Morgan Stanley Stock Earnings Reports

Morgan Stanley reported a record Q1 2026 with revenues of $20.6 billion and EPS (ex DVA) of $3.43, driven by strong performance across its integrated platform: Institutional Securities (record $10.7B), Wealth Management (record revenues of $8.5B, PBT margin 30.4%, $118B net new assets and $54B fee-based flows), and Investment Management (AUM $1.9T). Firm-wide return on tangible common equity was ~27%, CET1 ratio 15.1% (≈300 bps buffer over requirement), and the firm opportunistically repurchased $1.75B of stock. Key business highlights: equities and prime brokerage delivered notable strength (equities >$5B), fixed income posted a post-crisis record (~$3.4B), private/alternative product demand remained robust (record alternatives sales in Wealth Management), and Parametric and fee-based flows supported Asset Management. Management emphasized disciplined capital deployment, ongoing technology and AI investments, active liquidity/funding optimizations (bank reorganization moved ~$100B to the U.S. bank, improving funding competitiveness), and measured confidence amid geopolitical and AI-related uncertainty. They closed the EquityZen acquisition and launched a limited digital asset pilot. Management framed private credit as a growing but still small exposure for the firm and reiterated focus on selective, risk-managed growth across regions—notably accelerating momentum in Asia. Regulatory developments (Basel proposals) could modestly change RWA dynamics; the firm expects to be capital-neutral to modestly positive but awaits final rules.