Morgan Stanley (MS): price, analyst ratings, earnings and fundamentals
Updated 16 September 2026, 11:35 ET
Morgan Stanley (MS) closed at $206.28 on 15 September 2026, down 0.1%. The stock is down 5.1% over one month and up 31.9% over one year. It trades 11.2% below its 52-week high of $232.25. Analysts recorded 17 actions in the last 90 days; the median price target of $240 is 16.3% above the last close. The company last reported on 15 July 2026 for Q2 2026: EPS of $3.46 against an estimate of $2.81, a beat of 23.1%, on revenue of $21.3 billion.
Price and performance
Performance figures use dividend and split adjusted closes over trading sessions, so a one-year move compares the last close with the close 252 sessions earlier. The 52-week range uses the adjusted daily highs and lows of the same window. Read the guide: Momentum, trend and technical indicators.
The live chart with technical indicators is in the app: open MS in FundSpec.
Analyst ratings
Over the last 90 days FundSpec recorded 17 analyst actions on MS from 13 firms: 15 maintained or reiterated a view, 1 upgrade and 1 downgrade. Price targets were 16 raised. The most recent targets from 13 firms range from $195 to $262, with a median of $240, 16.3% above the last close.
| Date | Firm | Action | Price target |
|---|---|---|---|
| 3 Aug 2026 | UBS | Maintains Buy | $255.00 to $260.00 |
| 21 Jul 2026 | HSBC | Maintains Hold | $190.00 to $215.00 |
| 17 Jul 2026 | BMO Capital | Maintains Outperform | $240.00 to $250.00 |
| 17 Jul 2026 | Freedom Broker | Upgrades to Buy from Hold | $200.00 to $245.00 |
| 17 Jul 2026 | Evercore ISI Group | Maintains Outperform | $233.00 to $240.00 |
| 17 Jul 2026 | Citigroup | Maintains Neutral | $220.00 to $235.00 |
| 16 Jul 2026 | JP Morgan | Maintains Neutral | $187.00 to $195.00 |
| 16 Jul 2026 | Wells Fargo | Maintains Equal-Weight | $225.00 to $240.00 |
| 16 Jul 2026 | Barclays | Maintains Overweight | $230.00 to $262.00 |
| 16 Jul 2026 | Keefe, Bruyette & Woods | Maintains Outperform | $225.00 to $250.00 |
A price target is one firm's twelve-month view, and the median across firms is a steadier reading than any single call. Upgrades and downgrades matter more when they change a rating, not only a target. Read the guide: What analyst ratings and price targets actually tell you.
Every action with the firm's history is in Analyst Ratings.
Earnings
The next report is scheduled for 14 October 2026 before the open for Q3 2026, with EPS expected at $3.13 on revenue of $20.6 billion. Morgan Stanley beat the EPS estimate in 8 of its last 8 reported quarters.
| Period | Reported | EPS estimate | EPS actual | Surprise | Revenue |
|---|---|---|---|---|---|
| Q2 2026 | 15 Jul 2026 | $2.81 | $3.46 | +23.13% | $21.3B |
| Q1 2026 | 15 Apr 2026 | $3.04 | $3.43 | +12.83% | $20.6B |
| Q4 2025 | 15 Jan 2026 | $2.43 | $2.68 | +10.29% | $17.9B |
| Q3 2025 | 15 Oct 2025 | $2.09 | $2.80 | +33.97% | $18.2B |
| Q2 2025 | 16 Jul 2025 | $1.98 | $2.13 | +7.58% | $16.8B |
| Q1 2025 | 11 Apr 2025 | $2.20 | $2.60 | +18.18% | $17.7B |
| Q4 2024 | 16 Jan 2025 | $1.69 | $2.22 | +31.36% | $16.2B |
| Q3 2024 | 16 Oct 2024 | $1.58 | $1.88 | +18.99% | $15.4B |
An earnings surprise is the reported EPS against the consensus estimate on the day. The price reaction depends as much on guidance and on what was already priced in as on the surprise itself. Read the guide: Earnings season: estimates, surprises and price reaction.
Estimates, confirmed dates and alerts for every company are in Earnings.
Fundamentals
For the period ended 30 June 2026, Morgan Stanley reported revenue of $34.5 billion and net income of $5.6 billion. On a trailing twelve month basis the company shows revenue growth of 13.96%, a gross margin of N.A., an operating margin of N.A. and a return on equity of 17.95%.
