Symbols / MS Stock $214.04 +0.65% Morgan Stanley

Financial Services • Capital Markets • United States • NYQ
MS (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Edward N. Pick
Exch · Country NYQ · United States
Market Cap 337.60B
Enterprise Value 264.66B
Income 17.50B
Sales 73.17B
FCF (ttm) —
Book/sh 66.18
Cash/sh 420.54
Employees 84,000
Insider 10d —
IPO Feb 23, 1993
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 35.55%
P/E 19.39
Forward P/E 16.84
PEG 2.57
P/S 4.61
P/B 3.23
P/C —
EV/EBITDA —
EV/Sales 3.62
Quick Ratio 1.53
Current Ratio 1.96
Debt/Eq 502.25
LT Debt/Eq —
EPS (ttm) 11.04
EPS next Y 12.71
EPS Growth 31.90%
Revenue Growth 16.30%
EPS Gr Q/Q 29.00%
Rev Gr Q/Q —
Earnings (next) 2026-07-15
Earnings (prior) 2026-04-15
ROA 1.27%
ROE 16.39%
ROIC —
Gross Margin 87.39%
Oper. Margin 40.62%
Profit Margin 24.75%
Shs Outstand 1.58B
Shs Float 1.20B
Insider Own 24.31%
Instit Own 62.77%
Short Float 0.00%
Short Ratio 0.00
Short Interest 13.91K
52W High 219.16
vs 52W High -2.34%
52W Low 129.66
vs 52W Low 65.08%
Beta 1.22
Impl. Vol. 0.78%
Rel Volume 0.77
Avg Volume 6.09M
Volume 4.69M
Target (mean) $203.67
Tgt Median $205.00
Tgt Low $165.00
Tgt High $230.00
# Analysts 21
Recom Buy
Prev Close $212.66
Price $214.04
Change 0.65%
About

Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$203.67
Mean price target
2. Current target
$214.04
Latest analyst target
3. DCF / Fair value
$165.60
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$214.04
Low
$165.00
High
$230.00
Mean
$203.67

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-06-12 main JP Morgan Neutral → Neutral $187
2026-05-08 main Citigroup Neutral → Neutral $194
2026-04-16 main Barclays Overweight → Overweight $230
2026-04-16 reit RBC Capital Sector Perform → Sector Perform $207
2026-04-16 reit Citizens Market Perform → Market Perform —
2026-04-16 main Wells Fargo Equal-Weight → Equal-Weight $200
2026-04-16 main Keefe, Bruyette & Woods Outperform → Outperform $218
2026-04-16 main Goldman Sachs Neutral → Neutral $205
2026-04-16 main B of A Securities Buy → Buy $225
2026-04-07 up UBS Neutral → Buy $196
2026-04-06 main Evercore ISI Group Outperform → Outperform $190
2026-03-10 main JP Morgan Neutral → Neutral $179
2026-01-27 main Freedom Broker Hold → Hold $185
2026-01-16 main RBC Capital Sector Perform → Sector Perform $207
2026-01-16 main Keefe, Bruyette & Woods Outperform → Outperform $210
2026-01-08 main JP Morgan Neutral → Neutral $162
2026-01-05 main Barclays Overweight → Overweight $219
2025-12-17 main Keefe, Bruyette & Woods Outperform → Outperform $202
2025-11-24 up Wolfe Research Peer Perform → Outperform —
2025-10-22 main Freedom Broker Hold → Hold $161
News
RSS: Latest MS news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-06-01 JAMES ERIKA HAYES Director — 1,309 $0.00 $0
2026-06-01 NALLY DENNIS M Director — 1,655 $0.00 $72,500
2026-06-01 MEGAN BUTLER Director — 1,309 $0.00 $0
2026-06-01 HERZ ROBERT H Director — 1,309 $0.00 $0
