNetLiabilityPositionAggregateFairValue" xlink:label="loc_us-gaap_DerivativeNetLiabilityPositionAggregateFairValue_245A6816A1985411AE4C9AAF55A64127" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_61A482FA249BC05D840C9AAF55A62C9D_terseLabel_en-US" xlink:label="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_61A482FA249BC05D840C9AAF55A62C9D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Collateral posted </link:label>
<link:label id="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_61A482FA249BC05D840C9AAF55A62C9D_label_en-US" xlink:label="lab_us-gaap_CollateralAlreadyPostedAggregateFairValue_61A482FA249BC05D840C9AAF55A62C9D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Collateral Already Posted, Aggregate Fair Value </link:label>
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<link:label id="lab_us-gaap_AdditionalCollateralAggregateFairValue_585ACA907B93C68589149AAF55A6C52E_terseLabel_en-US" xlink:label="lab_us-gaap_AdditionalCollateralAggregateFairValue_585ACA907B93C68589149AAF55A6C52E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Incremental collateral or termination payments upon potential future ratings downgrade </link:label>
<link:label id="lab_us-gaap_AdditionalCollateralAggregateFairValue_585ACA907B93C68589149AAF55A6C52E_label_en-US" xlink:label="lab_us-gaap_AdditionalCollateralAggregateFairValue_585ACA907B93C68589149AAF55A6C52E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Additional Collateral, Aggregate Fair Value </link:label>
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<link:label id="lab_ms_InstitutionalSecuritiesSegmentMember_496012F35B4BF33E91B59AAF5265CBDB_verboseLabel_en-US" xlink:label="lab_ms_InstitutionalSecuritiesSegmentMember_496012F35B4BF33E91B59AAF5265CBDB" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> IS </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InstitutionalSecuritiesSegmentMember" xlink:label="loc_ms_InstitutionalSecuritiesSegmentMember_496012F35B4BF33E91B59AAF5265CBDB" xlink:type="locator"/>
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<link:label id="lab_ms_WealthManagementSegmentMember_DDE48FC45A80C4E0AE069AAF526620FA_verboseLabel_en-US" xlink:label="lab_ms_WealthManagementSegmentMember_DDE48FC45A80C4E0AE069AAF526620FA" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> WM </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_WealthManagementSegmentMember" xlink:label="loc_ms_WealthManagementSegmentMember_DDE48FC45A80C4E0AE069AAF526620FA" xlink:type="locator"/>
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<link:label id="lab_ms_InvestmentManagementSegmentMember_671F3D1DEA9B1E34B6219AAF5266CF63_verboseLabel_en-US" xlink:label="lab_ms_InvestmentManagementSegmentMember_671F3D1DEA9B1E34B6219AAF5266CF63" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> IM </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_InvestmentManagementSegmentMember" xlink:label="loc_ms_InvestmentManagementSegmentMember_671F3D1DEA9B1E34B6219AAF5266CF63" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IntersegmentEliminationMember_A48B07E15DC54A918CAB9AAF5267F30A_verboseLabel_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_A48B07E15DC54A918CAB9AAF5267F30A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> I/E </link:label>
<link:label id="lab_us-gaap_IntersegmentEliminationMember_A48B07E15DC54A918CAB9AAF5267F30A_label_en-US" xlink:label="lab_us-gaap_IntersegmentEliminationMember_A48B07E15DC54A918CAB9AAF5267F30A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Intersegment Eliminations [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="loc_us-gaap_IntersegmentEliminationMember_A48B07E15DC54A918CAB9AAF5267F30A" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_E99BF934FA093DFDACCA9AAF5269CE49_positiveLabel_en-US" xlink:label="lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_E99BF934FA093DFDACCA9AAF5269CE49" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US"> Income before provision for income taxes </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest" xlink:label="loc_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest_E99BF934FA093DFDACCA9AAF5269CE49" xlink:type="locator"/>
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<link:label id="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_7EB5BC0D00A777EE37D49AAF526AE266_terseLabel_en-US" xlink:label="lab_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_7EB5BC0D00A777EE37D49AAF526AE266" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Net income (loss) applicable to noncontrolling interests </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest" xlink:label="loc_us-gaap_NetIncomeLossAttributableToNonredeemableNoncontrollingInterest_7EB5BC0D00A777EE37D49AAF526AE266" xlink:type="locator"/>
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<link:label id="lab_ms_ScheduleOfCapitalReturnPlansTable_9C6D79776FD25C04431D9AAF532AA3A8_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfCapitalReturnPlansTable_9C6D79776FD25C04431D9AAF532AA3A8" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Capital Return Plans [Table] </link:label>
<link:label id="lab_ms_ScheduleOfCapitalReturnPlansTable_9C6D79776FD25C04431D9AAF532AA3A8_label_en-US" xlink:label="lab_ms_ScheduleOfCapitalReturnPlansTable_9C6D79776FD25C04431D9AAF532AA3A8" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Schedule of Capital Return Plans [Table] </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_ScheduleOfCapitalReturnPlansTable" xlink:label="loc_ms_ScheduleOfCapitalReturnPlansTable_9C6D79776FD25C04431D9AAF532AA3A8" xlink:type="locator"/>
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<link:label id="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA_terseLabel_en-US" xlink:label="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Capital Plans </link:label>
<link:label id="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA_label_en-US" xlink:label="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Capital Return Plans [Line Items] </link:label>
<link:label id="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA_documentation_en-US" xlink:label="lab_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_CapitalReturnPlansLineItems" xlink:label="loc_ms_CapitalReturnPlansLineItems_6C09E8DB124B61B8D9269AAF532B39DA" xlink:type="locator"/>
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<link:label id="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B_terseLabel_en-US" xlink:label="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Maximum ownership proportion (as a percent) </link:label>
<link:label id="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B_label_en-US" xlink:label="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Share Repurchase Program, Ownership Proportion Maximum, Percent </link:label>
<link:label id="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B_documentation_en-US" xlink:label="lab_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Share Repurchase Program, Ownership Proportion Maximum, Percent </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent" xlink:label="loc_ms_ShareRepurchaseProgramOwnershipProportionMaximumPercent_BFFAE8C65AC4636BCD779AAF532BF97B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_CAC133483216C365AD0E9AAF529516B9_terseLabel_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock_CAC133483216C365AD0E9AAF529516B9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Income Taxes </link:label>
