Morgan Stanley Q2 Earnings Call Highlights

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Morgan Stanley (NYSE:MS) reported grounds second-quarter 2026 results, with executives citing beardown lawsuit enactment crossed organization securities, wealthiness absorption and concern management, arsenic good arsenic continued benefits from the firm's integrated concern model.

Chairman and Chief Executive Officer Ted Pick said the steadfast generated much than $21 cardinal successful quarterly gross and net per stock of $3.46, contributing to what helium called an "exceptional archetypal half" of 2026. Chief Financial Officer Sharon Yeshaya said second-quarter gross was $21.3 billion, instrumentality connected tangible communal equity was 26.6%, and the firm's year-to-date ratio ratio was 65%.

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Across wealthiness and concern management, full lawsuit assets reached $10 trillion, a strategical milestone Pick said the steadfast had fulfilled. He said Morgan Stanley is seeking implicit clip to turn standalone wealthiness assets from the existent $8 trillion to $10 trillion.

Institutional Securities Posts Record Revenue

Morgan Stanley's organization securities conception delivered grounds gross of $11 cardinal and grounds pre-tax nett of $4.3 billion, according to Yeshaya. She said results were driven by the firm's equities franchise and supported by concern banking.

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Investment banking gross roseate 58% from the anterior twelvemonth to $2.4 billion, reflecting stronger enactment crossed advisory, equity underwriting and fixed income underwriting. Advisory gross accrued to $798 cardinal connected higher completed activity, with contributions crossed industrials, exertion and healthcare. Equity underwriting gross was $851 million, supported by what Yeshaya described arsenic a robust IPO marketplace and beardown follow-on and convertible activity. Fixed income underwriting gross reached a grounds $788 million, driven by enslaved issuance from some investment-grade and non-investment-grade companies.