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Morgan Stanley

MS

NYSEFinancial ServicesFinancial - Capital Markets

Regular session

$213.85

−$0.35 · -0.16%

Aug 24, 2:00 PM ET

MS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

77

Undervalued

Momentum

54

Neutral

Sentiment

60

Mixed

Risk resilience

75

Moderate Risk

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Company profile

Company website

Morgan Stanley operates as a prominent financial holding company, delivering a comprehensive suite of financial solutions and services. Its diverse clientele spans major corporations, governmental bodies, financial institutions, and individual clients across various global regions, including the Americas, Europe, the Middle East, Africa, and Asia. The firm's operations are structured into three primary divisions: Institutional Securities, Wealth Management, and Investment Management. Within the Institutional Securities segment, Morgan Stanley provides crucial capital-raising and strategic financial advisory services. This includes underwriting activities for debt, equity, and other financial instruments, alongside expert counsel on mergers and acquisitions, corporate reorganizations, real estate transactions, and project financing. Furthermore, this division is a key player in sales and trading, offering services like sales execution, financing solutions, prime brokerage, and market-making across equity and fixed-income products, encompassing foreign exchange and commodities. It also extends corporate and commercial real estate loans, furnishes secured lending facilities, supports sales and trading clients with financing, and engages in asset-backed and mortgage lending. Investment and research services, along with specific wealth management offerings, are also part of this segment. The Wealth Management segment caters to individual investors, as well as small to medium-sized enterprises and institutions. It offers a broad spectrum of services, from financial advisor-led and self-directed brokerage and investment guidance to comprehensive financial and wealth planning. This segment also delivers workplace solutions, such as stock plan administration, and provides annuity and insurance products. Lending options include securities-backed loans, residential real estate mortgages, and other credit facilities, complemented by banking and retirement plan services. Finally, the Investment Management segment is dedicated to providing specialized investment products, including equity, fixed income, liquidity, and alternative strategies. These offerings are distributed through institutional and intermediary channels to a sophisticated client base that features benefit and defined contribution plans, foundations, endowments, governmental entities, sovereign wealth funds, insurance companies, and corporate and third-party fund sponsors. Morgan Stanley's origins trace back to its founding in 1924, and its global headquarters are situated in New York, New York.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Edward N. Pick
Listed since
Feb 23, 1993
Employees
83,000

Market position

Day range

Current $213.85

52-week range

Current $213.85

Open
$214.83
Previous close
$214.2
Volume
1.54M
0.27× average
Average volume
5.65M
Average daily volume
Market cap
337.3B USD
Beta
1.21
Market reference 1
50-day average
$216.83
-1.37% below average
200-day average
$188.42
+13.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
642.76B USD
EV / EBITDA
24.15×
Earnings yield
6.05%
Free cash flow yield
16.53%

Profitability & efficiency

Return on equity
15.10%
Return on assets
1.19%
Return on invested capital
1.69%

Financial health

Current ratio
1.17×
Altman Z-score
0.5
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends106%71%36%2%Gross margin, FY2021: 97.63%Gross margin, FY2022: 79.92%Gross margin, FY2023: 56.79%Gross margin, FY2024: 55.61%Gross margin, FY2025: 57.07%Operating margin, FY2021: 34.04%Operating margin, FY2022: 22.55%Operating margin, FY2023: 13.38%Operating margin, FY2024: 17.06%Operating margin, FY2025: 19.09%Net margin, FY2021: 26.02%Net margin, FY2022: 17.65%Net margin, FY2023: 10.29%Net margin, FY2024: 12.98%Net margin, FY2025: 14.66%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 97.63%. Gross margin FY2022 79.92%. Gross margin FY2023 56.79%. Gross margin FY2024 55.61%. Gross margin FY2025 57.07%. Operating margin FY2021 34.04%. Operating margin FY2022 22.55%. Operating margin FY2023 13.38%. Operating margin FY2024 17.06%. Operating margin FY2025 19.09%. Net margin FY2021 26.02%. Net margin FY2022 17.65%. Net margin FY2023 10.29%. Net margin FY2024 12.98%. Net margin FY2025 14.66%.

