Traders should consider that the strong earnings beat, record ROTCE, and robust revenue growth across key divisions signal strong underlying performance, potentially driving the stock price higher despite a 65% expense efficiency ratio.
Price Chart
Executive Summary
Morgan Stanley reported record first-quarter 2026 earnings with $20.6 billion in net revenues and $3.43 diluted EPS, up 16% and 32% year-over-year respectively, driven by strong performance in Institutional Securities and Wealth Management. The firm delivered a record 27.1% return on tangible common equity.
Key Financial Metrics
Key Facts
- Net revenues of $20.6 billion, up 16% YoY and above the $19.76 billion consensus
- Diluted EPS of $3.43, up 32% YoY and significantly above consensus
- Return on tangible common equity (ROTCE) of 27.1%, a record high
- Institutional Securities revenue of $10.7 billion, up 19% YoY
- Wealth Management reported record net revenues of $8.5 billion
Financial Impact
Net revenues increased by $2.84 billion and EPS by $0.83 year-over-year
Risk Factors
- Increased provision for credit losses to $98 million from $18 million
- Lower Investment Management revenues year-over-year
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000895421-26-000111 |
| Document: a1q26msearningsrelease.htm | 0000895421-26-000111 |
| Document: ms-20260415.htm | 0000895421-26-000111 |
| Document: 0000895421-26-000111-index-headers.html | 0000895421-26-000111 |
| Document: 0000895421-26-000111-index.html | 0000895421-26-000111 |
| Document: 0000895421-26-000111.txt | 0000895421-26-000111 |
| 8-K Data (Synthetic) | 0000895421-26-000111 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Court Ruling | $217.36 $206.58 | ▼ −4.96% | ▼ −2.97% | $189.96 (−12.61%) |
Aug 13, 2026 7w ago | 13F-HR | $218.38 $214.38 | ▼ −1.83% | ▼ −0.08% | $189.96 (−13.01%) |
Jul 17, 2026 11w ago | Insider Cluster | $215.50 $217.30 | ▲ +0.83% | ▼ −3.61% | $189.96 (−11.85%) |
Jul 15, 2026 11w ago | 8-K | $228.55 $217.64 | ▼ −4.77% | ▼ −7.12% | $189.96 (−16.88%) |
Jun 24, 2026 14w ago | 8-K | $221.04 $215.18 | ▼ −2.65% | ▼ −3.18% | $189.96 (−14.06%) |
Jun 5, 2026 17w ago | Court Ruling | $211.93 $222.10 | ▲ +4.80% | ▲ +2.94% | $189.96 (−10.37%) |
Apr 16, 2026 24w ago | Insider Cluster | $186.67 $193.83 | ▲ +3.84% | ▼ −1.98% | $189.96 (+1.76%) |
Apr 16, 2026 24w ago | Insider Cluster | $186.67 $193.83 | ▲ +3.84% | ▼ −1.98% | $189.96 (+1.76%) |
Apr 15, 2026 24w ago | 8-K | $20.63 $20.43 | ▼ −0.95% | ▼ −7.00% | $189.96 (+820.93%) |
US Market Status
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