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MS-PP

Morgan Stanley

MS-PP

Morgan Stanley • NYSE
$25.82 ▲ 0.00% (+0.00)
Market Cap $41.04 B
52w High $26.75
52w Low $24.70
Dividend Yield 1.63%
P/E 0
Volume 15.26K
Outstanding Shares 1.59B

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
 $21.27Bn ▲$8.98Bn ▼$7.64Bn ▼$8.52Bn ▲
Investment Management Segment
Investment Management Segment
 $4.41Bn ▲$1.60Bn ▼$1.55Bn ▼$1.65Bn ▲
Wealth Management Segment
Wealth Management Segment
 $21.15Bn ▲$7.33Bn ▼$7.76Bn ▲$8.23Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Morgan Stanley’s income statement shows a business that has grown meaningfully while staying solidly profitable. Revenue has climbed over the past five years, with 2024 standing out as a particularly strong year. Profitability dipped from peak levels during the more volatile rate and market environment but has since recovered, with recent earnings well above the mid‑period trough. Margins look healthy for a large financial institution, suggesting good cost control and pricing power in key businesses like wealth management and capital markets. Overall, the earnings profile is cyclical but resilient, with the latest year signaling renewed strength.

Balance Sheet

Balance Sheet The balance sheet looks large, diversified, and generally stable over time. Total assets have edged up, not surged, which fits a mature global bank managing its size and risk base carefully. Debt has increased gradually, but equity has also grown, indicating that the firm is not stretching itself aggressively. Cash levels move around from year to year, which is normal for a trading‑ and markets‑heavy institution, but there is no obvious sign of stress in the summary figures. In simple terms, the firm appears well‑capitalized with a balanced mix of funding sources.

Cash Flow

Cash Flow Cash flows are choppy and can look counterintuitive if viewed like an industrial company. Operating cash flow swings between strongly negative and positive years, driven largely by movements in trading assets, client balances, and other working‑capital‑like items that are inherent to capital markets businesses. Free cash flow is often negative after these swings and modest capital spending, but this is not unusual for a large broker‑dealer and investment bank. The key takeaway is that reported cash flow volatility reflects business mix and market conditions more than underlying operational weakness.

Competitive Edge

Competitive Edge Morgan Stanley holds a strong competitive position built on brand, scale, and diversification. It is a go‑to institution for corporations and governments in capital markets and advisory work, while also being a major player in wealth management and asset management. This mix provides multiple revenue streams that can offset each other across cycles. Its reputation, deep client relationships, and highly regarded research franchise further reinforce client loyalty. Scale gives it cost advantages and the ability to invest heavily in technology and talent, making its competitive moat broad and multi‑layered.

Innovation and R&D

Innovation and R&D The firm is leaning hard into technology, especially artificial intelligence, as a core part of its strategy rather than a side project. It is using AI tools to make its advisors more productive, summarize client meetings, mine research, interpret central bank communications, and suggest tailored next steps for clients. These tools are built on a strong data and infrastructure backbone and are being rolled out across wealth and institutional businesses. At the same time, Morgan Stanley is integrating acquired platforms like E*TRADE and Eaton Vance and exploring themes such as decarbonization and demographic shifts. This combination of AI adoption and thematic innovation aims to deepen client engagement and widen its moat over time.

Summary

Overall, Morgan Stanley appears as a mature, globally important financial institution that has grown its revenues and maintained solid profitability through a changing rate and market environment. Its balance sheet looks robust and well managed, while cash flow volatility largely reflects the nature of its capital markets activities. Competitively, it benefits from a powerful brand, diversified business lines, and economies of scale. Its aggressive embrace of AI and digital tools, alongside integration of recent acquisitions, positions it to enhance productivity and client experience. The main watchpoints are typical for a large capital‑markets‑exposed bank: sensitivity to market cycles, regulatory changes, and the execution risk of large‑scale technology and platform integration efforts.