Morgan Stanley Q3 revenue rises 12% to $20.3 billion; EPS $3.03
Morgan Stanley reported third-quarter 2026 net revenues of $20.3 billion, up 12% from a year earlier, and diluted earnings of $3.03 per share, up from $2.80. Net income applicable to Morgan Stanley rose to $4.9 billion, but return on average tangible common equity eased to 22.6% from 23.5%, and both revenue and EPS were lower than in the second quarter of 2026. The company also repurchased $1.5 billion of its common stock and declared a $1.15 quarterly dividend per share.
Key points
- Net revenues of $20.3 billion vs. $18.2 billion in Q3 2025, and down 5% from $21.3 billion in Q2 2026
- Diluted EPS of $3.03 vs. $2.80 a year ago and $3.46 in Q2 2026
- Wealth Management posted record net revenues of $9.1 billion and net new assets of $232.4 billion
- $1.5 billion of stock repurchased; $1.15 quarterly dividend payable November 13, 2026 to holders of record October 30, 2026
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 October 14, 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.