Morgan Stanley

Latest Results (20.10.2025):

Morgan Stanley reported strong financial results for the third quarter of 2025, showcasing significant growth in net revenues and profitability compared to the same period last year. The firm achieved record net revenues of $18.2 billion, earnings per share of $2.80, and a return on tangible common equity (ROTCE) of 23.5%.

Record Net Revenues

Morgan Stanley reported net revenues of $18.2 billion for Q3 2025, up from $15.4 billion in Q3 2024, highlighting robust performance across all business segments.

Enhanced Profitability

The company achieved a net income of $4.6 billion, or $2.80 per diluted share, compared to $3.2 billion, or $1.88 per diluted share, a year ago. The ROTCE improved to 23.5%, reflecting efficient capital utilization.

Institutional Securities Growth

Institutional Securities saw net revenues rise to $8.5 billion, driven by a 35% increase in Equity net revenues and a rebound in Investment Banking activities, including a 44% growth in Investment Banking net revenues.

Wealth Management Performance

Wealth Management delivered net revenues of $8.2 billion, up from $7.3 billion a year ago, with a pre-tax margin of 30.3% and net new assets of $81 billion, underscoring strong client activity and asset growth.

Investment Management Expansion

The Investment Management division reported net revenues of $1.7 billion for Q3 2025, a 13% increase from the previous year, driven by higher average assets under management and positive fee-based income.

Shareholder Returns

Morgan Stanley repurchased $1.1 billion of its outstanding common stock during the quarter and declared a $1.00 quarterly dividend per share, reinforcing its commitment to shareholder value.