Morgan Stanley Q1 net revenues rise 16% to $20.6 billion; EPS $3.43
Morgan Stanley reported first-quarter 2026 net revenues of $20.6 billion, up from $17.7 billion a year earlier, and earnings of $3.43 per diluted share, up from $2.60. The company also said it repurchased $1.75 billion of common stock and declared a $1.00 quarterly dividend per share, which shows how it is returning capital to shareholders.
Key points
- Net income applicable to Morgan Stanley was $5.6 billion, or $3.43 per diluted share, versus $4.3 billion, or $2.60 per diluted share, a year earlier
- Pre-tax income was $7.0 billion, and the expense efficiency ratio improved to 65% from 68%
- The company repurchased $1.75 billion of common stock in the quarter and declared a $1.00 dividend per share payable May 15, 2026 to holders of record on April 30, 2026
- Severance costs of $178 million were recognized in the quarter from a March workforce action
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 15, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.