Income statement
| Line | Amount |
|---|---|
| Revenue | $34,470,000,000 |
| Depreciation & Amortization | $1,202,000,000 |
| Pre-tax Income | $7,348,000,000 |
| Income Tax Expense | $1,695,000,000 |
| Net Income | $5,581,000,000 |
Cash flow
| Line | Amount |
|---|---|
| Cash from Operating Activities | -$2,747,000,000 |
| Stock-based Compensation | $562,000,000 |
| Cash from Investing Activities | -$7,204,000,000 |
| Cash from Financing Activities | $37,060,000,000 |
| Dividends Paid | $1,677,000,000 |
| Share Repurchases | $1,500,000,000 |
Assets
| Line | Amount |
|---|---|
| Cash & Cash Equivalents | $160,135,000,000 |
| Restricted Cash | $37,098,000,000 |
| Other Receivables | $151,010,000,000 |
| Operating Lease Right-of-Use Assets | $4,164,000,000 |
| Goodwill Intangible Assets, Net | $22,978,000,000 |
| Deferred Tax Asset | $5,245,000,000 |
| Total Assets | $1,675,057,000,000 |
Liabilities and equity
| Line | Amount |
|---|---|
| Long-term Debt | $383,156,000,000 |
| Operating Lease Liabilities, Long-term | $4,996,000,000 |
| Total Liabilities | $1,557,617,000,000 |
| Common Stock | $20,000,000 |
| Additional Paid In Capital | $31,597,000,000 |
| Retained Earnings | $122,774,000,000 |
| Treasury Stock | -$41,483,000,000 |
| Other Accumulated Comprehensive Income | -$6,329,000,000 |
| Total Stockholders Equity | $116,329,000,000 |
| Total Liability & Stockholders Equity | $1,675,057,000,000 |
Figures as filed with the SEC for the period ended 30 June 2026, in US dollars.
FundSpec fundamental metrics
Each metric is computed from the company's filings and ranked against every company FundSpec covers; the percentile is the share of covered companies with a lower value.
Leverage
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Debt/Assets | 0.23 | 68th | Calculated as the ratio of Short-Term Debt + Long-Term Debt / Total Assets. The higher the ratio, the higher the degree of leverage, and consequently, financial risk |
| Debt/Equity | 3.29 | 93rd | Calculated as the ratio of Total Liabilities / Shareholders' Equity. The ratio indicates how much debt a company is using to finance its assets relative to the amount of value represented in shareholders’ equity |
| Long Term Debt/Long Term Capital | 0.77 | 82nd | Calculated as Long-Term Debt / (Long-Term Debt + Shareholders' Equity). The ratio is an indicator of the company's leverage |
Earnings Growth (Net Income)
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Net Income Pct Growth | 36.6% | 67th | The Net Income growth rate over the trailing twelve months (TTM) |
| Net Income Pct Growth 3 year CAGR | 26.2% | 80th | The Net Income compound annual growth rate (CAGR) over the past 3 years |
| Net Income Pct Growth 5 year CAGR | 8.0% | 61st | The Net Income compound annual growth rate (CAGR) over the past 5 years |
Cashflow
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Operating Cashflow Pct Growth | -11.8% | 33rd | The Operating Cashflow growth rate over the trailing twelve months (TTM) |
| Operating Cashflow Pct Growth 3 year CAGR (FY) | 27.6% | 81st | The Operating Cashflow compound annual growth rate (CAGR) over the past 3 years |
| Operating Cashflow Pct Growth 5 year CAGR (FY) | -82.8% | 2nd | The Operating Cashflow compound annual growth rate (CAGR) over the past 5 years |
Profitability
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| PreTax Margin Pct | 20.1% | 78th | Calculated as the ratio of (Gross profit - (Operating Expense + Interest Expense)) / Revenue. The pretax profit margin enables profitability to be compared across companies with significant differences in size, scale, capital structure and tax rates. |
| Return on Assets Pct | 1.3% | 61st | Calculated as the ratio of Net Income / Total Assets. It is an indicator of how efficient the company is at using its assets to generate earnings. |
| Return on Equity Pct | 18.0% | 83rd | Calculated as the ratio of Net Income / Shareholders' equity. It is a measure of how much profit a company generates with the money shareholders have invested. |
Top Line Growth
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Revenue Pct Growth | 14.0% | 69th | The Revenue (Sales) growth rate over the trailing twelve months (TTM) |
| Revenue Pct Growth 3 year CAGR | 16.8% | 79th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 3 years |
| Revenue Pct Growth 5 year CAGR | 17.6% | 79th | The Revenue (Sales) compound annual growth rate (CAGR) over the past 5 years |
Taxes
| Metric | Value | Percentile | What it measures |
|---|---|---|---|
| Effective Tax Rate Pct | 22.1% | 74th | The effective tax rate of the company over the trailing twelve months (TTM). |
Margins and returns say how much of each dollar of sales becomes profit and how hard the balance sheet is working; leverage and liquidity say how much room the company has when conditions turn. Read the guide: A practical guide to discounted cash flow valuation.
Fair value, peer multiples and the full statement history are in the app: open MS in FundSpec.
