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Morgan Stanley Q3 2026 · Story

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MSQ3 20261/5

Estimate vs Actual

Earnings per Share

Estimate
$3.00
Actual
$3.03

+1.1% vs Estimate

Revenue

Estimate
$20.6 B
Actual
$20.3 B

−1.0% vs Estimate

MSQ3 20262/5

Guidance

Long-Term ROTCE Goal

Company Guidance
20%

2.6 Pts Above Goal ▲

Wealth Mgmt Margin Goal

Company Guidance
30%

0.4 Pts Above Goal ▲

Efficiency Ratio Goal

Company Guidance
70%

3.0 Pts Below Ceiling ▲

MSQ3 20264/5

In 30 Seconds

Net revenue of $20.34 billion beat by 1.9%, and EPS of $3.03 beat by 4.1%.

  • Wealth management took in $232.4 billion of net new assets, but more than half was tied to IPOs.
  • The stock closed 2.8% lower on declines in investment management and fixed income trading.

First point of the analysis's “In 30 Seconds”.

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