<link:label id="lab_us-gaap_IncomeTaxDisclosureTextBlock_CAC133483216C365AD0E9AAF529516B9_label_en-US" xlink:label="lab_us-gaap_IncomeTaxDisclosureTextBlock_CAC133483216C365AD0E9AAF529516B9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Disclosure [Text Block] </link:label>
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<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_58522A6A54E2887C2E97B54006656ECA_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTable_58522A6A54E2887C2E97B54006656ECA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement Inputs and Valuation Techniques [Table] </link:label>
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<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputTypeDomain_D935419EBDC57842FB66B54006CEFD8C" xlink:to="lab_us-gaap_MeasurementInputTypeDomain_D935419EBDC57842FB66B54006CEFD8C" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> At the Money Volatility </link:label>
<link:label id="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB_label_en-US" xlink:label="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, At the Money Volatility [Member] </link:label>
<link:label id="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB_documentation_en-US" xlink:label="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputAtTheMoneyVolatilityMember" xlink:label="loc_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:to="lab_ms_MeasurementInputAtTheMoneyVolatilityMember_27D238BD5769D0418E25B54006CE22CB" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bond Price </link:label>
<link:label id="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C_label_en-US" xlink:label="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Bond Price [Member] </link:label>
<link:label id="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C_documentation_en-US" xlink:label="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputBondPriceMember" xlink:label="loc_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:to="lab_ms_MeasurementInputBondPriceMember_2888437FB1E241AE1EF3B54006CEB61C" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash-Synthetic Basis </link:label>
<link:label id="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121_label_en-US" xlink:label="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Cash-Synthetic Basis [Member] </link:label>
<link:label id="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121_documentation_en-US" xlink:label="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using the price differential between cash financial instruments and their synthetic derivative-based equivalents. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputCashSyntheticBasisMember" xlink:label="loc_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:to="lab_ms_MeasurementInputCashSyntheticBasisMember_B2E8B56A5DB2E77DE0C8B54006CF7121" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Commodity Volatility </link:label>
<link:label id="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37_label_en-US" xlink:label="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Commodity Volatility [Member] </link:label>
<link:label id="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37_documentation_en-US" xlink:label="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputCommodityVolatilityMember" xlink:label="loc_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:to="lab_ms_MeasurementInputCommodityVolatilityMember_A6E82CC617251418145BB54006CFAF37" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Contingency Probability </link:label>
<link:label id="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7_label_en-US" xlink:label="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Contingency Probability [Member] </link:label>
<link:label id="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7_documentation_en-US" xlink:label="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using probability associated with the realization of an underlying event upon which the value of an asset is contingent. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputContingencyProbabilityMember" xlink:label="loc_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:to="lab_ms_MeasurementInputContingencyProbabilityMember_F7FDEB058D2A47E60485B54006CFFBE7" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> IR Curve Correlation </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778_label_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Curve Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778_documentation_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Curve Correlation [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInterestRateCurveCorrelationMember" xlink:label="loc_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:to="lab_ms_MeasurementInputInterestRateCurveCorrelationMember_1D63A35E1D05D7C106E3B54006CF0778" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Bond Volatility </link:label>
<link:label id="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751_label_en-US" xlink:label="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Bond Volatility [Member] </link:label>
<link:label id="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751_documentation_en-US" xlink:label="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement Input, Bond Volatility [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputBondVolatilityMember" xlink:label="loc_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:to="lab_ms_MeasurementInputBondVolatilityMember_17F4E517310C17C30F42B54006CF2751" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Correlation </link:label>
<link:label id="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9_label_en-US" xlink:label="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Credit Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9_documentation_en-US" xlink:label="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputCreditCorrelationMember" xlink:label="loc_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:to="lab_ms_MeasurementInputCreditCorrelationMember_A167E74EBD2884043362B54006CF13F9" xlink:type="arc"/>
<link:label id="lab_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Credit Spread </link:label>
<link:label id="lab_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D_label_en-US" xlink:label="lab_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Credit Spread [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MeasurementInputCreditSpreadMember" xlink:label="loc_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D" xlink:to="lab_us-gaap_MeasurementInputCreditSpreadMember_0757A2E734B03FCA96AFB54006D0AD5D" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Margin Loan Rate </link:label>
<link:label id="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37_label_en-US" xlink:label="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Margin Loan [Member] </link:label>
