Morgan Stanley earnings overview

MS FY2026 Q2 · Calendar Q3 2026

Morgan Stanley

Morgan Stanley extended its record-breaking streak into Q2 2026, with revenue of $21.3 billion and EPS of $3.46 surpassing consensus by roughly 20% and 8.5%, respectively. The Wealth Management franchise was the standout: $148 billion of net new assets lifted total client assets to $10 trillion, while the workplace channel's coverage of roughly 70% of top-100 unicorns positions the firm for continued IPO-driven inflows. Capital return accelerated with a 15% dividend hike to $1.15 per share and a $1.5 billion buyback. Despite the beat, the stock has drifted approximately 6% lower since the report, with the day-of abnormal reaction essentially flat. Analyst consensus targets at $238.25 imply roughly 11% upside from the current price of $214.54.