Morgan Stanley (MS) Stock Shrugs Off Strong Q3 Earnings Returns

Morgan Stanley just reported Q3 2026 numbers that kept return on tangible common equity above 20% for a fifth straight quarter, yet the stock barely budged, up only 0.3% to about US$182. The headline story is simple: this was a profitability test, not a growth scare. Net income of US$4.8b and earnings per share a little above US$3 kept the margin story intact while the market reaction stayed almost indifferent. Love Morgan Stanley’s 20% plus return on tangible common equity but concerned that...