Morgan Stanley (NYSE: MS) reported record second-quarter results for 2026, achieving over $21 billion in revenue and earnings per share of $3.46. Chairman and CEO Ted Pick highlighted a significant milestone with total client assets across the firm reaching $10 trillion.
The institutional securities segment generated record revenue of $11 billion, fueled by a 58% increase in investment banking revenue to $2.4 billion. Wealth management also saw record revenue of $8.9 billion, with a net intake of $148 billion in new assets, indicating strong client activity. Additionally, investment management assets under management (AUM) hit $2 trillion, reflecting a 6% year-over-year revenue increase to $1.6 billion.
Morgan Stanley ended the quarter with a common equity tier 1 ratio of 14.8% and repurchased $1.5 billion in stock, while increasing its quarterly dividend by 15 cents to $1.15 per share. CFO Sharon Yeshaya noted healthy pipelines for investment banking, indicating a constructive outlook for ongoing client engagement and deal activity.
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