Morgan Stanley (MS) Earnings Call Transcripts
Morgan Stanley's Latest Earnings Call - Q2 FY2026
In the second quarter of 2026, Morgan Stanley reported record revenues of $21.3 billion and earnings per share (EPS) of $3.46, marking a strong performance for the first half of the fiscal year with total revenues of $42 billion and EPS of $690 million. The company highlighted significant growth in its Wealth Management segment, achieving a record $148 billion in organic net new assets. Management maintained a positive outlook, emphasizing the strength of their capital position and strategic initiatives, including a 15% increase in the quarterly dividend to $1.15 per share.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $21.3B (beat) |
| EPS | $3.46 (beat) |
| Wealth Management Revenue | $8.9B (positive) |
| Net New Assets (NNA) | $148B (positive) |
| Institutional Securities Revenue | $11B (positive) |
| CET1 Ratio | 14.8% (positive) |
Guidance from management
Management expects a modest sequential increase in net interest income for the third quarter, supported by strong loan growth and higher-than-expected sweep balances.
What analysts pressed on
Analysts expressed concerns about the sustainability of net new asset growth in the Wealth Management segment, particularly regarding the workplace channel and potential competition from smaller RIAs. There were also inquiries about the durability of trading activity in Asia and pricing power in the equities business.
Main topics on the call
- Record Revenue and EPS — Morgan Stanley achieved record revenues of $21.3 billion and EPS of $3.46, reflecting strong performance across all segments. CEO Ted Pick noted, "In the second quarter, Morgan Stanley again delivered top line and bottom...
- Wealth Management Growth — The Wealth Management segment generated a record $8.9 billion in revenues, with total client assets reaching $10 trillion. Management stated, "We remain the industry leader with record net new assets of $148 billion and ...
- Institutional Securities Performance — Institutional Securities reported record revenues of $11 billion, driven by a strong equities franchise and investment banking activities. Sharon Yeshaya highlighted, "Momentum in Institutional Securities continued in th...
- Capital Position and Dividend Increase — Morgan Stanley's CET1 ratio ended the quarter at 14.8%, with a capital cushion of at least 300 basis points. The firm announced a 15% increase in its quarterly dividend to $1.15 per share, reflecting strong capital accre...
Read the full Morgan Stanley transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Morgan Stanley
Morgan Stanley (MS) is a publicly listed company in the Capital Markets industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 64 calls on record spanning January 16, 2020 to July 15, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 64 Morgan Stanley earnings call transcripts on record, spanning January 16, 2020 to July 15, 2026. Based on this history, Morgan Stanley reports quarterly. The most recent call on file is dated July 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- MS
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Capital Markets
- Calls on record
- 64
- First call
- January 16, 2020
- Most recent
- July 15, 2026
- Reporting cadence
- quarterly