Morgan Stanley Q2 Net Rev $21.3B, EPS $3.46; Raises Dividend
Morgan Stanley reported strong second-quarter 2026 results with net revenues reaching a record $21.3 billion, a 27% increase year-over-year, and diluted earnings per share of $3.46, up 62%. The firm achieved a robust 26.6% Return on Tangible Common Equity. Wealth Management saw record net new assets of $148 billion, contributing to total client assets across Wealth and Investment Management reaching the $10 trillion milestone. The Board also reauthorized a new share repurchase program of up to $20 billion and increased the quarterly dividend to $1.15 per share.
Key Highlights
- Net Revenues increased 27% to $21.3 billion from $16.8 billion year-over-year.
- Diluted EPS rose 62% to $3.46 from $2.13 year-over-year.
- Net income applicable to Morgan Stanley increased 58% to $5.6 billion.
- Return on Tangible Common Equity (ROTCE) was 26.6%, up from 18.2% a year ago.
- Wealth Management added a record $148 billion in net new assets.
- Total client assets across Wealth and Investment Management reached $10 trillion.
- Board reauthorized a multi-year common equity share repurchase program of up to $20 billion.
- Quarterly dividend increased by $0.15 to $1.15 per share.
Price Impact
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