Want to see MS full AI Analyst Report?
Revenue by Segment
Highlights earnings from different business areas, showing which segments drive growth and profitability, and indicating strategic focus.Wealth Management has emerged as the firm’s steadier, growing revenue anchor—driven by record asset‑gathering, fee‑based flows and rising lending penetration—while Investment Management supplies stable fee income and product expansion (alternatives, EquityZen/digital assets). Institutional Securities remains the swing factor: its recent record quarter shows how markets-led trading and IB can sharply boost earnings but also inject volatility. With strong capital accretion and opportunistic buybacks, Morgan Stanley can return capital, yet monitor private‑credit redemptions and rising RWAs/regulatory changes as potential near‑term risks.
Date | Wealth Management | Intersegment Eliminations | Institutional Securities | Investment Management |
|---|---|---|---|---|
Jun 30, 2026 | $8.86B | -$194.00M | $11.04B | $1.65B |
Mar 31, 2026 | $8.52B | -$195.00M | $10.72B | $1.53B |
Dec 31, 2025 | $8.43B | -$190.00M | $7.93B | $1.72B |
Sep 30, 2025 | $8.23B | -$184.00M | $8.52B | $1.65B |
Jun 30, 2025 | $7.76B | -$167.00M | $7.64B | $1.55B |
Mar 31, 2025 | $7.33B | -$173.00M | $8.98B | $1.60B |
Dec 31, 2024 | $7.48B | -$165.00M | $7.27B | $1.64B |
Sep 30, 2024 | $7.27B | -$157.00M | $6.82B | $1.46B |
Jun 30, 2024 | $6.79B | -$141.00M | $6.98B | $1.39B |
Mar 31, 2024 | $6.88B | -$137.00M | $7.02B | $1.38B |