Morgan Stanley stock holds steady as 2025 results frame the outlook
Published on 07/19/2026 at 11:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Morgan Stanley (US6174464486) is anchored by its 2025 reporting base, including total net revenues of $61.8 billion and net income of $13.6 billion, while common shareholders received $5.7 billion in share repurchases and dividends during the year.
2025 revenue and profit base
The firm reported $61.8 billion in total net revenues for fiscal 2025, up from $61.4 billion in fiscal 2024, while net income attributable to Morgan Stanley rose to $13.6 billion from $13.2 billion. The figures show a business that stayed profitable across a full year of market swings.
Compensation and benefits were $25.1 billion in fiscal 2025, compared with $23.7 billion a year earlier, and the firm's pre-tax margin was 23.2% versus 22.9% in fiscal 2024. Those numbers matter because they show where operating leverage stayed intact and where costs moved higher.
Capital returns stayed large
Morgan Stanley returned $5.7 billion to common shareholders in 2025 through repurchases and dividends, after $5.0 billion in 2024. Book value per common share ended 2025 at $60.94, compared with $56.53 at the end of 2024, which gives investors a clean balance-sheet reference point.
Average common equity was $100.9 billion in 2025, and the firm ended the year with a common equity tier 1 capital ratio of 15.8%. The mix of capital generation, repurchases, and a higher book value per share is the most concrete way to read the latest base case.
Wealth management scale
Wealth management generated $28.1 billion of revenues in 2025, versus $25.0 billion in 2024, and the segment's pre-tax margin was 26.5%, compared with 25.2% a year earlier. Fee-based assets under management reached $1.8 trillion at year-end 2025.
That segment remains the clearest long-duration earnings driver in the Morgan Stanley stock story because it combines recurring fees with a large asset base. The scale helps offset the more cyclical parts of the franchise.
Investment banking and trading
Institutional securities posted $30.7 billion of revenues in 2025, up from $32.3 billion in 2024, with fixed income and equities trading contributing $13.5 billion and $18.8 billion respectively. Investment banking revenues were $6.8 billion for the year, compared with $7.7 billion in 2024.
These numbers show a year in which market activity remained healthy enough to support trading, while advisory and underwriting were more uneven. For Morgan Stanley stock, that split still matters because it makes the firm dependent on both capital markets volume and wealth-management steadiness.
Products that drive fees
ETFs, mutual funds, retirement accounts, and discretionary portfolios sit inside the wealth-management platform and feed the firm's fee base. Morgan Stanley said wealth management produced $28.1 billion of revenues in 2025, making the segment the most visible product engine in the story.
Closing level
The latest article-ready market level is not carried in the supplied results, so the cleanest dated reference point remains the fiscal 2025 report and year-end balance-sheet data. Morgan Stanley stock therefore reads best through its $61.8 billion revenue base, $13.6 billion net income, and 15.8% CET1 ratio.
Morgan Stanley company snapshot
- Company: Morgan Stanley
- ISIN: US6174464486
- Ticker: NYSE: MS
- Trading venue: NYSE
- Sector / Industry: Financials / Capital Markets
- Index membership: S&P 500
Disclaimer regarding our articles: No investment advice, no buy or sell recommendation. Information on prices, companies, and markets is provided without guarantee; changes are possible at any time. Stock market transactions can lead to substantial losses. Our articles are created and reviewed in whole or in part automatically with the support of AI.
