Citable filing context
MS's research view summarizes recent SEC filing context, starting with earnings from Jul 15, 2026.
| Filed | Item | Context |
|---|---|---|
| Jul 15, 2026 | earnings | Morgan Stanley reported Q2 2026 net revenues of $21.3 billion and earnings per diluted share of $3.46. |
| Jun 24, 2026 | dividend_change | Morgan Stanley increased its quarterly dividend to $1.15 per share and authorized a $20 billion share repurchase program. |
| May 15, 2026 | other | Morgan Stanley submitted matters to a vote of security holders on May 14, 2026. |
| Jul 1, 2025 | Guidance: cet1_ratio | 12.60 to not reported |
| Jul 1, 2025 | Guidance: quarterly_dividend_per_share | 1.00 to not reported |
| Jul 1, 2025 | Guidance: share_repurchase_program_authorization | not reported to 20.00 |
| Aug 4, 2026 | mda_quarterly | Morgan Stanley reported strong second-quarter 2026 results, with net revenues of $21.3 billion and net income of $5.6 billion, representing year-over-year increases of 27% and 58%, respectively. The firm achieved a return on tangible common equity (ROTCE) of 26.6%, supported by an expense efficiency ratio of 65%. Institutional Securities was a primary growth driver, with net revenues rising 44% to $11.0 billion, fueled by robust performance in Equity and a 58% surge in Investment Banking revenues, particularly in M&A and underwriting. Wealth Management contributed $8.9 billion in net revenues, a 14% increase, benefiting from higher asset management fees, increased net interest income, and $148 billion in net new assets. Investment Management revenues grew 6% to $1.6 billion, driven by higher average assets under management (AUM). Geographically, Asia saw significant momentum with a 71% revenue increase, while the Americas and EMEA grew 22% and 11%, respectively. Operating expenses rose due to higher compensation—linked to formulaic payouts and incentive pay—and increased technology spending. Management noted that while capital markets remain active, ongoing uncertainties regarding geopolitical risks, inflation, and monetary policy could impact future performance. The firm maintains a solid capital position with a 14.9% Common Equity Tier 1 ratio. |
| May 5, 2026 | mda_quarterly | Morgan Stanley reported first-quarter 2026 net revenues of $20.6 billion and net income of $5.6 billion, delivering an ROTCE of 27.1% and a Standardized CET1 capital ratio of 15.1%. Institutional Securities net revenues grew 19% to $10.7 billion, driven by increased M&A advisory activity and strong Markets performance, with particularly high growth in Asia equity. Wealth Management revenues increased 16% to $8.5 billion, supported by $118 billion in net new assets and higher asset management fees resulting from elevated market levels. Conversely, Investment Management revenues declined 4% to $1.5 billion, primarily due to lower accrued carried interest in private funds. Non-interest expenses rose, with compensation and benefits increasing 14% due to formulaic payouts to wealth advisors and discretionary incentives. The firm recognized $178 million in severance costs following a 2% global workforce reduction to improve operational efficiency. Credit loss provisions totaled $98 million, largely attributed to commercial real estate loans and macroeconomic uncertainty. Ongoing risks include geopolitical volatility in the Middle East, inflation, and the trajectory of monetary policy, which may impact capital markets and client engagement. |
Source: SEC EDGAR filing text and events; period Jul 15, 2026; filed Jul 15, 2026.
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