Wells Fargo and Morgan Stanley report double-digit wealth revenue jumps in Q2

Earnings
โดย WealthManagement·Read original
Summary · why it matters

Wells Fargo and Morgan Stanley both posted strong year-over-year wealth revenue growth in the second quarter of 2026. Wells Fargo's wealth and investment management division generated $3.8 billion in total revenue, a 13% increase, while Morgan Stanley's wealth division reported net revenue of $8.9 billion, up from $7.9 billion a year earlier. Morgan Stanley highlighted net new assets of $148 billion, with over half coming from IPO-related inflows in its Workplace channel, including the SpaceX offering where it served as a lead bank. Wells Fargo noted near-record advisor recruiting and record-low attrition, with CFO Mike Santomassimo saying the pipeline remains strong. Goldman Sachs and JPMorgan Chase also reported higher wealth revenues, with Goldman up 20% to about $4.6 billion and JPMorgan up 19% to $6.9 billion.

Impact on stocks 5

Financials▲ · 3 stocks
Morgan Stanley
MS
▲ PositiveDemandrelevance

Morgan Stanley's wealth revenue rose 13% to $8.9 billion, with $148 billion in net new assets, including IPO-related inflows from SpaceX.

Wells Fargo & Company
WFC
▲ PositiveDemandrelevance

Wells Fargo's wealth revenue grew 13% to $3.8 billion, with near-record advisor recruiting and record-low attrition.

Goldman Sachs Group Inc
GS
▲ PositiveDemandrelevance

Goldman Sachs reported a 20% increase in wealth revenue to $4.6 billion, indicating strong client demand.

Digital Finance & Tokenization▲ · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveDemandrelevance

JPMorgan Chase reported a 19% increase in wealth revenue to $6.9 billion, reflecting robust demand.

Space Economy▲ · 1 stocks
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