Key Stats for Morgan Stanley Stock
- Current Price: $216 (July 17, 2026)
- Q2 2026 Revenue: $21.35B, +27.1% YoY, beat Street estimates by 8.6%
- Q2 2026 Adjusted EPS: $3.46, +62.4% YoY, beat Street estimates by 18.6%
- Q2 2026 EBIT Margin: 34.9%, up 619bps YoY
- Q2 2026 Net Income: $5.44B, +18.4% beat vs Street
- Quarterly Dividend (raised): $1.15 per share, +15%
- TIKR Model Price Target: $258
- Implied Upside: 20%
Morgan Stanley Beats Every Estimate as Equities Trading Fuels a Record Quarter
Morgan Stanley (MS) delivered a record second quarter following its July 15 earnings report, with Morgan Stanley stock trading near $215.50 as revenue of $21.35 billion beat the Street’s $19.65 billion estimate by 8.6%. Adjusted EPS came in at $3.46, beating the $2.92 Street estimate by 18.6% and capping a first half with $42 billion in revenue and $6.90 in EPS.
Institutional Securities posted record revenue of $11 billion, driven by a $6.3 billion record quarter in equities trading and $2.4 billion in Investment Banking revenue, up 58% year over year. Advisory revenue rose to $798 million, equity underwriting reached $851 million on strong IPO activity, and fixed income underwriting hit a record $788 million.
Fixed Income trading revenue totaled $2.5 billion, supported by prime brokerage gains from higher client balances and strong activity across Asia. Ted Pick, Chairman and CEO, stated on the Q2 earnings call that revenues exceeded “$21 billion” with EPS of “$3.46, marking an exceptional first half for 2026,” tying the results directly to record trading and banking activity.
Wealth Management generated record revenue of $8.9 billion and a 30.5% pretax margin, supported by record net new assets of $148 billion and fee-based flows of $39 billion. Net interest income rose to $2.3 billion as deposits grew to $436 billion and loan balances expanded by $9 billion during the quarter.
Investment Management assets under management reached a record $2 trillion, with Parametric, the firm’s custom indexing platform, now managing over $760 billion. Total client assets across Wealth and Investment Management crossed $10 trillion, a milestone management has been targeting for several years.
Morgan Stanley has accreted $18 billion of CET1 capital over the last ten quarters, ending the period with a 14.8% CET1 ratio and a capital cushion of at least 300 basis points. The firm raised its quarterly dividend 15% to $1.15 per share and repurchased $1.5 billion of Morgan Stanley stock during the quarter.
Management pointed to an accelerating artificial intelligence capital spending cycle, noting 2026 data center capital expenditures are now tracking near $850 billion versus an initial $575 billion forecast, with 2027 spending projected near $1.3 trillion. Executives framed the buildout as part of a potential $10 trillion, decade-long AI compute cycle in which Morgan Stanley expects to act as adviser and financier to enterprise clients.
Investment Banking pipelines remain healthy, with management flagging broadening deal activity beyond the Americas and sponsor monetization “selectively gaining momentum” heading into the second half.
TIKR Values Morgan Stanley Stock at $258, Pricing In Continued Trading and Wealth Strength
TIKR’s mid-case model values Morgan Stanley at $258 by December 2030, implying 20% total return from the current price of $215.50, or 4% annualized over 4.5 years.
That return profile positions Morgan Stanley stock as a steady compounder within the banking sector rather than a candidate for aggressive multiple expansion.
The target reflects momentum already showing up in the business: record equities trading revenue of $6.3 billion, Investment Banking revenue up 58% year over year, and a Wealth Management franchise that added $148 billion in net new assets in a single quarter. With total client assets past $10 trillion and capital returns expanding through a 15% dividend increase and $1.5 billion in buybacks, the earnings power behind the target is already visible in the current quarter’s results.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
