Morgan Stanley (MS)

The company now

Morgan Stanley reported third-quarter 2026 net revenues of $20.3 billion on 14 October 2026, up from $18.2 billion a year earlier 1. Net income was $4.9 billion, or $3.03 per diluted share, against $4.6 billion a year before 1. Return on tangible common equity, profit set against the shareholders' money less goodwill, was 22.6 percent 1.

Stock trading carried the quarter: equity net revenues rose 41 percent to $5.8 billion on client engagement and strength in Asia 1. Reuters tied the jump to market swings around the interest-rate decision and the US-Iran war 5. Wealth Management posted record net revenues of $9.1 billion and record net new assets of $232 billion, just over half from IPO-related flows 1.

Fixed income was the weak spot, down 7 percent to $2,011 million on weaker credit and commodities results 1. The open question is how long the wave of share listings keeps feeding the wealth business 54. Chief executive Ted Pick said that beyond IPOs, the firm's ties to private companies mean "this cycle has many years to come" 4.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.