Morgan Stanley has posted net attributable income of $5.6bn for the second quarter (Q2) of 2026, a 60% increase compared with $3.5bn a year earlier.
The US-based financial giant’s net revenue increased by 26.8% reaching $21.3bn for the quarter ended 30 June 2026.
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By 30 June 2026, total assets under management or supervision stood at a record $2tn.
The Institutional Securities division recorded net revenue of $11bn, an increase of 44.7% from $7.6bn a year earlier.
The result reflected higher Equity activity linked to client engagement, along with stronger Investment Banking as capital raising and strategic transactions increased.
Wealth Management generated net revenue of $8.9bn, versus $7.8bn a year ago, an increase of 14%.
During the quarter, the unit brought in net new assets of $148bn and fee-based assets of $39bn. Of the $148bn in net new assets, just over half came from inflows tied to IPOs of certain clients in the Workplace channel.
Investment Management reported net revenue of $1.6bn, up 6% from a year ago, mainly due to asset management fees on higher average AUM. The business posted positive long-term net flows of $7.5bn in the quarter.
Morgan Stanley bought back $1.5bn of its common stock during the quarter under its share repurchase programme.
Its board also reapproved a multi-year common equity share repurchase programme of up to $20bn, with no fixed end date, starting in the third quarter of 2026.
Morgan Stanley chairman and CEO Ted Pick said: “Active markets and consistent execution across all three regions drove exceptional results for our Integrated Firm, delivering record revenues of over $21 billion and record EPS of $3.46.
“The Integrated Firm is intensifying Morgan Stanley connectivity with clients globally and enhancing financial strength for shareholders. We continue to accrete capital, giving us incremental flexibility to invest in our core businesses while generating strong returns for shareholders.”
