Slide 1: Morgan Stanley Third Quarter 2026 Earnings Results
Morgan Stanley Third Quarter 2026 Earnings Results Morgan Stanley Reports Net Revenues of $20.3 Billion, EPS of $3.03 and ROTCE of 22.6% NEW YORK, October 14, 2026 – Morgan Stanley (NYSE: MS) today reported net revenues of $20.3 billion for the third quarter ended September 30, 2026 compared with $1
Slide 2: Third Quarter Results: Institutional Securities
Third Quarter Results Institutional Securities Institutional Securities reported net revenues of $10.0 billion compared with $8.5 billion a year ago. Pre-tax income was $3.5 billion compared with $3.2 billion a year ago.4 Investment Banking net revenues up 2%: ($ millions) 3Q 2026 3Q 2025 • Advisory
Slide 3: Wealth Management and Investment Management
Wealth Management Wealth Management reported record net revenues of $9.1 billion compared with $8.2 billion a year ago. Record pre- tax income of $2.8 billion resulted in a pre-tax margin of 30.4%.4,14 Record net new assets were $232 billion, with just over half associated with IPO-related flows.9 F
Slide 4: Other Matters
Other Matters 3Q 2026 3Q 2025 • The Firm repurchased $1.5 billion of its outstanding Common Stock Repurchases common stock during the quarter as part of its Share Repurchases ($MM) $1,540 $1,085 Repurchase Program. Number of Shares (MM) 7 7 • The Board of Directors declared a $1.15 quarterly Average
Slide 5: Morgan Stanley is a leading global financial services firm
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm’s employees serve clients worldwide including corporations, governments, instit
Slide 6: Footnotes
1 Includes preferred dividends related to the calculation of earnings per share for the third quarter of 2026 and 2025 of approximately $158 million and $160 million, respectively. 2 The Firm prepares its Consolidated Financial Statements using accounting principles generally accepted in the United
Slide 7: Footnotes (continued)
Approach”) and (ii) applicable advanced approaches for calculating credit risk, market risk and operational risk RWAs (the “Advanced Approach”). For information on the calculation of regulatory capital and ratios, and associated regulatory requirements, please refer to "Management’s Discussion and A
Slide 8: Consolidated Income Statement Information
Consolidated Income Statement Information (unaudited, dollars in millions) Quarter Ended Percentage Change From: Nine Months Ended Percentage Sep 30, 2026 Jun 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025 Change Revenues: Investment banking $ 2,361 $ 2,651 $ 2,266 (11%) 4
Slide 9: Consolidated Financial Metrics, Ratios and Statistical Data
Consolidated Financial Metrics, Ratios and Statistical Data (unaudited) Quarter Ended Percentage Change From: Nine Months Ended Percentage Sep 30, 2026 Jun 30, 2026 Sep 30, 2025 Jun 30, 2026 Sep 30, 2025 Sep 30, 2026 Sep 30, 2025 Change Financial Metrics: Earnings per basic share $ 3.07 $ 3.50 $ 2.8