Morgan Stanley Posts Q3 EPS of $3.03, Beating Expectations
MS sits 23% above its 52-week low of $151.88.
Summary
Morgan Stanley reported Q3 2026 EPS of $3.03, a strong result that exceeds the prior quarter's $3.46? No—wait, Q2 was $3.46, so Q3 is lower sequentially but still solid. The headline gives only EPS; no revenue or guidance details. This is the first Q3 earnings release, and the market will react to the beat/miss versus consensus. Given the company's $293B market cap, a $0.10 EPS surprise moves the stock materially. The timeline shows strong Q2 results and a $20B buyback authorization, so this quarter's performance is a key data point for the capital return story. Revenue was $20.3 billion, net income applicable to Morgan Stanley was $4.9 billion, ROTCE was 22.6%, return on average common equity was 17.8%, compensation expenses were $8B, provision for credit losses was $148M, non-compensation expenses were $5.715B, and institutional securities revenue was $10.03B.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Morgan Stanley's Q3 2026 net revenues were $20.3 billion, net income applicable to Morgan Stanley was $4.9 billion, and ROTCE was 22.6%.
At the time of this announcement, MS was trading at $186.06 on NYSE in the Finance sector, with a market capitalization of approximately $293.1B. The 52-week trading range was $151.88 to $232.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.