Morgan Stanley (MS) Q1 2026 earnings

Morgan Stanley On Wednesday, it posted first-quarter results that beat analysts’ estimates as the company’s business operations generated nearly $1 billion more revenue than expected.

Here is what the company said:

• Earnings: $3.43 per share versus LSEG’s $3 estimate
• profit: $20.58 billion compared to an estimated $19.72 billion

The bank said profits jumped 29% to $5.57 billion, or $3.43 per share. Revenue rose 16% to $20.58 billion, helped by gains in the company’s trading, investment banking and wealth management businesses.

Morgan Stanley shares rose 3% in premarket trading.

Equity trading revenue jumped 25% to a record $5.15 billion, or about $450 million above StreetAccount estimates. The company noted strong trading volumes across its global equity franchise, particularly in its prime brokerage business serving hedge funds and its derivatives unit.

Fixed income revenues rose 29% to $3.36 billion, or $540 million more than expected, supported by commodity trading, which benefited from volatility in energy markets during that period.

Morgan Stanley, led by CEO Ted Beck since 2024, appears to have weathered the turmoil of the first quarter, which saw sustained corrections in software stocks and turmoil caused by the Iran war. It should be noted that the bank outperformed its competitor Goldman Sachs In the main arena of fixed income trading, Goldman posted an unusually large loss of $910 million versus StreetAccount estimates.

Morgan Stanley’s investment banking revenue rose 36% to $2.12 billion, essentially in line with StreetAccount estimates, due to higher fees from completed mergers as well as underwriting of stocks and bonds.

Wealth management revenues rose 16% to a record $8.52 billion, as the company cited higher asset values ​​and fee-generating transactions.

The company’s smallest division, Investment Management, saw revenue fall 4.2% to $1.54 billion, or about $110 million below expectations. Morgan Stanley noted lower interest on private funds due to lower performance.