Morgan Stanley (MS) Q4 2025 (USD): EPS 2.68 (exp. 2.43), revenue 17.9bln (exp. 17.7bln).

Morgan Stanley's Q4 2025 earnings report shows a strong performance, beating both earnings per share and revenue expectations.

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US PRE-MARKET MOVERS: GS, MS, TSM, BLK, SPOT, PEN/BSX

Morgan Stanley (MS) Q4 2025 (USD): EPS 2.68 (exp. 2.43), revenue 17.9bln (exp. 17.7bln).

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Revenue breakdown

  • Wealth Management 8.43bln (exp. 8.34bln).
  • Investment Management 1.72bln (prev. 1.64bln Y/Y)
  • FICC 1.76bln (exp. 1.92bln).
  • Equities sales and trading revenue 3.67bln (exp. 3.55bln).
  • Institutional Investment Banking revenue 2.41bln (exp. 2bln).

Other metrics

  • Non-interest expenses 12.11bln (exp. 12.27bln).
  • Provision for credit losses 18mln (exp. 81.1mln).
  • Compensation expenses 7.06bln (exp. 7.24bln).
  • Total deposits 415.52bln (exp. 411.36bln).
Context

The robust figures in wealth and institutional investment banking reflect solid demand in these segments, while the lower revenue in FICC suggests some challenges in fixed income trading. Overall, these results could positively impact market sentiment towards financial equities and provide a supportive backdrop for the firm's outlook.

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