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MS

Morgan Stanley

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Morgan Stanley operates in the Security Brokers, Dealers & Flotation Companies industry.

$191.02+0.44%

Oct 6 close · 1D EOD · Databento

Financial ServicesSecurity Brokers, Dealers & Flotation CompaniesMega-capSEC EDGAR FY 2025-12-31

What happened

Daily closes · dots are Wire stories

1 story has a settled receipt so far (1 on the Wire). The record starts speaking at three.

What’s next

Expected around mid October, going by its own filing history. The company has not announced a date yet. Its matching report came Oct 15, 2025, during the session.

Last report

Jul 15, 2026+0.39%

during the session

Last 4, next close

median 4.62% either way

up 4 of 4

Every report since 2025 →Earnings calendar →

DateEventSourceNext close

Sep 4Anthropic close to awarding Morgan Stanley and Goldman top roles in $2tn IPOFinancial TimesFinancial Times+0.26%
Jul 15Earnings release, during the session · 8-KSEC EDGARSEC EDGAR ↗+0.39%

Next close = the first close after the event against the close before it. Prior-session closes only; not a call, not advice.

What happened · big days

19 big days in a year, and what we hold on each

A big day is a close more than 3.19% from the one before, three times MS’s median day (1.06%). On 12 of the 19, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±3.19%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayMSWhat we hold that dayGroup (median of 4) · each

1 Oct 15, 2025+4.71%
Resultsgroup +0.2%, did not move with it
1Oct 15, 2025+4.71%
ResultsFirst close after the Oct 15 results filing
+0.2% did not move with itSCHW +1.0 · BLK +0.7 · GS −0.4 · HOOD −0.6
2 Jan 15, 2026+5.78%
Resultsgroup +2.7%, did not move with it
2Jan 15, 2026+5.78%
ResultsFirst close after the Jan 15 results filing
+2.7% did not move with itBLK +5.9 · GS +4.6 · SCHW +0.8 · HOOD −7.8
3 Jan 20, 2026−3.70%
Before our storiesgroup −2.7%, moved with MS
3Jan 20, 2026−3.70%
Before our stories
−2.7% moved with MSBLK −4.6 · SCHW −2.7 · HOOD −2.7 · GS −1.9
4 Feb 12, 2026−4.88%
Before our storiesgroup −3.4%, moved with MS
4Feb 12, 2026−4.88%
Before our stories
−3.4% moved with MSHOOD −8.8 · GS −4.2 · BLK −2.5 · SCHW −0.4
5 Feb 23, 2026−4.91%
Before our storiesgroup −2.7%, moved with MS
5Feb 23, 2026−4.91%
Before our stories
−2.7% moved with MSHOOD −5.7 · GS −3.3 · BLK −2.1 · SCHW −1.4
6 Feb 27, 2026−6.19%
Before our storiesgroup −3.5%, moved with MS
6Feb 27, 2026−6.19%
Before our stories
−3.5% moved with MSGS −7.5 · HOOD −4.5 · BLK −2.5 · SCHW −2.4
7 Mar 12, 2026−4.05%
Before our storiesgroup −3.1%, moved with MS
7Mar 12, 2026−4.05%
Before our stories
−3.1% moved with MSGS −4.4 · HOOD −3.3 · BLK −3.0 · SCHW −1.5
8 Mar 31, 2026+3.91%
Before our storiesgroup +3.9%, moved with MS
8Mar 31, 2026+3.91%
Before our stories
+3.9% moved with MSHOOD +6.3 · GS +4.8 · BLK +3.0 · SCHW +1.0
9 Apr 8, 2026+4.51%
Before our storiesgroup +4.0%, moved with MS
9Apr 8, 2026+4.51%
Before our stories
+4.0% moved with MSGS +4.8 · BLK +4.5 · SCHW +3.6 · HOOD +3.1
10 Apr 15, 2026+4.52%
Resultsgroup +0.7%, did not move with it
10Apr 15, 2026+4.52%
ResultsFirst close after the Apr 15 results filing
+0.7% did not move with itHOOD +10.4 · SCHW +1.9 · BLK −0.6 · GS −1.1
11 May 20, 2026+4.32%
Before our storiesgroup +1.8%, did not move with it
11May 20, 2026+4.32%
Before our stories
+1.8% did not move with itGS +5.8 · HOOD +2.2 · BLK +1.5 · SCHW −1.9
12 Jun 4, 2026+3.87%
Before our storiesgroup +4.1%, moved with MS
12Jun 4, 2026+3.87%
Before our stories
+4.1% moved with MSHOOD +6.6 · GS +5.0 · BLK +3.2 · SCHW +1.6
13 Jun 26, 2026−4.08%
Nothing on MSgroup +0.3%, did not move with it
13Jun 26, 2026−4.08%
Nothing on MSNo MS story, brief or results filing in our record that day
+0.3% did not move with itGS −4.3 · BLK −0.7 · SCHW +1.4 · HOOD +5.6
14 Jul 6, 2026+3.82%
Nothing on MSgroup +3.5%, moved with MS
14Jul 6, 2026+3.82%
Nothing on MSNo MS story, brief or results filing in our record that day
+3.5% moved with MSHOOD +4.3 · SCHW +3.7 · GS +3.4 · BLK +1.6
15 Jul 16, 2026−4.45%
Nothing on MSgroup −2.8%, moved with MS
15Jul 16, 2026−4.45%
Nothing on MSNo MS story, brief or results filing in our record that day
−2.8% moved with MSHOOD −8.2 · GS −4.9 · BLK −0.6 · SCHW +0.0
16 Jul 29, 2026−3.99%
Nothing on MSgroup −2.4%, moved with MS
16Jul 29, 2026−3.99%
Nothing on MSNo MS story, brief or results filing in our record that day
−2.4% moved with MSGS −5.1 · HOOD −3.1 · BLK −1.7 · SCHW −1.4
17 Jul 30, 2026+3.41%
Nothing on MSgroup +0.8%, did not move with it
17Jul 30, 2026+3.41%
Nothing on MSNo MS story, brief or results filing in our record that day
+0.8% did not move with itGS +4.5 · BLK +1.8 · SCHW −0.1 · HOOD −3.6
18 Aug 21, 2026+3.25%
Nothing on MSgroup +3.0%, moved with MS
18Aug 21, 2026+3.25%
Nothing on MSNo MS story, brief or results filing in our record that day
+3.0% moved with MSHOOD +13.7 · GS +3.7 · SCHW +2.3 · BLK +1.5
19 Sep 14, 2026−3.64%
Nothing on MSgroup −0.6%, did not move with it
19Sep 14, 2026−3.64%
Nothing on MSNo MS story, brief or results filing in our record that day
−0.6% did not move with itGS −4.0 · BLK −1.3 · SCHW +0.1 · HOOD +1.6

