Morgan Stanley · NYSE:MS
Morgan Stanley — Debt Investor Presentation (May 2026)
11 slides from Morgan Stanley's debt investor presentation, May 14, 2026
Slide 1: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 14, 2026
Slide 2: Notice
Notice The information provided in this presentation may include certain non-GAAP financial measures. The definition of and/or reconciliation of such measures to the comparable U.S. GAAP figures are included in this presentation, or in the Company’s Annual Report on Form 10-K (‘Form 10-K’), Definiti
Slide 3: Strong Capital Position
Strong Capital Position Net Income(1) ($Bn) Common Equity ($Bn) 16.9 15.0 101.9 104.5 13.4 97.7 94.8 91.4 90.3 11.0 9.1 Common 5.6 Tangible Equity Common 72.5 71.6 79.1 81.5 67.1 66.5 Equity 2021 2022 2023 2024 2025 1Q26 2021 2022 2023 2024 2025 1Q26 Standardized Common Equity Tier 1 Ratio (%)(2) Su
Slide 4: Strong Liquidity Position
Strong Liquidity Position Liquidity Coverage Ratio(1) (%) Average Eligible High Quality Liquid Assets(2) ($Bn) 295 302 267 134% 132% 134% 253 129% 130% 130% 238 239 2021 2022 2023 2024 2025 1Q26 2021 2022 2023 2024 2025 1Q26 Average Total Liquidity Resources(3) ($Bn) Liquidity Resources Composition(
Slide 5: Diversified and Durable Funding Mix
Diversified and Durable Funding Mix Morgan Stanley Core Funding Core Funding Overview ($Bn) Total GAAP 1,188 1,180 1,194 1,215 1,420 1,581 Shareholders’ Assets: Deposits Equity 162 117 • Strong capital base • Primarily sourced from • Common stock Wealth Management 87 supplemented by $9.8Bn clients 9
Slide 6: Unsecured Borrowings: Diversified and Durable Funding Structure
Unsecured Borrowings: Diversified and Durable Funding Structure Unsecured Debt Issuance and Maturities(1) 2021-1Q26 Unsecured Debt Issuance (%) ($Bn) 136 By Currency By Tenor 106 2% 87 90 74 75 74 3% 5% 61 61 5% 55 USD 16% <3yrs 35 13% 26 EUR 38% 3-5yrs Other 5% 5-7yrs JPY 7-10yrs 2021 2022 2023 202
Slide 7: High Quality Lending Portfolio with Disciplined Growth
High Quality Lending Portfolio with Disciplined Growth Total Loans and Lending Commitments(1) Total Loans, net of ACL(1) ($Bn), Net of ACL ($Bn), As of March 31, 2026 IM Loans $0.5Bn 0 515 72 498 21 WM Loans ISG Loans 20 106 $186Bn $120Bn 423 23 19 377 186 359 181 14 20 WM SBL & Other 336 17 include
Slide 8: Credit Ratings
Credit Ratings As of May 14, 2026 Moody’s S&P Fitch Morgan Stanley Outlook Stable Stable Stable Long-Term A1 A- A+ Short-Term P-1 A-2 F1 Subordinated Debt Baa1 BBB+ A- Preferred Stock Baa3 BBB- BBB Morgan Stanley Bank, N.A. (1) Outlook Stable Stable Stable Long-Term Aa3 A+ AA Morgan Stanley Private
Slide 9: End Notes
End Notes This presentation may include certain metrics, including non-GAAP financial measures, which we believe to be useful to us, investors, analysts and other stakeholders by providing further transparency about, or an additional means of assessing, our financial condition and operating results.
Slide 10: End Notes (Continued)
End Notes (Continued) These notes refer to the financial metrics presented on slide 3. 1. Net Income Applicable to Morgan Stanley. 2. For further information, refer to ‘Regulatory Requirements’ on pages 23-28 in the Firm’s Quarterly Report on Form 10-Q for the period ended March 31, 2026. 3. As of J
Slide 11: Morgan Stanley Fixed Income Investor Presentation
Morgan Stanley Fixed Income Investor Presentation As of May 14, 2026
Morgan Stanley — Debt Investor Presentation (May 2026) on 6ix