Morgan Stanley Posts Record Q2: $21.3B Revenue, $3.46 EPS, $148B Net New Assets
MS sits 71% above its 52-week low of $135.265.
Summary
Morgan Stanley reported record Q2 2026 results with $21.3B in revenue and $3.46 EPS, driven by strength across all three business segments. Wealth Management added a record $148B in net new assets, and the board reauthorized a $20B buyback.
Key Events · Earnings and Guidance · MS
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Record Revenue and EPS
Net revenues of $21.3 billion, up 27% YoY, and diluted EPS of $3.46, up 62% YoY, both quarterly records.
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Wealth Management Asset Gathering
Wealth Management added a record $148 billion in net new assets, pushing total client assets across Wealth and Investment Management to $10 trillion.
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Capital Return Boost
Board reauthorized a $20 billion multi-year share buyback program and declared a $1.15 quarterly dividend, a 15-cent increase.
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Institutional Securities Strength
Institutional Securities posted record net revenues of $11.0 billion, driven by a 69% surge in Equity trading and a 58% jump in Investment Banking fees.
Analysis · MS · Finance
The firm just delivered its strongest quarter ever, with net revenues surging 27% to $21.3 billion and EPS nearly doubling to $3.46. Every cylinder of the Integrated Firm strategy is firing — Institutional Securities set a revenue record, Wealth Management pulled in a staggering $148 billion in net new assets, and total client assets crossed $10 trillion. In response, the board reauthorized a $20 billion buyback and hiked the dividend 15%. This is a thesis-affirming print that validates the firm's ability to compound capital and return it to shareholders at scale.
At the time of this filing, MS was trading at $230.90 on NYSE in the Finance sector, with a market capitalization of approximately $359.1B. The 52-week trading range was $135.27 to $232.11. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.