Morgan Stanley Stock Earnings Reports

Morgan Stanley reported a very strong Q2 2026: record revenues of $21.3 billion and EPS of $3.46 (ex-CVA), driving first-half revenue of $42 billion and EPS of $6.90 with a 27% return on tangible equity. Wealth & Investment Management combined assets reached $10 trillion (Wealth Management $8 trillion; Investment Management $2 trillion). Institutional Securities delivered a record quarter ($11 billion revenue), led by equities ($6.3 billion) and investment banking strength (notably IPO activity and increased underwriting). Wealth Management posted record net new assets of $148 billion and a 30.5% pre-tax margin, driven materially by workplace flows from late-stage IPOs; fee-based assets sit at $3 trillion. Investment Management AUM hit $2 trillion with continued net inflows into alternatives and Parametric solutions. The firm strengthened capital: accreted ~$18 billion of CET1 capital over 10 quarters, standardized CET1 ratio of 14.8%, repurchased $1.5 billion of stock, and raised the quarterly dividend 15% to $1.15. Management emphasized strategic priorities: investing in AI and technology, prudent capital deployment (bias to organic growth but open to disciplined bolt-ons), global expansion (notably Asia), and vigilance around geopolitical and macro risks. Management views AI-driven capex as a multi-year structural opportunity, but cautions it is early and subject to uncertainties.