MS
Morgan StanleyPrevious close
184.30
Change
−5.70 / −3.00%
P/E (TTM) ?
14.2
Market Cap
$288B
1M
−2.01%
S&P 500 −0.91% over same period
Volume / Avg Volume
7.9M / 6.3M
1.26× average
Latest earnings analysisFY2026 Q2Reported 2026-07-15
Morgan Stanley Q2 FY2026: record $21.35B revenue, EPS $3.46
Morgan Stanley posted record quarterly net revenues of $21.348 billion and diluted EPS of $3.46, beating the $3.0321 consensus by 14.1% and lifting return on tangible common equity to 26.6%. Read the beat as evidence that the trading and wealth engines ran at full speed at the same time; read the capital actions as management's own confidence signal.
Read the full analysis →Revenue$21.35BYoY +27.10%
EPS$3.46Beatest. $3.03
Next-day move−4.45%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-15 | $21.3B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-15 | $20.6B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-15 | $70.6B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-15 | $18.2B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 7 of its 5-year rangeCheap
5-year range 14.0 – 20.1 · Median 17.2
Last 4 quarters: $0 in buybacks + $6.8B in dividends, 2.35% of market cap combined
P/E (TTM)
14.2
P/B
2.5
P/S
2.2
Dividend Yield
4.32%
Earnings Reaction
Over the last 4 reports, the stock moved ±2.4% on average on the first trading day after, rising 0 times
Most recent −4.45%
Volatility & Correlation
1-year beta 1.43 · Correlation with S&P 500 0.64High beta
Annualized volatility 28% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
No open-market buys or sells by officers or directors in the last 90 days.
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q2 | 21.35 | +27.1% | — | 5.58 | 3.46 |
| FY2026 Q1 | 20.58 | +16.0% | — | 5.57 | 3.43 |
| FY2025 Q4 | 17.89 | +10.3% | — | 4.40 | 2.68 |
| FY2025 Q3 | 18.22 | +18.5% | — | 4.61 | 2.80 |
| FY2025 Q2 | 16.79 | +11.8% | — | 3.54 | 2.13 |
| FY2025 Q1 | 17.74 | +17.2% | — | 4.32 | 2.60 |
| FY2024 Q4 | 16.22 | +25.8% | — | 3.71 | 2.23 |
| FY2024 Q3 | 15.38 | +15.9% | — | 3.19 | 1.88 |
| FY2024 Q2 | 15.02 | +11.6% | — | 3.08 | 1.82 |
| FY2024 Q1 | 15.14 | +4.3% | — | 3.41 | 2.02 |
| FY2023 Q4 | 12.90 | +1.2% | — | 1.52 | 0.86 |
| FY2023 Q3 | 13.27 | +2.2% | — | 2.41 | 1.38 |