<link:label id="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37_documentation_en-US" xlink:label="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement Input, Margin Loan [Member] </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputMarginLoanMember" xlink:label="loc_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:to="lab_ms_MeasurementInputMarginLoanMember_5217D41953922038075AB5450357FB37" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cross-Commodity Correlation </link:label>
<link:label id="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E_label_en-US" xlink:label="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Cross-Commodity Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E_documentation_en-US" xlink:label="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputCrossCommodityCorrelationMember" xlink:label="loc_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:to="lab_ms_MeasurementInputCrossCommodityCorrelationMember_6C8FC108D0C378D8523EB54006D0DD3E" xlink:type="arc"/>
<link:label id="lab_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Discount Rate </link:label>
<link:label id="lab_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6_label_en-US" xlink:label="lab_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Discount Rate [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MeasurementInputDiscountRateMember" xlink:label="loc_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6" xlink:to="lab_us-gaap_MeasurementInputDiscountRateMember_271FE3F19EFB6289CE32B54006D025E6" xlink:type="arc"/>
<link:label id="lab_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> EBITDA Multiple </link:label>
<link:label id="lab_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F_label_en-US" xlink:label="lab_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, EBITDA Multiple [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MeasurementInputEbitdaMultipleMember" xlink:label="loc_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F" xlink:to="lab_us-gaap_MeasurementInputEbitdaMultipleMember_74DA95F3BE8D574F2151B54006D0831F" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Correlation </link:label>
<link:label id="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356_label_en-US" xlink:label="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Equity Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356_documentation_en-US" xlink:label="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputEquityCorrelationMember" xlink:label="loc_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:to="lab_ms_MeasurementInputEquityCorrelationMember_538A943588DB124E62DEB54006D0B356" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity - FX Correlation </link:label>
<link:label id="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0_label_en-US" xlink:label="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Equity - Foreign Exchange Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0_documentation_en-US" xlink:label="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputEquityForeignExchangeCorrelationMember" xlink:label="loc_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:to="lab_ms_MeasurementInputEquityForeignExchangeCorrelationMember_3DB07EC7214699426FDBB54006D0D8D0" xlink:type="arc"/>
<link:label id="lab_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464_terseLabel_en-US" xlink:label="lab_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Equity Price </link:label>
<link:label id="lab_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464_label_en-US" xlink:label="lab_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Share Price [Member] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_MeasurementInputSharePriceMember" xlink:label="loc_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464" xlink:to="lab_us-gaap_MeasurementInputSharePriceMember_B3DEA3A97C3A8655820FB54006D12464" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Exit Multiple </link:label>
<link:label id="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551_label_en-US" xlink:label="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Exit Multiple [Member] </link:label>
<link:label id="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551_documentation_en-US" xlink:label="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using the ratio of Enterprise Value to EBITDA, where Enterprise Value is the aggregate value of equity and debt minus cash and cash equivalents. The exit multiple reflects the value of the company in terms of its full-year expected EBITDA at exit. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputExitMultipleMember" xlink:label="loc_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:to="lab_ms_MeasurementInputExitMultipleMember_F517FBBD480FABCA6D2AB54006D12551" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Forward Power Price </link:label>
<link:label id="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E_label_en-US" xlink:label="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Forward Power Price [Member] </link:label>
<link:label id="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E_documentation_en-US" xlink:label="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputForwardPowerPriceMember" xlink:label="loc_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:to="lab_ms_MeasurementInputForwardPowerPriceMember_9F61D288AFC0814E0FB6B54006D1891E" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Funding Spread </link:label>
<link:label id="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF_label_en-US" xlink:label="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Funding Spread [Member] </link:label>
<link:label id="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF_documentation_en-US" xlink:label="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using the cost of borrowing defined as the incremental spread over the OIS rate for a specific collateral rate (which refers to the rate applicable to a specific type of security pledged as collateral). </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputFundingSpreadMember" xlink:label="loc_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:to="lab_ms_MeasurementInputFundingSpreadMember_5C1A292D88DB24ED2031B54006D136CF" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> FX Correlation </link:label>
<link:label id="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE_label_en-US" xlink:label="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Foreign Exchange Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE_documentation_en-US" xlink:label="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputForeignExchangeCorrelationMember" xlink:label="loc_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:to="lab_ms_MeasurementInputForeignExchangeCorrelationMember_BA6BCE0EF9BD0680440EB54006D144BE" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Inflation Volatility </link:label>
