Morgan Stanley stock reports record second quarter revenue

Morgan Stanley stock reported record second-quarter 2026 revenue of USD 21.348 billion and diluted EPS of USD 3.46. The latest quoted price stood at USD 198.44 on September 23, 2026, down 0.87 percent from the prior close, giving the company a market capitalization of USD 312.995 billion.

Revenue beats consensus by USD 1.67 billion

According to Perplexity Finance, Morgan Stanley's Q2 2026 revenue exceeded the USD 19.67483 billion consensus estimate by USD 1.67317 billion. EPS of USD 3.46 came in USD 0.57 above the USD 2.89 consensus estimate, giving the quarter a clear earnings advantage over expectations.

The sequential comparison also points to continued expansion. Revenue increased from USD 20.580 billion in Q1 2026 to USD 21.348 billion in Q2 2026, a gain of 3.73 percent, while diluted EPS rose from USD 3.43 to USD 3.46.

Wealth Management adds USD 148 billion

Wealth Management generated record Q2 2026 revenue of USD 8.9 billion, a pre-tax margin of 30.5 percent and record net new assets of USD 148 billion, according to Perplexity Finance. Total client assets reached USD 8 trillion, highlighting the scale of the division within Morgan Stanley's integrated model.

Investment Banking revenue was USD 2.4 billion in Q2 2026, up 58 percent from the prior year. That increase gives investors a second operating signal beyond the headline earnings beat, because capital-raising and strategic activity contributed to the quarter's institutional performance.

Stock stays below its yearly high

Morgan Stanley stock stood 14.55 percent below its 52-week high of USD 232.25 and above its 52-week low of USD 151.84 as of September 23, 2026. The combination of a USD 198.44 quote, a 0.87 percent daily decline and record quarterly results leaves the earnings figures as the clearest measurable company-specific reference.