2026-06-01 MISCIK JUDITH A Director — 1,309 $0.00 $0
2026-06-01 PETERSON DOUGLAS L Director — 1,583 $0.00 $57,500
2026-06-01 LEIBOWITZ SHELLEY B Director — 1,309 $0.00 $0
2026-06-01 GOOD LYNN J Director — 1,583 $0.00 $57,500
2026-06-01 TRAQUINA PERRY M Director — 1,678 $0.00 $77,500
2026-06-01 SCHAPIRO MARY L Director — 1,309 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
65,966.00
+14.48%
57,621.00
+13.72%
50,667.00
+0.91%
50,210.00
Operating Revenue
65,966.00
+14.48%
57,621.00
+13.72%
50,667.00
+0.91%
50,210.00
Selling General And Administration
30,245.00
+11.43%
27,143.00
+6.63%
25,456.00
+6.25%
23,958.00
Selling And Marketing Expense
1,173.00
+21.55%
965.00
+7.46%
898.00
-0.77%
905.00
General And Administrative Expense
29,072.00
+11.06%
26,178.00
+6.60%
24,558.00
+6.53%
23,053.00
Salaries And Wages
29,072.00
+11.06%
26,178.00
+6.60%
24,558.00
+6.53%
23,053.00
Reconciled Depreciation
4,658.00
-9.75%
5,161.00
+21.26%
4,256.00
+6.45%
3,998.00
Total Unusual Items
-144.00
—
-1,181.00
-151.28%
-470.00
Total Unusual Items Excluding Goodwill
-144.00
—
-1,181.00
-151.28%
-470.00
Special Income Charges
-144.00
—
-1,181.00
-151.28%
-470.00
Other Special Charges
—
—
535.00
—
Restructuring And Mergern Acquisition
144.00
—
646.00
+37.45%
470.00
Net Income
16,861.00
+25.92%
13,390.00
+47.35%
9,087.00
-17.61%
11,029.00
Pretax Income
21,954.00
+24.77%
17,596.00
+48.95%
11,813.00
-16.15%
14,089.00
Net Interest Income
10,046.00
+16.66%
8,611.00
+4.63%
8,230.00
-11.76%
9,327.00
Interest Expense
49,017.00
+7.67%
45,524.00
+21.01%
37,619.00
+206.64%
12,268.00
Interest Income
59,063.00
+9.10%
54,135.00
+18.07%
45,849.00
+112.31%
21,595.00
Gain On Sale Of Security
1,351.00
+63.96%
824.00
+43.80%
573.00
+3720.00%
15.00
Tax Provision
4,929.00
+21.19%
4,067.00
+57.45%
2,583.00
-11.24%
2,910.00
Tax Rate For Calcs
0.00
-2.86%
0.00
+5.54%
0.00
+5.80%
0.00
Tax Effect Of Unusual Items
-32.33
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
17,025.00
+25.84%
13,529.00
+46.58%
9,230.00
-17.43%
11,179.00
Net Income From Continuing Operation Net Minority Interest
16,861.00
+25.92%
13,390.00
+47.35%
9,087.00
-17.61%
11,029.00
Net Income From Continuing And Discontinued Operation
16,861.00
+25.92%
13,390.00
+47.35%
9,087.00
-17.61%
11,029.00
Net Income Continuous Operations
17,025.00
+25.84%
13,529.00
+46.58%
9,230.00
-17.43%
11,179.00
Minority Interests
-164.00
-17.99%
-139.00
+2.80%
-143.00
+4.67%
-150.00
Normalized Income
16,972.67
+26.76%
13,390.00
+47.35%
9,087.00
-17.61%
11,029.00
Net Income Common Stockholders
16,249.00
+26.95%
12,800.00
+50.06%
8,530.00
-19.07%
10,540.00
Diluted EPS
10.21
+28.43%
7.95
+53.47%
5.18
-15.77%
6.15
Basic EPS
10.32
+28.36%
8.04
+53.44%
5.24
-15.89%
6.23
Basic Average Shares
1,574.00
-1.07%
1,591.00
-2.27%
1,628.00
-3.73%
1,691.00
Diluted Average Shares
1,592.00
-1.18%
1,611.00
-2.13%
1,646.00
-3.91%
1,713.00
Diluted NI Availto Com Stockholders
16,249.00
+26.95%
12,800.00
+50.06%
8,530.00
-19.07%
10,540.00
Occupancy And Equipment
