MORGAN STANLEY (MS) Form 8-K — Oct 14, 2026
Morgan Stanley reported 3Q26 net revenues of $20.3 billion, up 12% year over year, with diluted EPS of $3.03 versus $2.80 a year ago and a 22.6% ROTCE. Institutional Securities revenues rose 18% to $10.0 billion, led by a 41% surge in Equity revenues on strong client engagement, while Wealth Management delivered record revenues of $9.1 billion, a 30.4% pre-tax margin, $232 billion in net new assets and $80 billion in fee-based flows. Investment Management was the soft spot, with revenues down 12% on a reversal of accrued carried interest. The firm repurchased $1.5 billion of stock in the quarter and declared a $1.15 quarterly dividend payable November 13, 2026.
Key figures
- Eps
- 3.03
- Revenue
- 20338000000
- Net Income
- 4909000000
- Revenue Yoy
- 12%
- Shares Outstanding
- 1565000000
- Rotce
- 22.6%
- Aum bn
- 2046
- Buybacks
- 1540000000
- Return on equity
- 17.8%
- Dividend per share
- 1.15
- Effective tax rate
- 23.3%
- Equity net revenues
- 5799000000
- Book value per share
- 68.59
- Wealth pretax margin
- 30.4%
- Total client assets tn
- 10.5
- Cet1 ratio standardized
- 14.9%
- Expense efficiency ratio
- 67%
- Wealth net new assets bn
- 232.4
- Fixed income net revenues
- 2011000000
- Wealth fee based flows bn
- 80.5
- Tangible book value per share
- 53.96
- Investment management revenues
- 1459000000
- Wealth management net revenues
- 9065000000
- Institutional securities revenues
- 10029000000
AI analysis
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