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Morgan Stanley Posts Strong Q3 2026 Earnings as Wealth Management Revenue Hits Record $9.1 Billion

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MS$186.64 −1.78%

Morgan Stanley (MS) delivered strong financial performance in the third quarter of 2026, reporting net revenues of $20.3 billion, up from $18.2 billion in the same period last year. Net income reached $4.9 billion, yielding diluted earnings per share of $3.03 and a return on tangible common equity of 22.6%. Despite the solid financial results, shares traded lower by 1.78% today to $186.60.

The quarter's growth was led by the Wealth Management division, which generated record revenue of $9.1 billion and attracted $232.4 billion in net new assets. Institutional Securities also expanded, taking in $10.0 billion in revenue behind stronger equity trading and higher advisory activity in investment banking. Meanwhile, Investment Management pulled in $15.8 billion in positive long-term net flows, lifting total assets under management to over $2.04 trillion.

Investors should monitor credit quality, as provisions for credit losses increased due to lending expansion and charge-offs in commercial real estate and corporate loans. Capital strength remains solid, with a standardized CET1 ratio of 14.9%. The firm continues returning capital to shareholders, repurchasing $1.5 billion in shares during the quarter and declaring a $1.15 quarterly dividend per share.

Key points

  • Morgan Stanley achieved Q3 2026 net revenues of $20.3 billion and diluted EPS of $3.03, with a return on tangible common equity of 22.6%.
  • Wealth Management generated record net revenues of $9.1 billion while attracting $232.4 billion in net new assets.
  • Institutional Securities revenues climbed to $10.0 billion, fueled by equity revenues of $5.8 billion and investment banking advisory fees.
  • Provision for credit losses rose due to loan growth and charge-offs in commercial real estate and corporate lending.
  • The firm repurchased $1.5 billion of stock during the quarter and declared a quarterly dividend of $1.15 per share.

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Questions and answers

What were Morgan Stanley's Q3 2026 revenue and earnings per share?

Morgan Stanley reported Q3 2026 net revenues of $20.3 billion and diluted earnings per share of $3.03, alongside net income of $4.9 billion.

How did Morgan Stanley's Wealth Management segment perform in Q3 2026?

Wealth Management achieved record quarterly net revenues of $9.1 billion, a pre-tax margin of 30.4%, and net new assets of $232.4 billion.

What dividend did Morgan Stanley declare for Q3 2026?

Morgan Stanley declared a quarterly dividend of $1.15 per share and repurchased $1.5 billion of its common stock during the quarter.