Morgan Stanley filings document the company’s financial services business, capital structure, governance and material events. The record includes 8-K reports for current events, proxy materials for annual meeting and shareholder voting matters, and securities listings covering common stock, depositary preferred shares and medium-term notes associated with Morgan Stanley Finance LLC.
Filings also disclose governance procedures, registered security classes, NYSE listing information, preferred stock series, debt-security registration matters and formal status changes such as a Form 25 notice for removal of a listed note class from exchange registration.
Morgan Stanley reported record second-quarter 2026 net revenues of $21.3 billion, up from $16.8 billion a year earlier. Net income applicable to Morgan Stanley was $5.6 billion, or $3.46 per diluted share, compared with $3.5 billion, or $2.13 per share. Return on equity was 20.7% and return on tangible common equity was 26.6%, with a firm expense efficiency ratio of 65%.
Institutional Securities delivered record net revenues of $11.0 billion (vs. $7.6 billion), led by strong Equity trading and 58% higher Investment Banking revenues. Wealth Management generated record net revenues of $8.9 billion and a 30.5% pre-tax margin, with $148.1 billion of net new assets and client assets of $8.1 trillion. Investment Management posted net revenues of $1.6 billion and AUM of $2.0 trillion, including $34.5 billion of total net flows.
The firm’s Standardized Common Equity Tier 1 capital ratio was 14.8%, and the Advanced CET1 ratio was 16.2%. Morgan Stanley repurchased $1.5 billion of common stock (8 million shares) in the quarter, the board reauthorized a common equity repurchase program of up to $20 billion, and the quarterly dividend was increased to $1.15 per share. Provision for credit losses was $98 million, and the effective tax rate was 23.1%.
Morgan Stanley Finance LLC is offering market-linked, principal-at-risk notes linked to the iShares Semiconductor ETF, maturing July 26, 2028 and fully guaranteed by Morgan Stanley. Each security has a $1,000 face amount and pays a contingent coupon at a rate of at least 21.10% per year, but only for months when the ETF’s closing price is at or above 60% of the initial level.
After an initial six‑month non‑call period, the notes are automatically called on a monthly observation date if the ETF closes at or above the starting price, returning $1,000 plus the applicable coupon. If not called, principal repayment at maturity depends on the final ETF level: investors receive $1,000 only if the ending price is at or above the 60% downside threshold; otherwise, repayment is reduced in full proportion to the ETF’s decline, with losses of more than 40% and up to 100% of principal possible.
The price to the public is $1,000 per security, including selling and structuring costs that result in an estimated value of about $963.70 on the pricing date. The notes lack principal protection, may make no coupon payments, have limited or no secondary market liquidity, and all payments depend on the credit of Morgan Stanley Finance LLC and Morgan Stanley.
Morgan Stanley Finance LLC is issuing Contingent Income Memory Auto-Callable Securities due July 24, 2031, unsecured notes fully and unconditionally guaranteed by Morgan Stanley and linked to the S&P® 500 Futures 40% Intraday 4% Decrement VT Index. Each security has a $1,000 stated principal amount and issue price, with an estimated value on the pricing date of approximately $910.40 per security, reflecting costs of issuing, selling, structuring and hedging.
The notes pay a 12.35% per annum contingent coupon on scheduled coupon payment dates only when the underlier’s closing level on the related observation date is at or above 70% of its initial level. Missed coupons can be paid later if a future observation date meets the barrier. Beginning January 21, 2027, the notes are automatically redeemed if on any redemption determination date the underlier is at or above 100% of its initial level, returning principal plus the current coupon and any previously unpaid coupons, after which no further payments are made.
If the notes are not called and on the final observation date the underlier is at or above 60% of its initial level, investors receive the full principal plus any due contingent coupon. If the final level is below 60%, repayment is reduced 1% for each 1% decline in the underlier, so the maturity payment can be significantly less than $1,000, including zero. All payments are subject to Morgan Stanley’s credit risk. U.S. tax treatment is uncertain; non-U.S. holders may face 30% withholding on coupons, with no additional amounts paid in respect of such withholding.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is offering $4,120,000 of Jump Securities with an auto-callable feature due July 15, 2031. Each unsecured, principal-at-risk note has a $1,000 stated principal amount and pays no periodic interest.
The return depends on the worst performer of the Dow Jones Industrial Average and the S&P 500 Index. From October 12, 2026, the notes are automatically redeemed on set dates if both indices are at or above their initial levels, paying fixed early redemption amounts that target roughly 12% per year, after which no further payments occur.
If not called, at maturity investors receive principal plus 100% of any gain in the worst index if both finish above initial levels, principal only if both stay at or above 75% of initial, or a 1-for-1 loss with the worst index below that barrier, potentially losing the entire investment. The estimated value on the pricing date is $969.30 per note, below the issue price, and all payments are subject to Morgan Stanley credit risk.
Morgan Stanley Finance LLC is offering $65,795,000 of Leveraged Buffered S&P 500 Index‑Linked Notes due August 11, 2027, fully and unconditionally guaranteed by Morgan Stanley. The notes pay no interest and the principal is at risk, with returns linked to the S&P 500 Index.