1,872.00
-1.73%
1,905.00
+0.53%
1,895.00
+9.60%
1,729.00
Other Non Interest Expense
8,563.00
+9.61%
7,812.00
-1.28%
7,913.00
+11.70%
7,084.00
Preferred Stock Dividends
612.00
+3.73%
590.00
+5.92%
557.00
+13.91%
489.00
Professional Expense And Contract Services Expense
2,839.00
-2.14%
2,901.00
-5.13%
3,058.00
-0.39%
3,070.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,420,270.00
+16.89%
1,215,071.00
+1.79%
1,193,693.00
+1.14%
1,180,231.00
Cash And Cash Equivalents
81,310.00
+7.35%
75,743.00
+29.12%
58,661.00
-36.75%
92,747.00
Other Short Term Investments
35,393.00
-64.11%
98,608.00
+11.91%
88,113.00
+4.53%
84,297.00
Receivables
114,720.00
+33.15%
86,158.00
+7.56%
80,105.00
+1.99%
78,540.00
Accounts Receivable
114,720.00
+33.15%
86,158.00
+7.56%
80,105.00
+1.99%
78,540.00
Net PPE
20.00
-13.04%
23.00
+0.00%
23.00
+475.00%
4.00
Gross PPE
20.00
-13.04%
23.00
+0.00%
23.00
+475.00%
4.00
Other Properties
20.00
-13.04%
23.00
+0.00%
23.00
+475.00%
4.00
Goodwill And Other Intangible Assets
22,736.00
-1.83%
23,159.00
-2.54%
23,762.00
-2.09%
24,270.00
Goodwill
16,726.00
+0.12%
16,706.00
-0.01%
16,707.00
+0.33%
16,652.00
Other Intangible Assets
6,010.00
-6.87%
6,453.00
-8.53%
7,055.00
-7.39%
7,618.00
Investments And Advances
378,873.00
+10.49%
342,917.00
-4.56%
359,311.00
+6.66%
336,881.00
Long Term Equity Investment
246.00
+2.07%
241.00
+94.35%
124.00
+217.95%
39.00
Total Liabilities Net Minority Interest
1,307,618.00
+17.84%
1,109,643.00
+1.46%
1,093,711.00
+1.36%
1,079,000.00
Payables And Accrued Expenses
226,519.00
+28.75%
175,938.00
-15.47%
208,148.00
-3.69%
216,134.00
Payables
226,519.00
+28.75%
175,938.00
-15.47%
208,148.00
-3.69%
216,134.00
Accounts Payable
226,519.00
+28.75%
175,938.00
-15.47%
208,148.00
-3.69%
216,134.00
Current Debt And Capital Lease Obligation
21,146.00
-2.31%
21,645.00
+142.66%
8,920.00
+73.71%
5,135.00
Current Debt
21,146.00
-2.31%
21,645.00
+142.66%
8,920.00
+73.71%
5,135.00
Other Current Borrowings
21,146.00
-2.31%
21,645.00
+142.66%
8,920.00
+73.71%
5,135.00
Long Term Debt And Capital Lease Obligation
349,392.00
+20.99%
288,776.00
+7.97%
267,467.00
+10.94%
241,081.00
Long Term Debt
349,392.00
+20.99%
288,776.00
+7.97%
267,467.00
+10.94%
241,081.00
Stockholders Equity
111,632.00
+6.81%
104,511.00
+5.53%
99,038.00
-1.10%
100,141.00
Common Stock Equity
101,882.00
+7.51%
94,761.00
+4.95%
90,288.00
-1.21%
91,391.00
Capital Stock
9,770.00
+0.00%
9,770.00
+11.40%
8,770.00
+0.00%
8,770.00
Common Stock
20.00
+0.00%
20.00
+0.00%
20.00
+0.00%
20.00
Preferred Stock
9,750.00
+0.00%
9,750.00
+11.43%
8,750.00
+0.00%
8,750.00
Share Issued
2,038.89
+0.00%
2,038.89
+0.00%
2,038.89
-0.05%
2,039.84
Ordinary Shares Number
1,582.83
-1.48%
1,606.65
-1.24%
1,626.83
-2.88%
1,675.00
Treasury Shares Number
456.06
+5.51%
432.24
+4.90%
412.07
+12.94%
364.84
Additional Paid In Capital
31,153.00
+3.23%
30,179.00
+1.16%
29,832.00
+1.68%
29,339.00
Retained Earnings
115,091.00
+9.62%
104,989.00
+7.14%
97,996.00
+3.30%
