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Morgan Stanley

MS-PI

NYSEFinancial ServicesFinancial - Capital Markets

Previous close

$24.32

$0.00 · 0.00%

Aug 21, 4:00 PM ET

MS-PI 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

76

Undervalued

Momentum

46

Neutral

Sentiment

58

Mixed

Risk resilience

83

Low Risk

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Company profile

Company website

Morgan Stanley is a leading global financial services firm that delivers a wide range of financial products and advisory services. Its diverse client base includes corporate entities, governments, other financial institutions, and private individuals, with operations spanning the Americas, Europe, the Middle East, Africa, and Asia. The company's business activities are organized into three primary divisions: 1. Institutional Securities: This segment focuses on capital formation and strategic financial counsel. It involves underwriting debt, equity, and other securities to help clients raise capital, alongside providing expert advice on mergers and acquisitions, corporate restructurings, real estate deals, and project finance. Additionally, this division conducts sales and trading, offering financing, prime brokerage, and market-making services across equities, fixed income (including foreign exchange), and commodities. It also extends credit through corporate and commercial real estate loans, secured lending facilities for trading clients, and asset-backed and mortgage lending solutions, while providing institutional investment and research insights. 2. Wealth Management: Dedicated to serving individual investors, small to mid-sized businesses, and specific institutional clients, this segment provides both advisor-led and self-directed brokerage options. Its comprehensive offerings include financial and wealth planning, workplace solutions like stock plan administration, annuity and insurance products, and various lending services such as securities-based and residential real estate loans. Banking and retirement plan administration are also key components of this division. 3. Investment Management: This segment caters to institutional clients by offering a broad portfolio of investment products, including equity, fixed income, liquidity, and alternative strategies. Its clientele encompasses pension and defined contribution plans, foundations, endowments, governmental bodies, sovereign wealth funds, insurance firms, and corporate and third-party fund sponsors. These offerings are distributed through both direct institutional and intermediary channels. Established in 1924, Morgan Stanley maintains its global headquarters in New York City.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Edward N. Pick
Listed since
Sep 15, 2014
Employees
83,000

Market position

Day range

Current $24.32

52-week range

Current $24.32

Open
$24.16
Previous close
$24.32
Volume
65.32K
0.98× average
Average volume
66.44K
Average daily volume
Market cap
325.13B USD
Beta
1.21
Market reference 1
50-day average
$24.8362
-2.08% below average
200-day average
$25.0819
-3.04% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
642.76B USD
P/E (TTM)
17.22×
P/B (TTM)
3.05×
P/S (TTM)
2.67×
EV / EBITDA
24.15×
Earnings yield
6.05%
Free cash flow yield
16.53%
Dividend yield
1.94%

Profitability & efficiency

Gross margin
59.72%
Operating margin
20.70%
Net margin
15.99%
Return on equity
15.10%
Return on assets
1.19%
Return on invested capital
1.69%

Financial health

Debt / equity
4.75×
Current ratio
1.17×

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

EPS beat rate
100%
6 beats, 0 misses, 0 met estimates
Average EPS surprise
+18.53%
6 comparable reports
Latest EPS result
3.46
Estimate 2.93 · Beat by 18.09%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.63.012.431.84Q1 '25No estimateQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 16, 2025: actual 2.31, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 2.73, estimate 2.21, surprise +23.53%, Beat. Q3 2025, reported Jul 16, 2025: actual 2.13, estimate 1.98, surprise +7.58%, Beat. Q4 2025, reported Oct 15, 2025: actual 2.9, estimate 2.1, surprise +38.10%, Beat. Q1 2026, reported Jan 15, 2026: actual 2.68, estimate 2.43, surprise +10.29%, Beat. Q2 2026, reported Apr 15, 2026: actual 3.43, estimate 3.02, surprise +13.58%, Beat. Q3 2026, reported Jul 15, 2026: actual 3.46, estimate 2.93, surprise +18.09%, Beat. Q4 2026, reported Oct 14, 2026: actual —, estimate 3.13, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates22.2B19.53B16.86B14.19BQ1 '25No estimateQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 16, 2025: actual 15.04B USD, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 11, 2025: actual 17.6B USD, estimate 16.09B USD, surprise +9.39%, Beat. Q3 2025, reported Jul 16, 2025: actual 16.79B USD, estimate 16.07B USD, surprise +4.52%, Beat. Q4 2025, reported Oct 15, 2025: actual 15.73B USD, estimate 16.69B USD, surprise -5.72%, Miss. Q1 2026, reported Jan 15, 2026: actual 17.89B USD, estimate 17.74B USD, surprise +0.84%, Beat. Q2 2026, reported Apr 15, 2026: actual 20.58B USD, estimate 19.74B USD, surprise +4.26%, Beat. Q3 2026, reported Jul 15, 2026: actual 21.35B USD, estimate 19.67B USD, surprise +8.50%, Beat. Q4 2026, reported Oct 14, 2026: actual —, estimate 20.35B USD, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

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

$1.6159

2025 complete year+1.4% since 2021

2026 partial: $0.8013

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 30, 2026

$0.4073

Quarterly

Record Sep 30, 2026 · Payment Oct 15, 2026

Dividend

Ex-dividend Jun 30, 2026

$0.4029

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$0.3984

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$0.4073

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$0.4073

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$0.4029

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

MS-PI peers

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