Morgan Stanley stock faces Q3 results after record Q2 revenue ????

Published on 10/04/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley stock heads toward October 14 results with Q3 consensus EPS at USD 3.10. Q2 revenue reached USD 21.348 billion and diluted EPS was USD 3.46.

Isometrische 3D-Illustration einer Bank-Wertschöpfungskette mit Symbolen — Isometrische 3D-Grafik zeigt die Wertschöpfungskette und veranschaulicht die Morgan Stanley Aktie mit ISIN US6174464486, Illustration mit AI erstellt.

Morgan Stanley stock (ISIN US6174464486) was last at USD 190.31 on the NYSE on October 2, 2026, up 1.22 percent from the prior close. The next major checkpoint is the third-quarter report scheduled before the market opens on October 14, 2026, according to Morgan Stanley.

October 14 carries the next test

Morgan Stanley will publish Q3 2026 results before trading begins on October 14 and hold its conference call at 9:30 a.m. ET, the company said in its September 30, 2026 investor notice. The event gives investors a direct test of whether the record operating pace from the first half carried into a quarter with a different market backdrop.

Q3 consensus EPS stands at USD 3.10, compared with USD 2.80 in Q3 2025, according to ScanX. That 10.7 percent comparison puts the earnings hurdle above the prior-year result, while the reported Q2 base was materially higher.

Q2 set a high operating base

In Q2 2026, Morgan Stanley generated USD 21.348 billion of revenue, USD 5.653 billion of net income and diluted EPS of USD 3.46, according to Fortune. Revenue increased from USD 20.580 billion in Q1 2026, while net income rose from USD 5.638 billion, showing the firm entered the second half with sequential revenue growth of 3.7 percent.

The Q2 earnings call also highlighted record segment activity. Institutional Securities revenue reached USD 11 billion, Wealth Management revenue was USD 8.9 billion and net new assets totaled USD 148 billion in the quarter, according to Fortune.

Consensus target sits above the stock

MarketBeat reports a Moderate Buy consensus from 26 analysts and an average price target of USD 222.85. That target lies 17.1 percent above the USD 190.31 reference price, while the same report says Zacks Research downgraded Morgan Stanley from Strong Buy to Hold on October 2, 2026.

Stock remains below its yearly high

Morgan Stanley was last at USD 190.31 on the NYSE on October 2, 2026, with 6,252,383 shares traded. Its 52-week range was USD 151.84 to USD 232.25, and its market capitalization was USD 300.2 billion as of October 2, 2026.