<link:label id="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105_label_en-US" xlink:label="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Inflation Volatility [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105_documentation_en-US" xlink:label="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInflationVolatilityMember" xlink:label="loc_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:to="lab_ms_MeasurementInputInflationVolatilityMember_04096D26F7DA06EF481CB54006D23105" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> IR Correlation </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF_label_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF_documentation_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInterestRateCorrelationMember" xlink:label="loc_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:to="lab_ms_MeasurementInputInterestRateCorrelationMember_0FBE0AD4BBBF9C3AA6C1B54006D227BF" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> IR Curve </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC_label_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Curve [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC_documentation_en-US" xlink:label="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using the term structure of interest rates (relationship between interest rates and the time to maturity) and a market's measure of future interest rates at the time of observation. An interest rate curve is used to set interest rate and foreign exchange derivative cash flows and is a pricing input used in the discounting of any OTC derivative cash flow. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInterestRateCurveMember" xlink:label="loc_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:to="lab_ms_MeasurementInputInterestRateCurveMember_1EE593F49016108EEED4B54006D252DC" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> IR FX Correlation </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89_label_en-US" xlink:label="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Foreign Exchange Correlation [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89_documentation_en-US" xlink:label="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInterestRateForeignExchangeCorrelationMember" xlink:label="loc_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:to="lab_ms_MeasurementInputInterestRateForeignExchangeCorrelationMember_29E7ADE36CD9F2D024D5B54006D20F89" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> IR Volatility Skew </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893_label_en-US" xlink:label="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Interest Rate Volatility Skew [Member] </link:label>
<link:label id="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893_documentation_en-US" xlink:label="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputInterestRateVolatilitySkewMember" xlink:label="loc_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:to="lab_ms_MeasurementInputInterestRateVolatilitySkewMember_BBC6946470D4518CAEFEB54006D29893" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loan Price </link:label>
<link:label id="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2_label_en-US" xlink:label="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Loan Price [Member] </link:label>
<link:label id="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2_documentation_en-US" xlink:label="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"/>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputLoanPriceMember" xlink:label="loc_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:to="lab_ms_MeasurementInputLoanPriceMember_707DE6F97C9EEF53AD14B54006D2A3A2" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Recovery Rate </link:label>
<link:label id="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0_label_en-US" xlink:label="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Recovery Rate [Member] </link:label>
<link:label id="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0_documentation_en-US" xlink:label="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using amount expressed as a percentage of par that is expected to be received when a credit event occurs. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputRecoveryRateMember" xlink:label="loc_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:to="lab_ms_MeasurementInputRecoveryRateMember_5C91B1A05ACB9832EBEAB54006D3FEC0" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Volatility Skew </link:label>
<link:label id="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2_label_en-US" xlink:label="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Volatility Skew [Member] </link:label>
<link:label id="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2_documentation_en-US" xlink:label="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using the difference in implied volatility for options with identical underliers and expiry dates but with different strikes. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputVolatilitySkewMember" xlink:label="loc_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:to="lab_ms_MeasurementInputVolatilitySkewMember_2A76AD0BFA1EDDF23A3FB54006D379A2" xlink:type="arc"/>
<link:label id="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF_terseLabel_en-US" xlink:label="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> WACC </link:label>
<link:label id="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF_label_en-US" xlink:label="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Input, Weighted Average Cost of Capital [Member] </link:label>
<link:label id="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF_documentation_en-US" xlink:label="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Measurement input using weighted average cost of capital (WACC), which theoretically represents the required rate of return to debt and equity investors. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_MeasurementInputWeightedAverageCostOfCapitalMember" xlink:label="loc_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:to="lab_ms_MeasurementInputWeightedAverageCostOfCapitalMember_0B11B40F311E13DD4B3CB54006D337AF" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Valuation Techniques and Sensitivity of Unobservable Inputs Used in Level 3 Fair Value Measurements </link:label>
<link:label id="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79_label_en-US" xlink:label="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement Inputs and Valuation Techniques [Line Items] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems" xlink:label="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79" xlink:to="lab_us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems_593A5AEEA3D50EE78488B54006D4CE79" xlink:type="arc"/>
<link:label id="lab_us-gaap_TradingSecuritiesDebt_C4596BDECE83865C902DB54006D44C15_verboseLabel_en-US" xlink:label="lab_us-gaap_TradingSecuritiesDebt_C4596BDECE83865C902DB54006D44C15" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Debt securities, trading assets </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TradingSecuritiesDebt" xlink:label="loc_us-gaap_TradingSecuritiesDebt_C4596BDECE83865C902DB54006D44C15" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TradingSecuritiesDebt_C4596BDECE83865C902DB54006D44C15" xlink:to="lab_us-gaap_TradingSecuritiesDebt_C4596BDECE83865C902DB54006D44C15" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F_terseLabel_en-US" xlink:label="lab_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Debt securities, trading assets, measurement input value </link:label>
