Every 10-Q that Morgan Stanley (MS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MS filings page.
Morgan Stanley reported a strong quarter for the three months ended June 30, 2026, with net revenues of $21.3 billion, up 27% from 2Q 2025, and net income applicable to common shareholders of $5.4 billion, up 60% from $3.4 billion. Diluted EPS rose to $3.46 from $2.13, while the expense efficiency ratio improved to 65%. Profitability metrics were robust, with ROE of 20.7%, ROTCE of 26.6% and a pre-tax margin of 34%.
All segments contributed: Institutional Securities net revenues increased 44% to $11.0 billion, driven by a 58% rise in Investment Banking and 69% growth in Equity. Wealth Management net revenues rose 14% to $8.9 billion, delivering a 30.5% pre-tax margin, $148.1 billion of net new assets and $39.1 billion of fee-based asset flows, with total client assets reaching $8,084 billion. Investment Management net revenues increased 6% to $1.6 billion on higher average AUM and positive long-term net flows of $7.5 billion.
The balance sheet and capital position remained strong: total assets were $1.68 trillion, common equity $106.6 billion, tangible common equity $83.6 billion, and the Standardized CET1 ratio was 14.9%. Average liquidity resources were $404,077 million, LCR was 129% and NSFR 116%. The firm repurchased $1.5 billion of common stock in the quarter and announced a quarterly dividend of $1.15 per share.
Morgan Stanley reported strong first‑quarter 2026 results, with net revenues of $20.6 billion and net income applicable to shareholders of $5.4 billion, up 16% and 30% from a year earlier. Diluted EPS rose to $3.43 from $2.60, and ROE reached 21.0% with ROTCE of 27.1%, above the firm’s 20% ROTCE goal.
Institutional Securities net revenues increased 19% to $10.7 billion, driven by stronger Markets performance and a 36% rebound in Investment Banking, especially Advisory. Wealth Management net revenues grew 16% to $8.5 billion, with a 30.4% pre‑tax margin, $118.4 billion of net new assets and $53.7 billion in fee‑based asset flows. Investment Management net revenues slipped 4% to $1.5 billion as lower performance‑based income offset higher fee revenues on larger AUM.
The firm kept its expense efficiency ratio at 65% despite $178 million of severance tied to a workforce action affecting about 2% of employees. Credit quality remained manageable, with a consolidated provision for credit losses of $98 million, mainly on commercial real estate and macro uncertainty.
Capital and liquidity stayed robust: the Standardized Common Equity Tier 1 capital ratio was 15.1%, Tier 1 leverage 6.1% and the Liquidity Coverage Ratio 130%. Average liquidity resources were $395.1 billion. The firm returned capital through repurchasing $1.75 billion of stock at an average price of $169.15 per share and declared a quarterly common dividend of $1.00 per share.
Morgan Stanley posted strong third-quarter 2025 results, with net revenues of $18.2 billion and net income of $4.6 billion, up 18% and 45% from a year earlier. Diluted EPS rose 49% to $2.80, while return on equity reached 18.0% and ROTCE was 23.5%.
All three business segments contributed: Institutional Securities revenues climbed 25% to $8.5 billion on stronger Equity trading and a rebound in Investment Banking; Wealth Management revenues grew 13% to $8.2 billion with a 30.3% pre-tax margin and $81 billion of net new assets; Investment Management revenues increased 13% to $1.7 billion.
For the first nine months of 2025, net revenues were $52.8 billion, up 16%, and net income was $12.5 billion, up 29%. The firm reported a Standardized CET1 capital ratio of 15.1% and a supplementary leverage ratio of 5.5%, alongside average liquidity resources of $368.1 billion.