Morgan Stanley (MS)
NYSEFinancialsCapital MarketsSnapshot 2026-07-07
$222.07-0.01%
Close 2026-07-07 · 1-day change
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Morgan Stanley grows revenue to record $70.6 billion in 2025. EPS rises to $3.43 in 2026-Q1. The firm repurchases $20 billion in shares and raises dividends to $1.15 per share. Growth and capital returns support a strong financial profile.
Revenue growth may slow due to competition and macro risks. Higher mortgage rates and dollar strength could hurt earnings. Guidance cuts show some near-term challenges.
The price is about 21% above our fair value near $181, reflecting roughly 23% revenue growth expected by analysts. Our fair value is 14% below the Street median, so the market is pricing in strong growth but with some valuation risk.
Breaks if: Dividend cut or fails to reach $1.15 per share in 2026-Q3
Raise the quarterly common stock dividend from $1.00 to $1.15 per share starting in the third quarter of 2026.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Newly stated in 2026-Q2 via 8-K. The Firm announced a dividend increase to $1.15 per share starting in Q3 2026, reflecting a capital allocation priority to return more capital to shareholders. No prior quarters stated this priority.
Breaks if: EPS falls below $3.0 in 2026-Q1
Focus on driving earnings per share growth to reach $3.43 as a key financial performance metric.
Stated as a priority in 3 of last 3 quarters. EPS rose from $2.60 in 2025-Q1 to $3.43 in 2026-Q1, demonstrating consistent earnings growth. Management's focus on EPS growth is reflected in the improving financial results, indicating delivery on this priority.
“EPS of $3.43 per diluted share compared with $2.60 a year ago.”
“EPS of $2.80 per diluted share compared with $1.88 a year ago.”
“EPS of $2.60 per diluted share.”
Breaks if: Significant rate hikes or inflation spikes disrupting markets
Breaks if: Revenue falls below $65 billion in 2025
Continue to grow net revenues to record levels across Institutional Securities, Wealth Management, and Investment Management segments.
Stated as a priority in 3 of last 3 quarters. Net revenues increased from $18.2 billion in 2025-Q3 to $20.6 billion in 2026-Q1, reflecting record performance across Institutional Securities and Wealth Management. The trajectory is delivering consistent growth aligned with management's stated goal.
“Morgan Stanley reported a record quarter. Strong execution resulted in net revenues of $20.6 billion.”
“Record net revenues for the third quarter were $18.2 billion, demonstrating the strength of our Integrated Firm.”
“The Firm reported record net revenues of $70.6 billion and net income of $16.9 billion.”
Breaks if: Buyback program is canceled or materially reduced
Reauthorize and execute a multi-year common equity share repurchase program of up to $20 billion without expiration.
Stated as a priority in 2 quarters including a recent 8-K. The Firm repurchased $1.1 billion in 2025-Q3 and reauthorized a $20 billion multi-year share repurchase program in 2026-Q2. Execution on repurchases is ongoing, showing delivery on capital return commitments.
“The Firm repurchased $1.1 billion of its outstanding common stock during the quarter as part of its Share Repurchase Program.”