Insider activity
In the last 90 days insiders filed 7 transactions: 7 disposals covering 457,440 shares. Acquisitions include awards and option exercises as well as open market purchases. The largest by value was a disposal of 414,396 shares by Ufj Financial Group Inc Mitsubishi, 10% Owner on 30 July 2026, worth about $88.4 million at the transaction price.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 30 Jul 2026 | Ufj Financial Group Inc Mitsubishi | 10% Owner | Disposal | 414,396 | $213.28 | $88.4M |
| 28 Jul 2026 | Mary L Schapiro | Director | Disposal | 1,000 | $212.06 | $212K |
| 28 Jul 2026 | Mary L Schapiro | Director | Disposal | 2,325 | ||
| 17 Jul 2026 | Michael A. Pizzi | Head Technology & Operations | Disposal | 17,064 | $215.00 | $3.7M |
| 17 Jul 2026 | Michael A. Pizzi | Head Technology & Operations | Disposal | 7,101 | $216.88 | $1.5M |
| 16 Jul 2026 | Sharon Yeshaya | Chief Financial Officer | Disposal | 9,172 | $222.51 | $2.0M |
| 16 Jul 2026 | Sharon Yeshaya | Chief Financial Officer | Disposal | 6,382 | $222.51 | $1.4M |
| 1 Jun 2026 | Thomas H Glocer | Director | Acquisition | 512 | $209.96 | $108K |
| 1 Jun 2026 | Perry M Traquina | Director | Acquisition | 369 | $209.96 | $78K |
| 1 Jun 2026 | Dennis M Nally | Director | Acquisition | 345 | $209.96 | $72K |
| 1 Jun 2026 | Lynn J Good | Director | Acquisition | 274 | $209.96 | $57K |
| 1 Jun 2026 | Douglas L. Peterson | Director | Acquisition | 274 | $209.96 | $57K |
| 1 Jun 2026 | Megan Butler | Director | Disposal | 190 | $209.96 | $40K |
| 1 Jun 2026 | Perry M Traquina | Director | Acquisition | 1,310 | ||
| 1 Jun 2026 | Judith A Miscik | Director | Acquisition | 1,310 |
Insider filings record what officers and directors did with their own shares. Disposals are often planned sales or tax related, so a pattern across several insiders says more than one filing.
SEC filings
The latest filing is a 10-Q from 4 August 2026.
| Filed | Form | Document |
|---|---|---|
| 4 Aug 2026 | 10-Q | View on sec.gov |
| 5 May 2026 | 10-Q | View on sec.gov |
| 19 Feb 2026 | 10-K | View on sec.gov |
| 3 Nov 2025 | 10-Q | View on sec.gov |
| 4 Aug 2025 | 10-Q | View on sec.gov |
| 5 May 2025 | 10-Q | View on sec.gov |
| 21 Feb 2025 | 10-K | View on sec.gov |
| 4 Nov 2024 | 10-Q | View on sec.gov |
| 5 Aug 2024 | 10-Q | View on sec.gov |
| 3 May 2024 | 10-Q | View on sec.gov |
Company profile
- Exchange
- NYSE
- Sector
- Brokers and Asset Managers
- Industry
- Trading
- Headquarters
- NEW YORK, New York
- Chief executive
- James P. Gorman
- Employees
- 82,400
- Website
- morganstanley.com
- SEC CIK
- 0000895421
Morgan Stanley provides various financial products and services to corporations, governments, financial institutions, and individuals. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The Wealth Management segment offers financial advisor-led brokerage and investment advisory services. The Investment Management segment provides equity, fixed income, liquidity, and alternative/other products.
Sector and peers
Morgan Stanley is part of the Brokers and Asset Managers sector, which FundSpec tracks across 73 companies.
Companies in the same industry by market capitalization:
GS Goldman Sachs Group Inc.SCHW Schwab Charles Corp.IBKR Interactive Brokers Group, Inc.HOOD Robinhood Markets, Inc.RJF Raymond James Financial Inc.
Put two of them side by side in Compare.
FundSpec AI trading models
MS is traded intraday by 1 FundSpec AI model whose verified winning calls FundSpec publishes.
| Model | Verified wins | Average gain | Best gain | Last win |
|---|---|---|---|---|
| Morgan Stanley (MS) day trading model | 105 | 0.54% | 2.32% | 16 Sep 2026 |
A day trading model learns an entry and exit policy for one stock from its intraday history. The record lists calls that closed with a gain; it is a track record, not a forecast. Read the guide: How FundSpec AI trading models work.
In FundSpec: the fair value estimate, the momentum reading, relative valuation against sector and industry peers, unusual options activity and AI model signals for MS are available to subscribers, with the same screen in the iOS and Android apps.
Open MS in FundSpec