Morgan Stanley (MS)
Morgan Stanley (MS): revenue, margins and EPS from its SEC filings, and Graham's reads as they come out.
Dow ·
Morgan Stanley reported a Q3 profit of $4.9 billion, driven by strong wealth management gains and a resurgence in investment banking and IPO inflows.
Private Banker International reported the profit milestone on October 15, 2026, while analyst commentary from RBC and Oppenheimer on the same day highlighted that the Q3 beat was heavily supported by trading activity and investment banking strength.
This counts for the company's fundamentals as it shows a direct improvement in quarterly earnings, driven by a cyclical recovery in capital markets (IPOs and trading) alongside steady asset inflows in its wealth management division.
What to watch next is whether the recovery in investment banking and IPO activity is sustainable into the coming quarters, and how well the wealth management division continues to scale its asset base.
What happened
- MT Newswires, 2026-10-15: Quantum Computing Market Could Grow to $100 Billion-Plus Per Year by 2040, Morgan Stanley Says
- TheStreet, 2026-10-15: Morgan Stanley finds a new twist in Microsoft's AI story
- MT Newswires, 2026-10-15: Morgan Stanley's Q3 Beat Driven by Trading Activity, but Diversification is Key to Sustain Trends, Oppenheimer Says
- MT Newswires, 2026-10-15: Morgan Stanley's Strong Q3 Results Driven by Strength in Investment Banking, Trading, RBC Says
- Private Banker International, 2026-10-15: Morgan Stanley Q3 profit hits $4.9bn on wealth gains and IPO inflows
From its filings
- Quarter ending 2026-06-30: revenue $21.35B (+27.1% vs a year earlier) · EPS 3.46 · filed 2026-08-04
- Quarter ending 2026-03-31: revenue $20.58B (+16.0% vs a year earlier) · EPS 3.43 · filed 2026-05-05
- Quarter ending 2025-12-31: revenue $17.89B (+10.3% vs a year earlier) · EPS 2.68 · filed 2026-02-19
- Quarter ending 2025-09-30: revenue $18.22B (+18.5% vs a year earlier) · EPS 2.80 · filed 2025-11-03
- Quarter ending 2025-06-30: revenue $16.79B (+11.8% vs a year earlier) · EPS 2.13 · filed 2026-08-04
- Quarter ending 2025-03-31: revenue $17.74B (+17.2% vs a year earlier) · EPS 2.60 · filed 2026-05-05
- Quarter ending 2024-12-31: revenue $16.22B (+25.8% vs a year earlier) · EPS 2.23 · filed 2026-02-19
- Quarter ending 2024-09-30: revenue $15.38B (+15.9% vs a year earlier) · EPS 1.88 · filed 2025-11-03
Source: SEC EDGAR, 10-Q/10-K, as filed.