Morgan Stanley Reports Q3 2026 Earnings with Strong Revenue and Asset Growth
Morgan Stanley reported strong third-quarter earnings for 2026, driven by robust performance across its Wealth Management and Institutional Securities segments. Net revenues reached $20.3 billion, up from $18.2 billion in the same period last year, with earnings per diluted share rising to $3.03 compared to $2.80 a year ago. The firm's return on tangible common equity remained above 20% for five consecutive quarters at 22.6%, and total client assets hit a record high of $10.5 trillion. Wealth Management revenue reached a new peak of $9.1 billion, supported by higher asset management fees and growth in the bank offering. Institutional Securities also saw strong results with an 18% year-over-year increase to $10.0 billion, driven largely by equities and advisory services. The firm repurchased seven million shares for $1.5 billion during the quarter while maintaining a solid capital position. Despite these gains, CEO Ted Pick highlighted ongoing global risks including conflicts in the Middle East and Ukraine, higher interest rates, energy prices, and uncertain policy developments as potential headwinds that could affect investor behavior into 2027.
Tickers: $MS
Topics: earnings Institutional Securities revenue growth Wealth Management