At maturity, investors receive 150% of any positive index return, capped at a Maximum Settlement Amount of $1,151.50 per $1,000 Face Amount. If the index is down, losses are 1% for each 1% decline up to a 10% loss, and beyond a 20% decline losses increase at 112.5% of further downside, exposing investors to a possible total loss. The Initial Underlier Level is 7,482.71. The estimated value on the trade date is $988.70 per note, below the $1,000 Original Issue Price due to issuance, structuring and hedging costs and Morgan Stanley’s internal funding rate. The notes are unsecured, not listed, and subject to the credit risk of MSFL and Morgan Stanley, with limited and discretionary secondary market making by Morgan Stanley & Co.
Morgan Stanley Finance LLC is offering $2,130,000 of Buffered Jump Securities with Auto-Callable Feature and Downside Factor due July 13, 2028, linked to the Global X Defense Tech ETF and fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 stated principal amount and issue price, with an estimated value on the pricing date of $983.60.
The notes pay no interest. They auto-call on July 23, 2027 if the ETF closes at or above the $61.19 call threshold, returning $1,149.50 per $1,000 note. If held to maturity and not called, holders receive 125% participation in upside when the final level exceeds the $61.19 initial level, return of principal if it stays at or above the $52.012 buffer level, and leveraged losses of 1.1765% for each 1% decline beyond the 15% buffer, with no minimum repayment. All payments depend on Morgan Stanley’s credit, and secondary-market liquidity and tax treatment are uncertain.
Morgan Stanley Finance LLC is offering U.S. dollar-denominated digital equity‑linked notes tied to TPG Inc. Class A common stock, fully and unconditionally guaranteed by Morgan Stanley. Each note has a $1,000 face amount, pays no interest, and is expected to mature roughly 13–15 months after pricing.
At maturity, if TPG’s final share price is at least 80% of the initial level, investors receive a fixed cash payment equal to the Maximum Settlement Amount, expected between $1,210.80 and $1,248.00 per note (121.08%–124.80% of face). If TPG declines by more than 20%, the payoff falls according to a formula using a 125% buffer rate and can drop to zero, so principal is fully at risk.
The public offering price is $1,000 per note, including a 1.08% sales commission, with $989.20 per note to the issuer. Morgan Stanley estimates the initial economic value at about $972.70 per note, reflecting structuring and hedging costs and an internal funding rate. The notes are unsecured, unlisted, have no early redemption, and depend on Morgan Stanley’s credit and any secondary market making.
Morgan Stanley Finance LLC is issuing Fixed Income Auto-Callable Securities due August 13, 2027, linked to the common stock of NVIDIA Corporation and fully guaranteed by Morgan Stanley. Each security has a $1,000 stated principal amount and pays a fixed coupon at 12.75% per annum, with monthly payments.
The notes may be automatically redeemed starting January 8, 2027 if NVIDIA’s closing level is at or above the $210.96 call threshold (100% of the initial level), returning principal plus the coupon for that period. If not called, and on the August 10, 2027 observation date the final level is at or above the $126.576 downside threshold (60% of the initial level), investors receive full principal plus the final coupon. If the final level is below the downside threshold, principal is reduced 1% for each 1% decline in the underlier, potentially to zero, though the final coupon is still paid.
The securities are principal at risk, unsecured obligations of MSFL, subject to Morgan Stanley’s credit, and are not FDIC insured. The aggregate principal amount is $1,776,000, offered at $1,000 per security, with an estimated value on the pricing date of $990.80 per security.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing market-linked notes due January 13, 2028 based on the worst performing of the Nasdaq-100 Index and the S&P 500 Index. Each note has a $1,000 principal amount, with $250,000 aggregate principal offered.
The notes pay no interest. At maturity, if both indices finish above their initial levels (29,825.11 for NDX and 7,575.39 for SPX), holders receive principal plus 100% of the worst index’s gain, capped at a maximum $1,114.50 per note. If either index is at or below its initial level, holders receive only the $1,000 principal, so upside is limited while principal is returned only at maturity.
The notes are unsecured obligations subject to Morgan Stanley’s credit risk, are not listed on any exchange, and may trade at a discount; the initial estimated value is $985.40 per $1,000 note. They are expected to be treated as contingent payment debt instruments for U.S. tax purposes, requiring accrual of taxable interest income over the term.
Morgan Stanley Finance LLC, fully guaranteed by Morgan Stanley, is issuing $1,260,000 of Callable Contingent Income Securities due July 15, 2031, linked to the worst performing of the Nasdaq-100 Technology Sector Index, the Russell 2000 Index and the VanEck Semiconductor ETF. Each note has a $1,000 stated principal amount and issue price.
The notes pay a 26.00% per annum contingent coupon on scheduled payment dates only when all three underliers close at or above their coupon barrier levels, set at 75% of initial levels. Principal repayment is not guaranteed: if, at maturity, any underlier is below its downside threshold level, set at 60% of its initial level, and the notes have not been called, repayment is reduced in proportion to the worst underlier’s decline, potentially to zero.
Beginning January 14, 2027, the issuer may redeem the notes in whole on specified redemption dates at par plus any due coupon, but only if a risk neutral valuation model indicates redemption is economically rational for the issuer. The estimated value on the pricing date is $976.60 per security, below the $1,000 issue price, and all payments are subject to Morgan Stanley’s credit risk and limited secondary-market liquidity.