Morgan Stanley (MS)
NYSE · Financials · analysed October 12, 2026
Morgan Stanley (NYSE: MS) is a global financial services firm founded in 1935 and headquartered in New York City. The company operates through three primary divisions—Institutional Securities, Wealth Management, and Investment Management—providing investment banking, sales and trading, wealth planning, and asset management services to corporations, governments, institutions, and individual clients. Its strategic priorities center on expanding durable, fee-based revenue by scaling its wealth and asset management platforms, integrating artificial intelligence tools across its advisory services, and reinforcing its global capital markets and advisory franchises.
Executive summary
Morgan Stanley has successfully transformed into a wealth and asset management powerhouse overseeing more than $9.3 trillion in client assets, providing high-margin, recurring revenues that balance its episodic investment banking and equities trading businesses5,9. The firm trades at roughly 14.8 times forward earnings while consensus anticipates 24.5% earnings growth in fiscal 2026, supported by robust deal pipelines and a $20.0 billion share repurchase authorization2,7,8. While macroeconomic sensitivity and deposit sweep pricing pressure represent ongoing headwinds, the company's entrenched scale and fee stability provide an attractive competitive profile5,28,31.
Sources cited here, 7 of 33
- 2marketbeat.com
- 5sec.gov
- 7zacks.com
- 8zacks.com
- 9morganstanley.com
- 28thestreet.com
- 31investmentnews.com
Key figures
- Market cap
- $298.4B
- P/E, trailing
- 15.3
- P/E, next 12 months
- 14.8
- Revenue growth, last fiscal year
- 14.9%
- Net margin, last fiscal year
- 23.9%
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