<link:label id="lab_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F_label_en-US" xlink:label="lab_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Trading, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtSecuritiesTradingMeasurementInput" xlink:label="loc_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F" xlink:to="lab_us-gaap_DebtSecuritiesTradingMeasurementInput_41835661187AA1F6FC92B54006D4769F" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquitySecuritiesFvNi_2458BD7717A4E92B8F96B54006D471E9_verboseLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNi_2458BD7717A4E92B8F96B54006D471E9" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Corporate equities </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesFvNi" xlink:label="loc_us-gaap_EquitySecuritiesFvNi_2458BD7717A4E92B8F96B54006D471E9" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesFvNi_2458BD7717A4E92B8F96B54006D471E9" xlink:to="lab_us-gaap_EquitySecuritiesFvNi_2458BD7717A4E92B8F96B54006D471E9" xlink:type="arc"/>
<link:label id="lab_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA_terseLabel_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Corporate equities, measurement input value </link:label>
<link:label id="lab_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA_label_en-US" xlink:label="lab_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Equity Securities, FV-NI, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EquitySecuritiesFvNiMeasurementInput" xlink:label="loc_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA" xlink:to="lab_us-gaap_EquitySecuritiesFvNiMeasurementInput_CBEAD2D1553D79C4DBEBB54006D536FA" xlink:type="arc"/>
<link:label id="lab_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259_terseLabel_en-US" xlink:label="lab_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments </link:label>
<link:label id="lab_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259_label_en-US" xlink:label="lab_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Alternative Investment </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AlternativeInvestment" xlink:label="loc_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259" xlink:to="lab_us-gaap_AlternativeInvestment_AD1F8365B34FEF3A8C01B54006D5B259" xlink:type="arc"/>
<link:label id="lab_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA_terseLabel_en-US" xlink:label="lab_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investments, measurement input value </link:label>
<link:label id="lab_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA_label_en-US" xlink:label="lab_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Alternative Investment, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AlternativeInvestmentMeasurementInput" xlink:label="loc_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA" xlink:to="lab_us-gaap_AlternativeInvestmentMeasurementInput_CD42C5611578258A5407B54006D5C5CA" xlink:type="arc"/>
<link:label id="lab_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D_terseLabel_en-US" xlink:label="lab_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Derivative assets, measurement input value </link:label>
<link:label id="lab_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D_label_en-US" xlink:label="lab_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Derivative Asset, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DerivativeAssetMeasurementInput" xlink:label="loc_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D" xlink:to="lab_us-gaap_DerivativeAssetMeasurementInput_9B04E8EBFD9D6968E76DB54006D57B0D" xlink:type="arc"/>
<link:label id="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA_terseLabel_en-US" xlink:label="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Deposits, measurement input value </link:label>
<link:label id="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA_label_en-US" xlink:label="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Deposits, Measurement Input Value </link:label>
<link:label id="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA_documentation_en-US" xlink:label="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Value of input used to measure deposits. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_DepositsMeasurementInputValue" xlink:label="loc_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:to="lab_ms_DepositsMeasurementInputValue_2CD4C032D4B064B6E208B54006D61EAA" xlink:type="arc"/>
<link:label id="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3_terseLabel_en-US" xlink:label="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Trading liabilities, measurement input value </link:label>
<link:label id="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3_label_en-US" xlink:label="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Trading Liabilities, Measurement Input </link:label>
<link:label id="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3_documentation_en-US" xlink:label="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Trading Liabilities, Measurement Input </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_TradingLiabilitiesMeasurementInput" xlink:label="loc_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:to="lab_ms_TradingLiabilitiesMeasurementInput_3822AD58909F642909D1B54006D63BC3" xlink:type="arc"/>
<link:label id="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16_terseLabel_en-US" xlink:label="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreement to repurchase, measurement input value </link:label>
<link:label id="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16_label_en-US" xlink:label="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Securities Sold under Agreement to Repurchase, Measurement Input </link:label>
<link:label id="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16_documentation_en-US" xlink:label="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Securities Sold under Agreement to Repurchase, Measurement Input </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput" xlink:label="loc_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:to="lab_ms_SecuritiesSoldunderAgreementtoRepurchaseMeasurementInput_C01431E0F61ACF9D25EAB54006D67D16" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherSecuredFinancings_216CF8E461512D009A21B54006D6A503_verboseLabel_en-US" xlink:label="lab_us-gaap_OtherSecuredFinancings_216CF8E461512D009A21B54006D6A503" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherSecuredFinancings" xlink:label="loc_us-gaap_OtherSecuredFinancings_216CF8E461512D009A21B54006D6A503" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherSecuredFinancings_216CF8E461512D009A21B54006D6A503" xlink:to="lab_us-gaap_OtherSecuredFinancings_216CF8E461512D009A21B54006D6A503" xlink:type="arc"/>
<link:label id="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F_terseLabel_en-US" xlink:label="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Other secured financings, measurement input value </link:label>
