Morgan Stanley reported record second-quarter 2026 net revenues of $21.3 billion, a 27% increase from the prior year, with earnings per diluted share of $3.46, up 62%. Institutional Securities delivered a record $11.0 billion in net revenues, driven by an exceptional equities performance of $6.3 billion and a 58% jump in investment banking revenues to $2.4 billion. Wealth Management also set a record with $8.9 billion in net revenues, supported by a quarterly record of $148.1 billion in organic net new assets, just over half of which came from IPOs of late-stage private workplace clients. The firm's return on tangible common equity reached 26.6%, and its Common Equity Tier 1 capital ratio stood at 14.8%, providing a capital cushion approximately 300 basis points above regulatory requirements. Morgan Stanley announced a 15% increase in its quarterly dividend to $1.15 per share and repurchased $1.5 billion of common stock during the quarter, while also authorizing a new $20 billion multiyear share buyback program.
Morgan StanleyRecord revenue and EPS, strong capital return (dividend hike, buyback authorization)