Morgan Stanley (MS)
Fair ValueFundamental
61
Price
$179.49
Market Cap
$293.71B
Part 1 · What the company is worth
Overview
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments. The company offers capital raising and financial advisory services, including services related to the underwriting of debt, equity securities, and other products, as well as advice on mergers and acquisitions, restructurings, and project finance. It also provides equity and fixed income products comprising sales, financing, prime brokerage, and market-making services; Asia wealth management; business-related investments services; originating corporate and commercial real estate loans, secured lending facilities, and extending securities-based and other financing; and research activities. In addition, the company offers financial advisor-led brokerage, investment advisory, custody, cash management, and administrative services; self-directed brokerage services; financial and wealth planning services; stock plan administration; securities-based lending, residential real estate loans, and other lending products; banking; and retirement plan services. Further, it provides equity, fixed income, alternatives and solutions, and liquidity and overlay services to benefit/defined contribution plans, foundations, endowments, government entities, sovereign wealth funds, insurance companies, third-party fund sponsors, corporations, and individuals. Morgan Stanley was founded in 1924 and is headquartered in New York, New York.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 19, 2026, shared with all users
The closest peer by business mix: both are US bulge-bracket firms bidding for the same M&A and equity underwriting mandates, the same institutional trading flow, and increasingly the same ultra-high-net-worth wealth clients.
Leads the global league tables in investment banking and markets alongside Morgan Stanley, and its private bank and self-directed brokerage compete for the same affluent US clients.
Through Merrill Lynch it runs the other large US wirehouse adviser network, competing account by account with Morgan Stanley's financial advisers, while BofA Securities bids for the same underwriting and trading business.
Competes for the retail and self-directed side of Morgan Stanley's wealth business — the E*TRADE accounts, workplace stock plans and adviser custody — largely on price.
A top-five global investment bank competing for the same advisory, debt and equity capital markets mandates and the same institutional trading clients, with a private bank aimed at the same very wealthy families.
After absorbing Credit Suisse it is the main global rival in wealth management — the segment that supplies most of Morgan Stanley's revenue — and it names Morgan Stanley among its own competitors in the Americas.
Balance Sheet & Liquidity
Revenue
$78.04B
Trailing 12 months (through 6/30/2026)
Net Income
$20.16B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
-
Total Equity
$111.63B
Total Liabilities
$1.31T
Current Ratio
0.30
Interest Coverage
2.41
Debt/EBITDA
-
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$150.23
Current Price
$179.49
Margin of Safety
-19.5%
Fair Value Range
$98.06 - $202.41
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
14.51
ROE
15.1%
P/B Ratio
2.42
P/FCF
-
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
6.0%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (13)
- EPS shows upward trend
- EPS CAGR 7.24%
- Price CAGR 15.70%
- P/B ratio 2.42
- Operating margin 33.5%
- Interest coverage
- Low reliance on intangibles
- ROE 17.8%
- Revenue growth 5Y 17.9%
- Earnings surprise, average 8.2%
- PEG ratio 1.50
- Share dilution -2.0%
- Net margin trend 25.8% vs 22.3%
Failed (6)
- Debt/equity ratio
- Return on tangible assets
- Price below Graham Number
- DCF valuation (Unknown)
- Earnings quality (operating cash flow / net income) -0.77
- Piotroski F-Score 3/9
Unavailable (8)
- ROIC –
- Gross margin –
- P/FCF –
- Dividend payout –
- Positive free cash flow
- CapEx intensity
- Current ratio
- Debt/EBITDA
Piotroski F-Score
Serious financial concerns
Earnings Quality
Low quality: investigate accounting
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Well-known investors who own Morgan Stanley
Latest 13F: quarter ended 06/30/2026
| Investor | Weight in their portfolio | Last quarter |
|---|---|---|
| George Soros · Soros Fund Management | 0.1% | +$4.0M |
| Joel Greenblatt · Gotham Asset Management | 0.0% | +$29.1K |
| Ray Dalio · Bridgewater Associates | 0.0% | +$829.3K |
Source: 13F filings with the SEC. Long positions in US stocks only, filed up to 45 days late.
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Mr. Edward N. Pick | CEO & Chairman of the Board | 56 |
| Mr. Daniel Aaron Simkowitz | Co-President | 59 |
| Mr. Andrew Michael Saperstein | Co-President | 58 |
| Ms. Sharon Yeshaya | Executive VP & CFO | 45 |
| Mr. Eric F. Grossman | Executive VP and Chief Legal & Administrative Officer | 58 |
| Mr. Michael A. Pizzi | Executive VP & Global Head of Technology and Operations | 50 |
| Mr. Michael John Wilson | Chief U.S. Equity Strategist & Chief Investment Officer | - |
| Victoria Worster | Chief Accounting Officer & Controller | - |
| Ms. Robyn Maslynsky Goldschmid | Managing Director | - |
| Mr. Clint G. Gartin | Chairman of Investment Banking | - |
Audit Risk
6
Board Risk
5
Compensation Risk
5
Shareholder Rights Risk
7
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-19
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-08-04
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-14
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much MS moves, measured on its daily prices.
More volatile than 26% of the tracked stocks (90-day volatility).
- Volatility 30d
- 24.7%
- Volatility 90d
- 27.3%
- Beta vs S&P 500 (1y)
- 1.42Correlation 0.64
- Max drawdown (12m)
- -21.9%
- ATR (14d, % of price)
- 2.81%
Earnings reactions
How MS moved around its past quarterly results.