<link:label id="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F_label_en-US" xlink:label="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Other Secured Financings, Measurement Input </link:label>
<link:label id="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F_documentation_en-US" xlink:label="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Value of input used to measure other secured financings. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_OtherSecuredFinancingsMeasurementInput" xlink:label="loc_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:to="lab_ms_OtherSecuredFinancingsMeasurementInput_D9B6EEA5C974621550F9B54006D7D18F" xlink:type="arc"/>
<link:label id="lab_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B_terseLabel_en-US" xlink:label="lab_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings, measurement input value </link:label>
<link:label id="lab_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B_label_en-US" xlink:label="lab_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Instrument, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_DebtInstrumentMeasurementInput" xlink:label="loc_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B" xlink:to="lab_us-gaap_DebtInstrumentMeasurementInput_93D545E56E25B4E22909B54006D7CE6B" xlink:type="arc"/>
<link:label id="lab_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7_terseLabel_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Loans, measurement input value </link:label>
<link:label id="lab_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7_label_en-US" xlink:label="lab_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Loans Held-for-sale, Measurement Input </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_LoansHeldForSaleMeasurementInput" xlink:label="loc_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7" xlink:to="lab_us-gaap_LoansHeldForSaleMeasurementInput_B90D49453DFEFBF97A28B54006D76EC7" xlink:type="arc"/>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Original maturities: </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity, Parenthetical Disclosure [Abstract] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract" xlink:label="loc_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE" xlink:to="lab_us-gaap_HeldToMaturitySecuritiesParentheticalDisclosureAbstract_B6C5A6E44B18108A6B5E9AAF546AABDE" xlink:type="arc"/>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064_terseLabel_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> One year or less </link:label>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064_label_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Financings, Original Maturities Greater than One Year </link:label>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064_documentation_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Secured financings with original maturities greater than one year. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear" xlink:label="loc_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:to="lab_ms_SecuredFinancingsOriginalMaturitiesGreaterThanOneYear_E2E11EF9FA2E939CD70B9AAF546A4064" xlink:type="arc"/>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A_terseLabel_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Greater than one year </link:label>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A_label_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Secured Financings, Original Maturities One Year or Less </link:label>
<link:label id="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A_documentation_en-US" xlink:label="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Secured financings with original maturities one year or less. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess" xlink:label="loc_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:to="lab_ms_SecuredFinancingsOriginalMaturitiesOneYearOrLess_5EA27EC78C12FFF6352E9AAF546B719A" xlink:type="arc"/>
<link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F_verboseLabel_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Transfers of assets accounted for as secured financings </link:label>
<link:label id="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F_label_en-US" xlink:label="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Transfers Accounted for as Secured Borrowings, Associated Liabilities, Carrying Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount" xlink:label="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F" xlink:to="lab_us-gaap_TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount_BCCE13FFD55880F8ECDE9AAF546B998F" xlink:type="arc"/>
<link:label id="lab_us-gaap_OtherSecuredFinancings_9F8D488732A1E651DCEE9AAF546BE234_totalLabel_en-US" xlink:label="lab_us-gaap_OtherSecuredFinancings_9F8D488732A1E651DCEE9AAF546BE234" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US"> Total </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_OtherSecuredFinancings" xlink:label="loc_us-gaap_OtherSecuredFinancings_9F8D488732A1E651DCEE9AAF546BE234" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_OtherSecuredFinancings_9F8D488732A1E651DCEE9AAF546BE234" xlink:to="lab_us-gaap_OtherSecuredFinancings_9F8D488732A1E651DCEE9AAF546BE234" xlink:type="arc"/>
<link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7_negatedLabel_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Recurring </link:label>
<link:label id="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7_label_en-US" xlink:label="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount" xlink:label="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7" xlink:to="lab_us-gaap_EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount_06664F6402BC3394FDFE9AAF528AB0C7" xlink:type="arc"/>
<link:label id="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0_negatedLabel_en-US" xlink:label="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US"> Intermittent </link:label>
<link:label id="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0_label_en-US" xlink:label="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Income Tax Expense (Benefit), Discrete Item, Remeasurement of Reserves and Related Interest, and Others </link:label>
<link:label id="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0_documentation_en-US" xlink:label="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US"> Intermittent net discrete tax provision (benefit) associated with the remeasurement of reserves and related interest relating to the status of multi-year tax examinations, and other changes. </link:label>
<link:loc xlink:href="ms-20200630.xsd#ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers" xlink:label="loc_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:to="lab_ms_IncomeTaxExpenseBenefitDiscreteItemRemeasurementOfReservesAndRelatedInterestAndOthers_71A624142D15F6D38E3D9AAF528A8FD0" xlink:type="arc"/>
<link:label id="lab_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents Disclosure [Text Block] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashAndCashEquivalentsDisclosureTextBlock" xlink:label="loc_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2" xlink:type="locator"/>
<link:labelArc order="1" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2" xlink:to="lab_us-gaap_CashAndCashEquivalentsDisclosureTextBlock_F62B3C9375E6D21ADA709AAF56C3E3F2" xlink:type="arc"/>
