- Morgan Stanley’s Q3 earnings per share of $3.03 significantly surpassed analyst estimates of $2.93 and a $2.83 consensus.
- The financial giant reported robust revenue of $20.34 billion, outperforming the $19.93 billion estimate and marking a 12% increase year-over-year.
- Strong performance in equity trading and record inflows in wealth management were key drivers, helping to offset challenges in fixed-income markets.
Morgan Stanley (NYSE: MS) reports earnings before the market opens on October 14, 2026. The bank serves clients through investment banking, trading, and wealth management. Its third-quarter earnings are $3.03 per share, above the $2.93 estimate provided. Earnings per share show how much profit the company makes for each share.
Revenue is $20.34 billion, above the $19.93 billion estimate. As highlighted by Proactive Investors, revenue rises 12% from a year earlier. Revenue measures the money Morgan Stanley brings in before expenses are deducted.
Strong equity trading and a record amount of money brought in by wealth management support the results, as highlighted by Bloomberg. Equity traders buy and sell stocks and related products for clients. As highlighted by Proactive Investors, these gains help offset weaker fixed-income markets, which include bond trading.
Net income attributable to Morgan Stanley rises 6% to $4.9 billion for the three months ended September 30, as highlighted by Proactive Investors. Earnings per share rise from $2.80 a year earlier to $3.03. As highlighted by Zacks, the $3.03 result also exceeds its separate $2.83 consensus estimate.
Morgan Stanley has a trailing price-to-earnings (P/E) ratio of 18.78, meaning its share price is 18.78 times its earnings over the past 12 months. Its price-to-sales ratio is 2.70, comparing its market value with annual revenue.
