MS

Morgan Stanley

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Morgan Stanley.

R40: 11$282.21B
$177.49+8.70 (+5.15%)● Live
Current Narrative

Morgan Stanley delivered record results in 2025 — $70.65B net revenues, $16.9B net income, $10.21 EPS. The integrated model under CEO Ted Pick is firing: Investment Banking surged 47% in Q4 on M&A/debt underwriting, while Wealth Management hit a record $31.8B annual revenue. E*Trade integration is complete, providing a major retail platform. The 2026 outlook is bullish: S&P target of ~7,500, AI capex tailwinds, and the bull market has room to run despite geopolitical risks.

News

Latest Coverage

NewsFeb 6

Morgan Stanley Inclusive & Sustainable Ventures Hosts Global Demo Day

Hosted annual global Demo Day spotlighting startups in inclusive growth and sustainability; over 300 investors attended; applications open through March 31 for next cohort.

NewsFeb 6

Morgan Stanley Demo Day Underscores ESG Focus And Future Deal Pipelines

Annual Inclusive & Sustainable Ventures event emphasizes ESG-driven startups; highlights potential future M&A and partnership pipelines in sustainable tech.

NewsFeb 4

Morgan Stanley $4 Billion Senior Notes Offering

Completed SEC-registered global offering of $4B fixed-to-floating-rate notes due 2037; bolsters funding and capital flexibility amid strong balance sheet.

NewsFeb 2

Politics, Commodities Star Early in 2026 – E*TRADE Monthly Market Commentary

Notes modest US stock gains in January despite political noise; commodities as standout performers; discusses Fed pause and expectations for two rate cuts in H2 2026.

NewsFeb 1

E*TRADE from Morgan Stanley Releases Monthly Sector Rotation Study

Monthly analysis highlights sector trends and rotation opportunities for investors; part of ongoing retail investor tools amid political volatility.

In-DepthFeb 1

2026 Outlooks: Market and Economic Forecasts

Comprehensive outlook: moderate global growth with wide outcome range; bull market has room to run with near double-digit S&P returns possible (target ~7,500); AI capex/policy tailwinds.

See all news →
Rule of 402025 Q4
11.0
✗ Below 40
Revenue Growth YoY+11.0%
+
FCF Margin+0.0%
History
-124
Q1
78
Q2
-3
Q3
11
Q4
2025 R40 -11
ANALYST RATINGS
$170
MS
Outperform$180
Initiated
2025-10-03
Outperform$160
Upgrade
2025-07-09
Equal Weight$142
Upgrade
2024-11-15
Buy$118
Upgrade
2024-10-04
Underweight$95
Downgrade
2024-08-02
See all 14 ratings →
Revenue
2025Q4$17.9B
*Qtr, USD
EPS
2025Q4$2.68
*Qtr, USD per share
P/E Ratio
2025Q417.36
*Qtr, x
Free cash flow
0
2025Q4$0.00
*Qtr, USD
Shares
Loading...
Cumulative FCF
0
2025Q4$19.8B
*Running total, USD
Company timeline

Earnings release dates

QuarterEnd datePublication dateSource
2025 Q42025-12-312026-01-15Link
2025 Q32025-09-302025-10-15Link
2025 Q22025-06-302025-07-16Link
2025 Q12025-03-312025-04-11Link
2024 Q42024-12-312025-01-16Link
2024 Q32024-09-302024-10-16Link
2024 Q22024-06-302024-07-16Link
2024 Q12024-03-312024-04-16Link
Background

Company History

ExchangeNYSE
IPO DateMar 21, 1986
Shares Outstanding1.59Bi
1935
Founding as Morgan Stanley
Spun off from J.P. Morgan to focus on investment banking under Glass-Steagall; establishes elite underwriting reputation.
1980
Expansion into Mergers & Acquisitions
Pioneers modern M&A advisory; handles landmark deals, shifting narrative to strategic advisor for corporations.
1997
Merger with Dean Witter Discover
Combines investment banking with retail brokerage/credit cards; creates diversified model and sets stage for wealth management scale.
2008
Financial Crisis and Bank Holding Company Conversion
Converts to bank holding company for stability; acquires Smith Barney from Citi; navigates crisis with government support.
2013
Full Acquisition of Smith Barney
Gains full control of wealth management joint venture; builds leading wealth franchise, diversifying revenue beyond volatile IB.
2020
Acquisition of E*TRADE
$13B deal adds digital brokerage platform; accelerates retail investor access and boosts wealth management assets.
2021
Acquisition of Eaton Vance
$7B purchase expands asset/wealth management; enhances investment capabilities, reinforcing 'integrated firm' strategy.
2025
Record Performance and Integrated Firm Evolution
Record $70.6B revenue, strong IB rebound, wealth dominance; CEO Ted Pick leads resilient, diversified powerhouse.
Leadership

Key Players

Ted Pick
Chairman & CEO
CEO since Jan 2024, Chairman since Jan 2025. Joined in 1990. Engineered Fixed Income turnaround. Former Head of Institutional Securities. Middlebury BA, Harvard MBA.
Andy Saperstein
Co-President & Head of Wealth Management
Co-President since 2021. Heads Wealth & Investment Management. Joined via Smith Barney in 2006. Former McKinsey partner. Harvard Law JD, Wharton/Penn dual degree.
Dan Simkowitz
Co-President & Head of Institutional Securities
Co-President since Jan 2024. Oversees Investment Banking, Equities, Fixed Income, Global Capital Markets. Long-standing institutional business leader.
Sharon Yeshaya
EVP & CFO
CFO since June 2021. Started as M&A analyst at Morgan Stanley. Former Head of Investor Relations. Wharton/Penn dual degree summa cum laude. NewYork-Presbyterian board.
Short Interest

Short interest data unavailable for MS.

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