A story on the same day is not a cause, and a group move is not proof either. Group: the median of GS, BLK, SCHW and HOOD that day, the largest companies in MS’s SEC industry; “moved with MS” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). MS reports during the trading day, so day 1 is that day’s close. 2 of 4 times, day 6 ended on the same side as day 1.

Reported Oct 15, 2025

day 1+4.71%day 6+1.79%

Reported Jan 15, 2026

day 1+5.78%day 6−0.98%

Reported Apr 15, 2026

day 1+4.52%day 6+4.21%

Reported Jul 15, 2026

day 1+0.39%day 6−4.03%

Next report: expected mid OctoberEstimated from the dates of its last four results filings. Not announced. Since the Jul 15 report: −16.46%. Four reports is a small sample.

Every report since 2025 →

Each line is MS’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

The numbers · FY2025, filed

SEC EDGAR

Market cap$298.9B

Revenue$70.6B+14.40%

Net income$16.9B

EPS, diluted$10.21+28.40%

Return on equity15.0%

Debt / equity3.25

All filed figures

Snapshot

SEC EDGAR · FY 2025-12-31

SectorFinancial Services

Market Cap$298.9B

Enterprise Value$553.1B

Income$16.9B

Sales$70.6B

Book/sh$71.73

Cash/sh$71.12

Dividend TTM$3.85

Payout39%

Employees—

IPO—

Quick Ratio—

Current Ratio—

Debt/Eq3.25

EPS (ttm)$10.21

EPS this Y28.4%

EPS past 3/5Y18.4%

Sales past 3/5Y9.6%

EPS Y/Y TTM28.4%

Sales Y/Y TTM14.4%

Shs Outstand1.57B

ROA1.2%

ROE15.0%

ROIC—

Gross Margin—

Oper. Margin—

Profit Margin23.9%

Every figure here is filed with the SEC. Valuation and estimate metrics (P/E, PEG, EV/EBITDA, price targets, forward EPS) are omitted until our market-data feed is licensed for display — we’d rather show fewer numbers than blank ones. Deeper lines (cash flow, balance sheet) below.

Revenue by fiscal year

$59.8B

FY21

$53.7B

FY22

$54.1B

FY23

$61.8B

FY24

$70.6B

FY25

Operating leverage — margins

GrossOperatingNet

Financials, annual · income and cash flowSEC EDGAR · open ▸

Financials — annual

SEC EDGAR · last 5 FY · tap a row to explain it

USD	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$59.8B	$53.7B	$54.1B	$61.8B	$70.6B
Gross Profit	—	—	—	—	—
Operating Income	—	—	—	—	—
Net Income	$15.0B	$11.0B	$9.1B	$13.4B	$16.9B
Diluted EPS	$8.03	$6.15	$5.18	$7.95	$10.21
Operating Cash Flow	$34.0B	$-6.4B	$-33.5B	$1.4B	$-17.9B
Free Cash Flow	—	—	—	—	—

Same industry

MS against four brokerage peers, a year at 100

MS is up 25.2% in a year. All four did less: Goldman Sachs (+16.9%), Charles Schwab (+6.5%), BlackRock (−5.8%) and Robinhood Markets (−17.9%). Weekly closes, Oct 10, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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MS +25.2%. Goldman Sachs +16.9%, Charles Schwab +6.5%, BlackRock −5.8%, Robinhood Markets −17.9%. Weekly closes, Oct 10, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in MS’s SEC industry (Security Brokers, Dealers & Flotation Companies) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

Same industry

In the screener →

GS$262.8B BLK$170.5B SCHW$167.2B HOOD$103.6B IBKR$39.2B RJF$30.4B FUTU$14.4B SEIC$12.3B

Follow the news. Track the move.

MS story timeline

Company updates and connected market context, with the dated price move attached.

Stories

Direct

Sector context/Earnings

Sep 4

Anthropic close to tapping Morgan Stanley and Goldman for $2tn IPO roles

Anthropic is close to awarding Morgan Stanley and Goldman Sachs leading roles on a potential $2tn IPO, with filing paperwork possibly coming as soon as next week. The mandate would put both banks at the center of one of the largest technology listings on record, but the fee and earnings impact remain undisclosed.

Since story

-12.3%

2026-09-04 → 2026-10-06

Financial Times · 32d ago

View both sides →

Follow the news. Track the move.