<link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTable_412B8E60DB837E2E52DE9AAF56131634_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTable_412B8E60DB837E2E52DE9AAF56131634" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value, by Balance Sheet Grouping [Table] </link:label>
<link:label id="lab_us-gaap_FairValueByBalanceSheetGroupingTable_412B8E60DB837E2E52DE9AAF56131634_label_en-US" xlink:label="lab_us-gaap_FairValueByBalanceSheetGroupingTable_412B8E60DB837E2E52DE9AAF56131634" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, by Balance Sheet Grouping [Table] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByBalanceSheetGroupingTable" xlink:label="loc_us-gaap_FairValueByBalanceSheetGroupingTable_412B8E60DB837E2E52DE9AAF56131634" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_640DD05FAA3A5BA65FA59AAF561338CD_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_640DD05FAA3A5BA65FA59AAF561338CD" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Measurement Basis [Axis] </link:label>
<link:label id="lab_us-gaap_FairValueByMeasurementBasisAxis_640DD05FAA3A5BA65FA59AAF561338CD_label_en-US" xlink:label="lab_us-gaap_FairValueByMeasurementBasisAxis_640DD05FAA3A5BA65FA59AAF561338CD" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Measurement Basis [Axis] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueByMeasurementBasisAxis" xlink:label="loc_us-gaap_FairValueByMeasurementBasisAxis_640DD05FAA3A5BA65FA59AAF561338CD" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_BB308F38D57C6876E7F19AAF56140836_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_BB308F38D57C6876E7F19AAF56140836" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement [Domain] </link:label>
<link:label id="lab_us-gaap_FairValueDisclosureItemAmountsDomain_BB308F38D57C6876E7F19AAF56140836_label_en-US" xlink:label="lab_us-gaap_FairValueDisclosureItemAmountsDomain_BB308F38D57C6876E7F19AAF56140836" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value Measurement [Domain] </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_FairValueDisclosureItemAmountsDomain" xlink:label="loc_us-gaap_FairValueDisclosureItemAmountsDomain_BB308F38D57C6876E7F19AAF56140836" xlink:type="locator"/>
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<link:label id="lab_us-gaap_PortionAtOtherThanFairValueFairValueDisclosureMember_FFBB27A252A1ED4DCB589AAF56145166_terseLabel_en-US" xlink:label="lab_us-gaap_PortionAtOtherThanFairValueFairValueDisclosureMember_FFBB27A252A1ED4DCB589AAF56145166" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Carrying Value </link:label>
<link:label id="lab_us-gaap_PortionAtOtherThanFairValueFairValueDisclosureMember_FFBB27A252A1ED4DCB589AAF56145166_label_en-US" xlink:label="lab_us-gaap_PortionAtOtherThanFairValueFairValueDisclosureMember_FFBB27A252A1ED4DCB589AAF56145166" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Portion at Other than Fair Value Measurement [Member] </link:label>
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<link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_A5C053CDF7F511DCA7B39AAF5615E55A_verboseLabel_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_A5C053CDF7F511DCA7B39AAF5615E55A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Fair Value </link:label>
<link:label id="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_A5C053CDF7F511DCA7B39AAF5615E55A_label_en-US" xlink:label="lab_us-gaap_EstimateOfFairValueFairValueDisclosureMember_A5C053CDF7F511DCA7B39AAF5615E55A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Estimate of Fair Value Measurement [Member] </link:label>
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<link:label id="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_50C6233D68273738C4CD9AAF5616511A_terseLabel_en-US" xlink:label="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_50C6233D68273738C4CD9AAF5616511A" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Balance Sheet Captions </link:label>
<link:label id="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_50C6233D68273738C4CD9AAF5616511A_label_en-US" xlink:label="lab_us-gaap_FairValueBalanceSheetGroupingFinancialStatementCaptionsLineItems_50C6233D68273738C4CD9AAF5616511A" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] </link:label>
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<link:label id="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_3A5BD575AFA8864ADCC29AAF5616F543_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_3A5BD575AFA8864ADCC29AAF5616F543" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Assets </link:label>
<link:label id="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_3A5BD575AFA8864ADCC29AAF5616F543_label_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialAssetsBalanceSheetGroupingsAbstract_3A5BD575AFA8864ADCC29AAF5616F543" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Financial Instruments, Financial Assets, Balance Sheet Groupings [Abstract] </link:label>
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<link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8046FAD2B1AD7FB00CE19AAF56171EE9_terseLabel_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8046FAD2B1AD7FB00CE19AAF56171EE9" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Cash and cash equivalents </link:label>
<link:label id="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8046FAD2B1AD7FB00CE19AAF56171EE9_label_en-US" xlink:label="lab_us-gaap_CashAndCashEquivalentsFairValueDisclosure_8046FAD2B1AD7FB00CE19AAF56171EE9" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash and Cash Equivalents, Fair Value Disclosure </link:label>
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<link:label id="lab_us-gaap_HeldToMaturitySecurities_D4D4B89FE3363D434CB89AAF56178C90_terseLabel_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecurities_D4D4B89FE3363D434CB89AAF56178C90" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Investment securities - HTM </link:label>
<link:label id="lab_us-gaap_HeldToMaturitySecurities_D4D4B89FE3363D434CB89AAF56178C90_label_en-US" xlink:label="lab_us-gaap_HeldToMaturitySecurities_D4D4B89FE3363D434CB89AAF56178C90" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Debt Securities, Held-to-maturity </link:label>
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<link:label id="lab_us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_41978F3D77A36AA2A76F9AAF561719DB_terseLabel_en-US" xlink:label="lab_us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_41978F3D77A36AA2A76F9AAF561719DB" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Securities purchased under agreements to resell </link:label>
<link:label id="lab_us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_41978F3D77A36AA2A76F9AAF561719DB_label_en-US" xlink:label="lab_us-gaap_FederalFundsSoldAndSecuritiesPurchasedUnderAgreementsToResell_41978F3D77A36AA2A76F9AAF561719DB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Federal Funds Sold and Securities Purchased under Agreements to Resell </link:label>