94,862.00
Gains Losses Not Affecting Retained Earnings
-6,285.00
+7.76%
-6,814.00
-6.12%
-6,421.00
-2.69%
-6,253.00
Treasury Stock
38,097.00
+13.34%
33,613.00
+7.95%
31,139.00
+17.17%
26,577.00
Minority Interest
1,020.00
+11.23%
917.00
-2.86%
944.00
-13.39%
1,090.00
Other Equity Adjustments
-6,285.00
+7.76%
-6,814.00
-6.12%
-6,421.00
-2.69%
-6,253.00
Total Equity Gross Minority Interest
112,652.00
+6.85%
105,428.00
+5.45%
99,982.00
-1.23%
101,231.00
Total Capitalization
461,024.00
+17.22%
393,287.00
+7.31%
366,505.00
+7.41%
341,222.00
Invested Capital
472,420.00
+16.59%
405,182.00
+10.50%
366,675.00
+8.61%
337,607.00
Total Debt
370,538.00
+19.37%
310,421.00
+12.31%
276,387.00
+12.25%
246,216.00
Net Debt
289,228.00
+23.24%
234,678.00
+7.79%
217,726.00
+41.87%
153,469.00
Net Tangible Assets
88,896.00
+9.27%
81,352.00
+8.07%
75,276.00
-0.78%
75,871.00
Tangible Book Value
79,146.00
+10.54%
71,602.00
+7.63%
66,526.00
-0.89%
67,121.00
Available For Sale Securities
80,912.00
+139403.45%
58.00
+1350.00%
4.00
-42.86%
7.00
Cash Cash Equivalents And Federal Funds Sold
231,938.00
+3.57%
223,951.00
+11.99%
199,972.00
-17.38%
242,034.00
Derivative Product Liabilities
42,025.00
+10.80%
37,930.00
+7.53%
35,275.00
-7.50%
38,135.00
Held To Maturity Securities
47,315.00
-22.52%
61,071.00
-8.43%
66,694.00
-11.82%
75,634.00
Preferred Shares Number
324.50
+189.73%
112.00
-63.22%
304.50
+15.12%
264.50
Preferred Stock Equity
9,750.00
+0.00%
9,750.00
+11.43%
8,750.00
+0.00%
8,750.00
Trading Securities
215,007.00
+17.53%
182,939.00
-10.49%
204,376.00
+15.53%
176,904.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-17,889.00
-1413.44%
1,362.00
+104.06%
-33,536.00
-424.25%
-6,397.00
Cash Flow From Continuing Operating Activities
-17,889.00
-1413.44%
1,362.00
+104.06%
-33,536.00
-424.25%
-6,397.00
Net Income From Continuing Operations
17,025.00
+25.84%
13,529.00
+46.58%
9,230.00
-17.43%
11,179.00
Depreciation Amortization Depletion
4,658.00
-9.75%
5,161.00
+21.26%
4,256.00
+6.45%
3,998.00
Depreciation And Amortization
4,658.00
-9.75%
5,161.00
+21.26%
4,256.00
+6.45%
3,998.00
Other Non Cash Items
408.00
+10100.00%
4.00
-98.70%
308.00
-50.16%
618.00
Stock Based Compensation
1,926.00
+18.74%
1,622.00
-5.09%
1,709.00
-8.85%
1,875.00
Deferred Tax
561.00
+269.08%
152.00
+132.83%
-463.00
+45.47%
-849.00
Deferred Income Tax
561.00
+269.08%
152.00
+132.83%
-463.00
+45.47%
-849.00
Change In Working Capital
-42,816.00
-121.04%
-19,370.00
+60.56%
-49,108.00
-108.99%
-23,498.00
Change In Receivables
-26,637.00
-401.83%
-5,308.00
-981.73%
602.00
-95.89%
14,664.00
Changes In Account Receivables
—
—
602.00
-95.89%
14,664.00
Change In Payables And Accrued Expense
50,708.00
+298.47%
-25,550.00
-604.05%
-3,629.00
+25.89%
-4,897.00
Change In Payable
50,708.00
+298.47%
-25,550.00
-604.05%
-3,629.00
+25.89%
-4,897.00
Change In Account Payable
—
—
-3,629.00
+25.89%
-4,897.00
Change In Other Working Capital
-93,681.00
-393.70%
31,897.00
+164.61%
-49,365.00
-24.34%
-39,703.00
