Morgan Stanley
Investment banking & wealth management · United States
Morgan Stanley is a global investment bank and one of the largest wealth managers in the U.S.: it advises and trades for companies and investors, and looks after trillions of dollars for individuals through financial advisors, E*TRADE and workplace stock plans.
Q3 2026 results · 14 Oct 2026
Wealth clients brought Morgan Stanley $232B of new money in Q3.
$20.3BNet revenues+12% vs Q3 2025
24%of revenue kept as profit
$232Bnew money from wealth clients
+41%stock trading revenue vs Q3 2025
What makes it different
It runs the stock plans of 6.5 million employees.
6.5MWorkplace plan participantsDec 2025
Workplace stock-plan accounts feed employees of client companies into its wealth business.
How big it is
How big is Morgan Stanley?
$70.6BNet revenuesFY2025
$9.3TClient assets2025
83,000Employees2025
How it makes money FY2025
Trading bank and wealth manager, nearly equal.
- Institutional Securities$33.08B
- Wealth Management$31.75B
- Investment Management$6.53B
How the business works
Advise and trade, then manage the wealth.
- 1Deals and capital raising
- 2Shares for institutions
- 3Wealth clients’ fee assets
Wealth and asset management now bring in over half of revenue, steadying the swings of the trading bank.
Who owns it
- Mitsubishi UFJ Financial Group (MUFG)24%
- State Street Corporation7.2%
- The Vanguard Group6.9%
CEO: Ted Pick
Who it competes with
Key moments
- 1935Morgan Stanley founded
- 1997Merger with Dean Witter, Discover
- 2008Becomes a bank holding company
- 2008MUFG invests $9 billion
- 2010James Gorman becomes CEO
Sources
Every number on this page comes from Morgan Stanley's own reports.
Full profile
The rest of the story is in the app.
What Morgan Stanley tracks28 metrics
Workplace plan participants
Deposits
Core client relationships
Results, quarter by quarterwith a chart
Revenue
Profit
Margin
Where the money comes from3 regions
Americas
Asia
EMEA
The full timeline18 moments
2013
2025
2026
Morgan Stanley vs Goldman Sachsside by side
Revenue
Profit
People
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