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<link:label id="lab_us-gaap_NotesReceivableNet_10612D66F0208DAA80C99AAF56185068_positiveLabel_en-US" xlink:label="lab_us-gaap_NotesReceivableNet_10612D66F0208DAA80C99AAF56185068" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:type="resource" xml:lang="en-US"> Loans </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_NotesReceivableNet" xlink:label="loc_us-gaap_NotesReceivableNet_10612D66F0208DAA80C99AAF56185068" xlink:type="locator"/>
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<link:label id="lab_us-gaap_CashReserveDepositRequiredAndMade_4A8FB149621382A3A8569AAF56181295_verboseLabel_en-US" xlink:label="lab_us-gaap_CashReserveDepositRequiredAndMade_4A8FB149621382A3A8569AAF56181295" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Other assets </link:label>
<link:label id="lab_us-gaap_CashReserveDepositRequiredAndMade_4A8FB149621382A3A8569AAF56181295_label_en-US" xlink:label="lab_us-gaap_CashReserveDepositRequiredAndMade_4A8FB149621382A3A8569AAF56181295" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Cash Reserve Deposit Required and Made </link:label>
<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_CashReserveDepositRequiredAndMade" xlink:label="loc_us-gaap_CashReserveDepositRequiredAndMade_4A8FB149621382A3A8569AAF56181295" xlink:type="locator"/>
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<link:label id="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_9A2C6AE60394EFBC19AA9AAF56180FA6_terseLabel_en-US" xlink:label="lab_us-gaap_FinancialInstrumentsFinancialLiabilitiesBalanceSheetGroupingsAbstract_9A2C6AE60394EFBC19AA9AAF56180FA6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Financial Liabilities </link:label>
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<link:label id="lab_us-gaap_Deposits_D70F752F15E8E4A387E39AAF5618CB9F_verboseLabel_en-US" xlink:label="lab_us-gaap_Deposits_D70F752F15E8E4A387E39AAF5618CB9F" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Deposits </link:label>
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<link:label id="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_DBA2AB4B9D74327841E29AAF5619CB0A_verboseLabel_en-US" xlink:label="lab_us-gaap_SecuritiesSoldUnderAgreementsToRepurchase_DBA2AB4B9D74327841E29AAF5619CB0A" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US"> Securities sold under agreements to repurchase </link:label>
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<link:label id="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_D40FF4D2E356D34402829AAF561900D7_terseLabel_en-US" xlink:label="lab_us-gaap_DebtLongtermAndShorttermCombinedAmount_D40FF4D2E356D34402829AAF561900D7" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Borrowings </link:label>
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<link:label id="lab_ms_AdditionalDisclosuresAbstract_D2059ABE23F8A498D4539AAF561AC706_terseLabel_en-US" xlink:label="lab_ms_AdditionalDisclosuresAbstract_D2059ABE23F8A498D4539AAF561AC706" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Additional Disclosures </link:label>
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<link:label id="lab_ms_LoansAndLendingCommitments_A2FDE89071DC205ECDBA9AAF561A0AC6_terseLabel_en-US" xlink:label="lab_ms_LoansAndLendingCommitments_A2FDE89071DC205ECDBA9AAF561A0AC6" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Lending commitments </link:label>
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<link:label id="lab_ms_ScheduleOfCreditRiskRelatedContingenciesTableTextBlock_F3F8C1A3E0DE5A0CBAAF9AAF55E16B33_terseLabel_en-US" xlink:label="lab_ms_ScheduleOfCreditRiskRelatedContingenciesTableTextBlock_F3F8C1A3E0DE5A0CBAAF9AAF55E16B33" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Schedule of Credit Risk-Related Contingencies </link:label>
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<link:label id="lab_ms_CommonEquityTierOneCCyBPercent_91252458DE28FE3C9FF49AAF538FA77B_terseLabel_en-US" xlink:label="lab_ms_CommonEquityTierOneCCyBPercent_91252458DE28FE3C9FF49AAF538FA77B" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Common Equity Tier 1 CCyB requirement (as a percent) </link:label>
<link:label id="lab_ms_CommonEquityTierOneCCyBPercent_91252458DE28FE3C9FF49AAF538FA77B_label_en-US" xlink:label="lab_ms_CommonEquityTierOneCCyBPercent_91252458DE28FE3C9FF49AAF538FA77B" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Common Equity Tier One CCyB, Percent </link:label>
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<link:loc xlink:href="ms-20200630.xsd#ms_CommonEquityTierOneCCyBPercent" xlink:label="loc_ms_CommonEquityTierOneCCyBPercent_91252458DE28FE3C9FF49AAF538FA77B" xlink:type="locator"/>
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<link:label id="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_B2313AD4210D517090869AAF55112A59_terseLabel_en-US" xlink:label="lab_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_B2313AD4210D517090869AAF55112A59" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Repurchase Agreements and Similar Transactions, Maturity Periods [Axis] </link:label>
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<link:loc xlink:href="http://xbrl.fasb.org/us-gaap/2019/elts/us-gaap-2019-01-31.xsd#us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis" xlink:label="loc_us-gaap_AssetsSoldUnderAgreementsToRepurchaseMaturityPeriodsAxis_B2313AD4210D517090869AAF55112A59" xlink:type="locator"/>
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<link:label id="lab_us-gaap_MaturityOvernightMember_14F1C695A392CE8218D09AAF551189DA_terseLabel_en-US" xlink:label="lab_us-gaap_MaturityOvernightMember_14F1C695A392CE8218D09AAF551189DA" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US"> Overnight and Open </link:label>
<link:label id="lab_us-gaap_MaturityOvernightMember_14F1C695A392CE8218D09AAF551189DA_label_en-US" xlink:label="lab_us-gaap_MaturityOvernightMember_14F1C695A392CE8218D09AAF551189DA" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maturity Overnight [Member] </link:label>
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<link:label id="lab_us-gaap_MaturityUpTo30DaysMember_69C664E442CE2ADB59109AAF5512DE41_label_en-US" xlink:label="lab_us-gaap_MaturityUpTo30DaysMember_69C664E442CE2ADB59109AAF5512DE41" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maturity Less than 30 Days [Member] </link:label>
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<link:label id="lab_us-gaap_Maturity30To90DaysMember_6263EACA3232E6039DE39AAF55124FEB_label_en-US" xlink:label="lab_us-gaap_Maturity30To90DaysMember_6263EACA3232E6039DE39AAF55124FEB" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US"> Maturity 30 to 90 Days [Member] </link:label>
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4 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/29/21  Mirror Merger Sub 2, LLC          8-K:7,9     1/29/21   11:4.2M                                   Broadridge Fin’l So… Inc
 1/29/21  Morgan Stanley                    424B3                  1:3.5M                                   Broadridge Fin’l So… Inc
 1/19/21  Morgan Stanley                    S-4/A                  9:4.2M                                   Broadridge Fin’l So… Inc
12/04/20  Morgan Stanley                    S-4                    7:3.7M                                   Broadridge Fin’l So… Inc
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