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MS-PI

Morgan Stanley

MS-PI

Morgan Stanley • NYSE
$25.18 ▲ 0.04% (+0.01)
Market Cap $236.11 B
52w High $26.75
52w Low $24.21
Dividend Yield 1.62%
P/E 3.2
Volume 33.02K
Outstanding Shares 9.38B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $30.048B ▲ $11.055B ▲ $4.61B ▲ 15.342% ▲ $2.83 ▲ $7.376B ▲
Q2-2025 $28.162B ▲ $10.786B ▼ $3.539B ▼ 12.567% ▼ $2.15 ▼ $5.929B ▼
Q1-2025 $27.912B ▲ $10.838B ▲ $4.315B ▲ 15.459% ▲ $2.62 ▲ $6.409B ▼
Q4-2024 $25.982B ▼ $10.022B ▼ $3.714B ▲ 14.295% ▲ $2.25 ▲ $6.551B ▲
Q3-2024 $26.328B $10.039B $3.188B 12.109% $1.91 $5.491B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $103.049B ▼ $1.365T ▲ $1.254T ▲ $109.962B ▲
Q2-2025 $216.002B ▲ $1.354T ▲ $1.245T ▲ $108.184B ▲
Q1-2025 $87.565B ▼ $1.3T ▲ $1.192T ▲ $106.812B ▲
Q4-2024 $401.589B ▼ $1.215T ▼ $1.11T ▼ $104.511B ▲
Q3-2024 $434.537B $1.258T $1.153T $103.647B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $12.657B ▲ $-15.624B ▼ $-33.187B ▼ $43.734B ▲ $103.728B ▲ $-15.429B ▼
Q2-2025 $3.575B ▼ $11.829B ▲ $-17.672B ▼ $21.667B ▲ $18.391B ▲ $11.066B ▲
Q1-2025 $4.371B ▲ $-23.976B ▼ $-5.034B ▲ $13.045B ▼ $-14.647B ▼ $-24.689B ▼
Q4-2024 $3.724B ▲ $11.8B ▲ $-10.15B ▼ $15.255B ▼ $14.302B ▲ $10.921B ▲
Q3-2024 $3.226B $-17.323B $-6.696B $23.048B $924M $-18.239B

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Institutional Securities Segment
Institutional Securities Segment
 $14.25Bn ▲$8.98Bn ▼$7.64Bn ▼$8.52Bn ▲
Investment Management Segment
Investment Management Segment
 $3.03Bn ▲$1.60Bn ▼$1.55Bn ▼$1.65Bn ▲
Wealth Management Segment
Wealth Management Segment
 $14.27Bn ▲$7.33Bn ▼$7.76Bn ▲$8.23Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Morgan Stanley’s revenue has climbed steadily over the past several years, with a particularly strong step-up in the most recent period. After a dip in profitability in the middle of the five‑year window, earnings have recovered and now sit around record levels. This suggests the firm has been able to grow its fee and trading businesses while also restoring margins after a tougher environment. Overall, the income statement shows a large, mature institution that has successfully reignited profit growth, though results still depend on market conditions and deal activity.

Balance Sheet

Balance Sheet The balance sheet is very large and has inched higher over time, as you would expect from a global investment bank. Cash levels have moved around from year to year but remain solid, while debt has gradually risen and equity has stayed broadly stable with only modest growth. This points to a business that is using leverage more actively over time but still maintains a meaningful capital base. The structure is typical for a major financial institution: sizeable, complex, and sensitive to funding markets and regulation, but not showing any obvious imbalance in the headline figures.

Cash Flow

Cash Flow Reported cash flows are quite volatile, swinging between strong inflows and sizable outflows. Free cash flow has often been negative, despite only modest spending on physical assets. For a bank, this pattern is not unusual because lending, trading, and balance‑sheet repositioning can dominate the cash flow statement and make it look erratic. Still, it means that simple cash flow trends are harder to rely on for this business than for a traditional industrial company, and short‑term movements in funding and client activity can heavily influence the reported numbers.

Competitive Edge

Competitive Edge Morgan Stanley holds a powerful position in global finance. It combines a top‑tier investment bank with a large and growing wealth and asset management franchise, giving it a more balanced and resilient earnings base than a pure trading or deal‑driven shop. Its brand is one of the strongest in the industry, helping attract both high‑value clients and top talent. Scale is a major advantage: the firm can invest heavily in technology, offer a very broad product set, and execute complex, global transactions that smaller rivals struggle to match. The main challenges come from intense competition with other global banks and boutiques, as well as the usual regulatory and market‑cycle pressures.

Innovation and R&D

Innovation and R&D The firm is leaning hard into technology, especially data and artificial intelligence, to strengthen its moat. In wealth management, AI tools recommend personalized actions for advisors and summarize research and client meetings, aiming to improve both productivity and client experience. In trading, Morgan Stanley has long invested in low‑latency electronic platforms and advanced analytics to win more client flows. The integration of digital platforms like E*TRADE and expansion into areas such as alternative investments, private markets access, and sustainable finance show a willingness to innovate beyond traditional banking. This technology‑driven approach could deepen client relationships and efficiency, but it also requires continuous investment and careful management of operational and data risks.

Summary

Overall, Morgan Stanley looks like a mature, globally significant financial institution that has returned to strong earnings growth after a period of pressure. Its balance sheet is large and leveraged in a way that is typical for a major bank, with gradual increases in debt and relatively steady equity. Reported cash flows are choppy, reflecting the nature of a capital‑markets business rather than a simple manufacturing‑style cash engine. Strategically, the company benefits from a powerful brand, global scale, and a diversified mix of institutional, wealth, and investment management activities. Its aggressive push into AI, digital platforms, private markets, and sustainable investing underpins a forward‑looking strategy, while also exposing it to the usual technology, regulatory, and market‑cycle uncertainties that come with being at the center of global finance.