MS

Morgan Stanley MS logo
NYSE Financials
$216.31
-1.48 (-0.68%)
Updated: 9/8/2026, 8:55:00 PM
Open
$217.20
High
$218.47
Low
$214.39
Prev Close
$217.72
Volume
2.08M

Price History

Why Is MS ▼ Down Today?

-0.68%

Full AI analysis generates after market close. Showing live price data.

Financial Highlights

Income Statement

Revenue
$68.98B
Gross Profit
N/A
Operating Income
$21.10B
30.6% margin
Net Income
$16.32B
23.7% margin
EPS (Diluted)
$9.75

Balance Sheet

Total Assets
$1.36T
Total Liabilities
$1.25T
Stockholders' Equity
$111.05B
Long-Term Debt
$324.13B

Cash Flow

Operating Cash Flow
-$3.68B
Investing Activities
-$43.53B
Net Cash Flow
$12.65B

Highly Regarded Analysis

Updated Sep 8, 2026 • Refreshes daily
Rating
Highly Regarded
Risk
Medium
Target
$242.00
Type
Standard

Executive Summary

Morgan Stanley (MS) is a globally recognized financial services firm offering a comprehensive suite of products and services across three primary segments: Institutional Securities, Wealth Management, and Investment Management. The company provides investment banking services, sales and trading, wealth management, and asset management solutions to corporations, governments, financial institutions, and individuals globally. It has consistently demonstrated strong financial performance and is considered systemically important by the Financial Stability Board.

Bull Case

The bull case for Morgan Stanley is supported by its integrated firm model, where investment banking activities enhance its wealth, workplace, trading, and asset management segments. The company has demonstrated strong growth potential across its diversified business segments, consistently delivering high ROTCE and maintaining a strong excess capital position. Recent Q2 2026 results highlighted record revenues in Institutional Securities and significant growth in Wealth Management, reaching a long-term target of $10 trillion in total client assets. Furthermore, Morgan Stanley is well-positioned to capitalize on the projected $10 trillion AI capital spending cycle and holds a strong pipeline with approximately 70% of the top 100 unicorns for potential IPOs.

Bear Case

The bear case for Morgan Stanley involves concerns over broader macroeconomic factors and geopolitical risks, which could lead to reduced deal activity and a slowdown in fee income if market conditions cool or asset prices decline. Potential challenges within the company's investment management sector could also lead to lower revenues and profitability. Additionally, the Q2 2026 10-Q noted credit provisions tied to specific commercial real estate and corporate loans, indicating potential areas of vulnerability. Analysts also suggest that the current valuation already prices in much of the company's quality, implying that the stock may not present a simple bargain for investors.

Technical Outlook

Morgan Stanley's stock is currently priced at $217.72, showing a daily increase of 0.26%. Over the past week, the stock has risen by 1.08%, though it experienced a slight monthly decline of 0.19%. Looking at the longer term, MS has seen a significant 46.09% increase over the last year. The 52-week trading range for the stock is between $146.29 and $232.25.

Fundamental Health

Morgan Stanley exhibits robust fundamental health. The company's earnings per share (EPS) increased by 40% year-on-year and 12% quarter-on-quarter, with net income rising by 37% YoY and 11% QoQ. Its P/E ratio stands at 17.59. The total assets are 8% greater than total liabilities, indicating a solid financial position. In Q2 2026, the firm reported a strong Return on Tangible Common Equity (ROTCE) of 26.6% and achieved record Institutional Securities revenue of $11 billion. The Wealth Management segment also performed exceptionally, adding a record $148 billion in net new assets and contributing to a total of $10 trillion in client assets across Wealth and Investment Management. Earnings are projected to grow by 2.19% in the coming year.

Key Catalysts

  • Global macroeconomic conditions and geopolitical stability.
  • Performance and growth across Institutional Securities, Wealth Management, and Investment Management segments.
  • Increased capital spending related to Artificial Intelligence (AI) initiatives.
  • Reopening and activity in the Initial Public Offering (IPO) market.
  • Changes in interest rates and regulatory environments.
  • The firm's ability to strategically deploy its excess capital.

This analysis was conducted by Highly Regarded's proprietary market analysis engine. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.

Go Deeper on MS

Key Stats

P/E Ratio 22.2x
EPS (Diluted) $9.75
Operating Margin 30.6%
Net Margin 23.7%
Revenue (Qtr) $68.98B
Shares Outstanding 1.58B

Next Earnings

Date Oct 14, 2026
Time Before Open
Quarter Q3 2026
EPS Estimate $3.13

MS News

No recent news for MS.