Morgan Stanley (NYSE: MS) reported third-quarter 2026 net revenues of $20.3 billion, up from $18.2 billion a year earlier. GAAP net income was $5.0 billion, while net income applicable to Morgan Stanley was $4.9 billion, or $3.03 per diluted share.
Institutional Securities revenue rose to $10.0 billion, Wealth Management posted record revenue of $9.1 billion, and Investment Management revenue totaled $1.5 billion.
- GAAP diluted EPS was $3.03, compared with $2.80 in the prior-year quarter; basic EPS was $3.07.
- Institutional Securities revenue increased to $10.029 billion from $8.523 billion, led by a 41% increase in Equity revenue.
- Wealth Management added $232.4 billion in net new assets and $80.5 billion in fee-based asset flows.
- The firm repurchased $1.54 billion of common stock and declared a $1.15 quarterly dividend payable November 13, 2026.
- Standardized CET1 capital ratio was 14.9% as of the release date.