Investing Cash Flow
-46,779.00
-58.79%
-29,460.00
-855.25%
-3,084.00
+73.49%
-11,632.00
Cash Flow From Continuing Investing Activities
-46,779.00
-58.79%
-29,460.00
-855.25%
-3,084.00
+73.49%
-11,632.00
Net PPE Purchase And Sale
-2,898.00
+16.29%
-3,462.00
-1.47%
-3,412.00
-10.85%
-3,078.00
Purchase Of PPE
—
—
—
-3,078.00
Capital Expenditure
-2,898.00
+16.29%
-3,462.00
-1.47%
-3,412.00
-10.85%
-3,078.00
Net Investment Purchase And Sale
-1,406.00
+25.80%
-1,895.00
-135.69%
5,310.00
-65.62%
15,445.00
Purchase Of Investment
-36,578.00
+6.66%
-39,187.00
-69.80%
-23,078.00
+22.64%
-29,833.00
Sale Of Investment
35,172.00
-5.68%
37,292.00
+31.37%
28,388.00
-37.30%
45,278.00
Net Business Purchase And Sale
—
—
0.00
0.00
Purchase Of Business
—
—
0.00
0.00
Net Other Investing Changes
-1,092.00
+26.46%
-1,485.00
-60.89%
-923.00
-165.99%
-347.00
Financing Cash Flow
67,758.00
+44.92%
46,756.00
+1815.19%
-2,726.00
-112.00%
22,714.00
Cash Flow From Continuing Financing Activities
67,758.00
+44.92%
46,756.00
+1815.19%
-2,726.00
-112.00%
22,714.00
Net Issuance Payments Of Debt
39,776.00
+41.38%
28,135.00
+106.59%
13,619.00
-63.74%
37,562.00
Issuance Of Debt
139,169.00
+28.43%
108,365.00
+38.18%
78,424.00
+8.23%
72,460.00
Repayment Of Debt
-99,393.00
-23.89%
-80,230.00
-23.80%
-64,805.00
-85.70%
-34,898.00
Long Term Debt Issuance
139,169.00
+28.43%
108,365.00
+38.18%
78,424.00
+8.23%
72,460.00
Long Term Debt Payments
-99,393.00
-23.89%
-80,230.00
-23.80%
-64,805.00
-85.70%
-34,898.00
Net Long Term Debt Issuance
39,776.00
+41.38%
28,135.00
+106.59%
13,619.00
-63.74%
37,562.00
Net Common Stock Issuance
-5,835.00
-38.96%
-4,199.00
+32.03%
-6,178.00
+43.17%
-10,871.00
Common Stock Payments
-5,835.00
-38.96%
-4,199.00
+32.03%
-6,178.00
+43.17%
-10,871.00
Cash Dividends Paid
-6,593.00
-7.41%
-6,138.00
-6.51%
-5,763.00
-6.70%
-5,401.00
Repurchase Of Capital Stock
-5,835.00
-38.96%
-4,199.00
+32.03%
-6,178.00
+43.17%
-10,871.00
Net Other Financing Charges
1,267.00
-68.39%
4,008.00
+497.32%
671.00
+154.60%
-1,229.00
Changes In Cash
3,090.00
-83.44%
18,658.00
+147.42%
-39,346.00
-939.83%
4,685.00
Effect Of Exchange Rate Changes
3,219.00
+228.55%
-2,504.00
-655.21%
451.00
+110.53%
-4,283.00
Beginning Cash Position
105,386.00
+18.10%
89,232.00
-30.36%
128,127.00
+0.31%
127,725.00
End Cash Position
111,695.00
+5.99%
105,386.00
+18.10%
89,232.00
-30.36%
128,127.00
Free Cash Flow
-20,787.00
-889.86%
-2,100.00
+94.32%
-36,948.00
-289.95%
-9,475.00
Interest Paid Supplemental Data
47,096.00
+1.59%
46,359.00
+10.54%
41,940.00
+327.13%
9,819.00
Income Tax Paid Supplemental Data
3,504.00
+85.89%
1,885.00
-7.37%
2,035.00
-50.93%
4,147.00
Issuance Of Capital Stock
0.00
-100.00%
995.00
0.00
-100.00%
994.00
Net Preferred Stock Issuance
0.00
-100.00%
995.00
0.00
-100.00%
994.00
Preferred Stock Issuance
0.00
-100.00%
995.00
0.00
-100.00%
994.00
Sale Of Business
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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