Income trends

Revenue

114.98B USD+11.48%

Operating income

21.95B USD+24.77%

Net income

16.86B USD+25.92%
Income trends across reported periods125.57B USD83.21B USD40.86B USD−1.5B USDRevenue, FY2021: 57.78B USDRevenue, FY2022: 62.48B USDRevenue, FY2023: 88.29B USDRevenue, FY2024: 103.15B USDRevenue, FY2025: 114.98B USDOperating income, FY2021: 19.67B USDOperating income, FY2022: 14.09B USDOperating income, FY2023: 11.81B USDOperating income, FY2024: 17.6B USDOperating income, FY2025: 21.95B USDNet income, FY2021: 15.03B USDNet income, FY2022: 11.03B USDNet income, FY2023: 9.09B USDNet income, FY2024: 13.39B USDNet income, FY2025: 16.86B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 57.78B USD. Revenue FY2022 62.48B USD. Revenue FY2023 88.29B USD. Revenue FY2024 103.15B USD. Revenue FY2025 114.98B USD. Operating income FY2021 19.67B USD. Operating income FY2022 14.09B USD. Operating income FY2023 11.81B USD. Operating income FY2024 17.6B USD. Operating income FY2025 21.95B USD. Net income FY2021 15.03B USD. Net income FY2022 11.03B USD. Net income FY2023 9.09B USD. Net income FY2024 13.39B USD. Net income FY2025 16.86B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue114.98B USD103.15B USD88.29B USD62.48B USD57.78B USD
Cost of goods sold49.37B USD45.79B USD38.15B USD12.55B USD1.37B USD
Gross profit65.62B USD57.36B USD50.14B USD49.93B USD56.41B USD
Selling, general, and administrative30.25B USD27.14B USD25.1B USD23.96B USD25.27B USD
Operating expenses43.66B USD39.76B USD38.32B USD35.84B USD36.74B USD
Interest income59.06B USD54.14B USD45.85B USD21.6B USD9.41B USD
Interest expense49.02B USD45.52B USD37.62B USD12.27B USD1.37B USD
Depreciation and amortization4.66B USD5.16B USD4.26B USD4B USD4.22B USD
Operating income21.95B USD17.6B USD11.81B USD14.09B USD19.67B USD
Net income16.86B USD13.39B USD9.09B USD11.03B USD15.03B USD

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
10.2
FY2025 · +28.30% year over year
Latest fiscal-year revenue
114.98B USD
FY2025 · +11.48% year over year
Next fiscal-year EPS consensus
12.9
FY2026 · 16 analysts
Next fiscal-year revenue consensus
81.86B USD
FY2026 · 12 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend17.513.028.544.06FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend120.7B97.82B74.94B52.06BFY21FY22FY23FY24FY25FY26FY27FY28

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$239.5

11.99% upside
Past 12 months12-month forecastHigh $260Average $239.5Low $215

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$3.85

2025 complete year+83.3% since 2021

2026 partial: $3.15

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jul 31, 2026

$1.15

Quarterly

Record Jul 31, 2026 · Payment Aug 14, 2026

Dividend

Ex-dividend Apr 30, 2026

$1.00

Quarterly

Record Apr 30, 2026 · Payment May 15, 2026

Dividend

Ex-dividend Jan 30, 2026

$1.00

Quarterly

Record Jan 30, 2026 · Payment Feb 13, 2026

Dividend

Ex-dividend Oct 31, 2025

$1.00

Quarterly

Record Oct 31, 2025 · Payment Nov 14, 2025

Dividend

Ex-dividend Jul 31, 2025

$1.00

Quarterly

Record Jul 31, 2025 · Payment Aug 15, 2025

Dividend

Ex-dividend Apr 30, 2025

$0.925

Quarterly

Record Apr 30, 2025 · Payment May 15, 2025

MS peers

ETFs holding MS

Funds reporting this stock among their holdings, ordered by reported position size.

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