Morgan Stanley

MS

Market cap $360B

Morgan Stanley (MS) Q2 2026 Earnings Call Transcript

Wall Street's largest banks struck a reassuring tone on U.S. consumer health, citing steady spending, rising loan balances and healthy credit quality that suggest households remain resilient despite growing economic uncertainty.

Pre-market futures are gathering steam following this morning's slew of economic data, which was quite encouraging overall. Wholesale inflation and another round of Q2 earnings results, along with a New York manufacturing index, has seen the blue-chip Dow up from +99 points to +140 at this hour.

Year over year wholesale inflation pulls back to +5.5%, 100 bps lower than last month's initial print.

Morgan Stanley delivered robust Q2 results, with EPS up 63% YoY and tangible book value per share rising to $53.18. Total revenue reached $21.35B, up 4% QoQ, while operating expenses grew just 3%, supporting margin expansion. Trading revenue was flat sequentially but surged 42% YoY; dividend was increased by 15% to $1.15 per share.

Morgan Stanley's Q2 earnings surge 62.4% as record equity revenues, stronger IB and $10T in client assets fuel growth. MS raised its quarterly dividend 15%.

Morgan Stanley (MS) shares are inching higher on Wednesday morning after the bank posted Q2 earnings that came in miles above Street estimates. The multinational reported a 27% year-on-year increase in its net revenue to a record $21.4 billion on 58% growth in earnings per share (EPS) to $3.46 – also an all-time high.

The headline numbers for Morgan Stanley (MS) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Morgan Stanley (NYSE:MS) reported record second quarter revenue and profit that topped Wall Street expectations on Wednesday, driven by strength across its institutional securities, wealth management and investment management businesses. The bank posted earnings per diluted share of $3.46 on net revenue of $21.35 billion for the quarter ended June 30, exceeding analysts' expectations of $2.93 per share on revenue of $19.63 billion.

Morgan Stanley NYSE: MS reported record second-quarter 2026 results, with executives citing strong client activity across institutional securities, wealth management and investment management, as well as continued benefits from the firm's integrated business model.