Morgan Stanley

Morgan Stanley

MS

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Market Cap$332.03B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Morgan StanleyMorgan Stanley16.91.97%23%3.9-

Earnings Call Q2 2026

July 15, 2026 - AI Summary

Record performance in 2Q26 + strong 1H momentum - Morgan Stanley reported record revenues of ~$21.3B and record EPS (ex-CVA) of $3.46; 1H totals: $42B revenue, $6.90 EPS, and 27% return on tangible equity. - ROTCE ~26.6% and year-to-date efficiency ratio 65%; management attributed strength to operating leverage and disciplined execution despite higher execution-related costs and tech investment.
Integrated firm strength: Institutional Securities “record quarter” and Wealth “peak funnel” - Institutional Securities: $11B revenue and $4.3B record pre-tax profit (driven by leading equities and supported by investment banking). - Investment Banking: $2.4B revenues (+58% YoY); Advisory ~$798M, equity underwriting $851M, fixed income underwriting record $788M. - Equities/Markets: $6.3B revenues (record) with strength across products/regions; prime brokerage up YoY and derivatives very strong; rates resilient, FX down vs prior year (volatility near historic lows). - Wealth Management: record $8.9B revenues with record $148B organic net new assets (NNA) and $39B fee-based flows. - Client assets $8T in Wealth; fee-based assets $3T; pre-tax margin 30.5% (record/very strong).
Wealth outlook/trajectory: workplace channel leadership, not “peak” yet - Management emphasized the workplace channel remains a multi-year top-of-funnel engine: ~70% of the top 100 unicorns (by market cap) are in their workplace pipeline. - Expectations: backlog and ongoing client acquisition should continue to convert into advice/fee-based growth; IPO-driven flows ebb and flow by quarter. - Adoption strategy: focused on retaining clients and converting to advisory relationships (referral models, tools like LeadIQ), not just bringing assets in.

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$225.18

Target Price by Analysts

7% upsideMorgan Stanley Target Price DetailsTarget Price
$-71.86

Current Fair Value

134.1% downside

Overvalued by 134.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$332.03 Billion
Enterprise Value$198.50 Billion
Dividend Yield$4.15 (1.97%)
Earnings per Share$10.34
Beta1.22
Outstanding Shares1,571,000,000

Return

Return on Equity22.76%ROE
Return on Assets1.65%
Return on Invested Capital2.55%

Valuation & Multiples

P/E Ratio16.92P/E Ratio
PEG7.83PEG
Price to Sales3.9Price to Sales
Price to Book Ratio2.88Price to Book Ratio
Enterprise Value to Revenue2.34
Enterprise Value to EBIT4.93
Enterprise Value to Net Income7
Total Debt to Enterprise0
Debt to Equity0Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 15, 2026
EPS Estimate
$2.89
Average shareholder expectation
Revenue Estimate
$19.67 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 14, 2026
EPS Estimate
$3.12
Average shareholder expectation
Revenue Estimate
$20.30 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio3.1355▲ 174.34%
Total Calls7,176▼ 99.94%
Total Puts22,500▼ 99.86%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %3.42%▼ 81.03%
Total Invested$11.21B▼ 94.86%
Investors Holding1,268▼ 1313.00%

ESG Score

No data

About Market Vectors Chinese Renminbi/USD ETN

2,020 employees
CEO: James Gorman

The investment seeks to replicate, net of expenses, the S&P Chinese Renminbi Total Return Index. The index tracks the value of the Chinese RMB relative to the U.S. dollar. It follows the value of non-deliverable, three-month currency for...

Relevant Senate Committees

Joint Committee on Taxation

As the body responsible for revenue estimates and technical analysis for tax legislation, this committee directly influences corporate tax structures and the overall tax burden on Morgan Stanley.

Finance

This powerful committee directly impacts Morgan Stanley's profitability through corporate tax policy, and its control over trade policy affects global markets and international business, including currency valuations.

Banking, Housing, and Urban Affairs

This is the primary regulatory committee for the financial industry, directly impacting Morgan Stanley through oversight of the Fed, SEC, bank capital requirements, and cryptocurrency regulation.

Foreign Relations

As a global financial firm with specific exposure to the Chinese Renminbi, Morgan Stanley is highly sensitive to U.S. foreign policy, sanctions, and international market stability influenced by this committee.