Morgan Stanley released financial results for the third quarter ended September 30, 2026, reporting net revenues of $20.3 billion. This figure represents a $2.1 billion increase compared to the same period in the prior year, which recorded net revenues of $18.2 billion.
For the quarter, the company reported net income applicable to Morgan Stanley of $4.9 billion. This translates to earnings per diluted share of $3.03, an increase from $2.80 per share reported in the third quarter of 2025.
The firm reported a return on tangible common equity (ROTCE) of 22.6% for the quarter. The Standardized Common Equity Tier 1 capital ratio was 14.9%.
On a segment basis, Institutional Securities generated net revenues of $10.0 billion, driven by a 41% increase in Equity net revenues. Wealth Management reported record net revenues of $9.1 billion, with net new assets totaling $232 billion and fee-based flows of $80 billion. Investment Management reported net revenues of $1.5 billion.
In other corporate actions, Morgan Stanley repurchased $1.5 billion of its common stock during the quarter. The Board of Directors declared a quarterly dividend of $1.15 per share, payable on November 13, 2026.
