Morgan Stanley 8-K
PositiveEarnings
Active markets drove record Equities results and stronger Investment Banking; Workplace client IPOs fueled Wealth Management asset inflows.
Filed 2026-07-15 07:50 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results, with record net revenues and diluted EPS. Active markets and client activity lifted results across all three businesses; Institutional Securities was led by Equities and Investment Banking, while Wealth Management added $148B in net new assets.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Net revenues | $21.3B | $16.8B | +27% |
| Income before provision for income taxes | $7.35B | $4.62B | +59% |
| Net income applicable to Morgan Stanley | $5.58B | $3.54B | +58% |
| Earnings per diluted share | $3.46 | $2.13 | +62% |
- Institutional Securities net revenues rose 44% to $11.0B, led by record Equities results and stronger Investment Banking; Wealth Management revenue increased 14% to $8.86B on higher asset management fees, client activity and net interest income.
- Wealth Management net new assets were $148B, with just over half tied to certain Workplace-channel client IPOs; total client assets were $8.08T.
- Common-stock repurchases were $1.5B for 8M shares, vs $1.0B for 8M shares a year earlier; period-end shares outstanding fell 2% Y/Y to 1.572B. The board authorized a new repurchase program of up to $20B beginning Q3 2026, and raised the quarterly dividend by $0.15 to $1.15 per share, payable 8/14/2026.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether active markets and client engagement continue supporting Institutional Securities revenue and Wealth Management asset flows in coming quarters.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3