Morgan Stanley (MS) earnings date & stock reaction
MS · Morgan Stanley · Financials
“With a return on tangible equity of 22.6%, this quarter marks our fifth consecutive quarter above 20%, speaking to the consistent strength of our global franchise.”
“Revenues of $20.3 billion, EPS of $3.03, and an ROTCE of 22.6%. Growth momentum from the second quarter carried into the early part of the third quarter.”
- ▲Record Wealth Management Growth
- Wealth Management revenue reached $9.1 billion this quarter, up 10% vs last year, marking a record high.
- Net new assets hit $232 billion and fee-based flows reached $80 billion, both setting new records.
- ▲Institutional Securities Revenue Rebound
- Institutional Securities revenue was $10 billion, up 18% vs last year.
- Equities revenue specifically surged to $5.8 billion, a 41% increase vs last year.
- ▲Asset Inflows via Integrated Model
- Total client assets in Wealth and Investment Management grew by $400 billion this quarter to $10.5 trillion.
- Corporate retirement mandates and IPO-related flows continue to expand the client base.
- ▼Investment Management Underperformance
- Investment Management revenue was $1.5 billion, down 12% vs last year.
- Net income for the segment was $190 million, a 29% decline vs last year.
- ▼Margin and Profitability Pressure
- Wealth Management net interest income saw a modest decline vs the previous quarter due to deposit growth and mix shifts.
- Consolidated income before taxes was $6.48 billion, down 12% vs the previous quarter.
- ▼Market Volatility and Moderating Activity
- Market activity moderated after September due to geopolitical tensions and rising interest rates.
- Fixed Income revenue was $2 billion, reflecting lower activity in structured products and credit.
Price after the latest report
Morgan Stanley (MS) rose the day after earnings in 9 of its last 12 reports (75%), moving ±3.3% on average. It has fallen despite beating the consensus estimate 2 times.
When results drop, check the metric above vs last quarter and whether guidance beats expectations.
The real bar for this stock
Beating estimates isn't enough. Here's where the real surprise started.
How this stock reacts to earnings
Traits seen across its recent earnings reactions
Earnings number vs guidance: which drives it?
How often the beat/miss matched the actual price move
2/11 beats fell next day · watches Wealth mgmt fees · net inflows · trading
- Sep 2026 report-3.9%
- Jun 2026 report+0.4%
- Mar 2026 report+4.5%
- Dec 2025 report+5.8%
- Sep 2025 report+4.7%
- Jun 2025 report-1.3%
Earnings timeline · bars = next-day move, ▲▼ = beat/miss
Earnings trend · last 12 quarters
Earnings history and price reaction
| Quarter ended | Reported (ET) | vs market expectation (consensus) | Earnings day | After 5 days |
|---|---|---|---|---|
| 9/2026 | 2026-10-14 | +3.9% | -3.9% | — |
| 6/2026 | 2026-07-15 | +17.9% | +0.4% | -5.0% |
| 3/2026 | 2026-04-15 | +13.6% | +4.5% | +3.3% |
| 12/2025 | 2026-01-15 | +9.4% | +5.8% | +1.3% |
| 9/2025 | 2025-10-15 | +32.6% | +4.7% | +2.5% |
| 6/2025 | 2025-07-16 | +7.5% | -1.3% | -1.1% |
12 reports, quarters ending 12/2023 to 9/2026. The earnings-day move is the first trading day that reflects the report; the five-day figure is the cumulative move from that point.
Frequently asked questions
When is the next Morgan Stanley earnings date?
The next Morgan Stanley (MS) earnings report is expected Wed, January 13 (estimated). This is an estimate based on past reporting dates, not a confirmed date.
Does Morgan Stanley (MS) stock usually go up after earnings?
Over the last 12 earnings reports, the stock rose on 9 of them (75%). The average move on earnings day was ±3.3%.
Does Morgan Stanley react more to the earnings numbers or to guidance?
In 2 of the last 12 reports (17%), the stock moved the opposite way from whether it beat or missed the forecast. A high share means guidance and expectations drive the move more than the reported numbers.
Can Morgan Stanley stock fall even when earnings are good?
Yes. In 2 of the last 12 reports, Morgan Stanley fell on the earnings day despite growing EPS. Expectations already priced in, or guidance, can matter more than the reported numbers.
Does Morgan Stanley stock keep moving after the earnings day?
Over the last 11 reports, the move continued in the same direction for the following five trading days 36% of the time. This tendency is known as post-earnings announcement drift.