Morgan Stanley Stock Earnings Reports

Morgan Stanley reported a very strong Q2 2026 and first-half performance: record quarterly revenues of $21.3 billion and EPS (ex-CVA) of $3.46, driving first-half revenues of ~$42 billion and EPS of $6.90. Key drivers were Institutional Securities (record revenues of $11 billion) led by an exceptional equities franchise ($6.3 billion) and robust investment banking activity, Wealth Management (record revenues of $8.9 billion) with a record organic net new assets (NNA) inflow of $148 billion largely from workplace/IPO-related flows, and Investment Management reaching a record $2 trillion AUM. The firm continues to invest in technology and AI capabilities, is growing fee-based assets ($3 trillion in Wealth fee-based assets), and reported strong capital accretion (CET1 up ~$18 billion over 10 quarters) with a standardized CET1 ratio of 14.8%, significant excess capital (300+ bps cushion) and $1.5 billion of buybacks in the quarter. Management raised the quarterly dividend 15% to $1.15 and emphasized organic growth via the integrated firm while remaining open to high‑quality bolt-on M&A. Outlook: healthy pipelines in investment banking and trading, continued emphasis on workplace channel conversion and retention, continued AI-related opportunity (management views current AI CapEx as early in a multi-year cycle), but they remain vigilant about geopolitical and macro risks. Efficiency discipline continues amid higher technology and execution spending, and the firm expects modest NII sequential improvement in Q3.