Next earnings release
Jan 14, 2027 · In 81 days · Before the open
EPS estimate: 2.98Revenue estimate: $20.3B
What usually happens
- Over the last 12 releases the stock moved a median of 3.4% the next day, up or down.
- Next-day moves: up 9, down 3 (out of 12).
- Of the 5 releases that beat estimates, the stock fell the next day after 1.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 14, 2026 | Before the open | 2.91 | 3.03 | +4.1% | -3.3% | -2.7% | -3.3% |
| Jul 15, 2026 | Before the open | 3.03 | 3.46 | +14.1% | -2.2% | +0.4% | -5.0% |
| Apr 15, 2026 | Before the open | 3.09 | 3.43 | +10.9% | +2.8% | +4.5% | +3.3% |
| Jan 15, 2026 | Before the open | 2.51 | 2.68 | +6.8% | +0.1% | +5.8% | +1.3% |
| Oct 15, 2025 | During the session | 2.17 | 2.80 | +29.3% | +4.9% | +4.7% | +2.5% |
| Jul 16, 2025 | During the session | n/a | n/a | n/a | -1.5% | -1.3% | -1.1% |
| Apr 11, 2025 | During the session | n/a | n/a | n/a | -3.5% | +1.4% | +2.4% |
| Jan 16, 2025 | During the session | n/a | n/a | n/a | +1.4% | +4.0% | +5.6% |
| Oct 16, 2024 | During the session | n/a | n/a | n/a | +4.2% | +6.5% | +5.4% |
| Jul 16, 2024 | During the session | n/a | n/a | n/a | -1.1% | +0.9% | -2.7% |
| Apr 16, 2024 | During the session | n/a | n/a | n/a | +4.3% | +2.5% | +5.9% |
| Jan 16, 2024 | During the session | n/a | n/a | n/a | -3.3% | -4.2% | -4.4% |
Release dates from SEC 8-K filings.
Updated 10/25/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Latest News
Recent headlines for MS.
- 11d agoNEUTRALIl titolo Morgan Stanley scende leggermente nonostante i solidi utili del terzo trimestre
Morgan Stanley's stock experienced a slight dip in pre-market trading on October 14th, despite the financial institution reporting third-quarter earnings that surpassed analyst expectations. The bank posted earnings per share of $3.03 on revenue of $20.34 billion, exceeding the consensus estimates of $2.91 per share and $19.95 billion respectively. While equity trading provided a significant boost, the mixed performance across its various business segments raises questions about the sustainability of its earnings power in potentially less favorable market conditions. Investors appear cautious, seeking further clarity on the longevity of this performance.
- 11d agoNEGATIVEMorgan Stanley debole nel pre-market nonostante solida trimestrale e sopra le attese
Morgan Stanley is trading down 0.9% in pre-market activity despite reporting third-quarter results that exceeded expectations. The investment bank's revenue for the period showed growth, surpassing analyst forecasts. While the earnings report itself was strong, the pre-market dip suggests that other market factors or investor sentiment might be outweighing the positive financial performance, potentially indicating a 'sell the news' event or broader market concerns impacting the stock.
- +1 day
- -1.7%
- +3 days
- -1.4%
- 11d agoPOSITIVEMorgan Stanley Profit Climbs on Equity Trading, Wealth Management
Morgan Stanley reported a rise in third-quarter profits, exceeding analyst expectations. The firm's equity trading division performed strongly, and its wealth management arm achieved record inflows. This performance indicates robust operational execution and client engagement, suggesting resilience in its core business segments. Investors may view this as a positive sign of the bank's ability to generate earnings growth in a dynamic market environment, potentially leading to increased confidence in the stock.
- +1 day
- -1.7%
- +3 days
- -1.4%
- 12d agoNEUTRALIl selloff di Morgan Stanley si attenua prima degli utili, il mercato opzioni punta a $205
Morgan Stanley shares have experienced a significant sell-off, dropping from a July high of $230 to a recent low of $182.62, amid a cooling enthusiasm for mergers and acquisitions (M&A) and IPOs. The decline is attributed to a slowdown in investment banking activity, with global M&A volume in Q3 falling 41% quarter-over-quarter to $993 billion. As the company approaches its earnings report, the options market suggests moderate volatility. Investors are closely watching for any signs of recovery or further impact from the subdued deal-making environment.
- 21d agoPOSITIVEThe average U.S. stock is quietly getting crushed. Morgan Stanley says these ones are worth buying now.
Morgan Stanley analysts are identifying undervalued stocks amidst a broad market downturn affecting many sectors, including industrials. The firm suggests that a significant portion of the U.S. stock market is experiencing substantial price declines, creating buying opportunities for specific equities. Investors are advised to consider these selectively beaten-down names as potential long-term investments, leveraging the current market sentiment to acquire assets at a discount before a potential market recovery.
- +1 day
- -0.7%
- +3 days
- -1.3%
- 25d agoNEUTRALMorgan Stanley Launches ‘Digital Asset Lab’ To Test Wall Street Crypto Infrastructure
Morgan Stanley has launched a 'Digital Asset Lab' to test cryptocurrency infrastructure, signaling a strategic move into the digital asset ecosystem. This initiative aims to enhance compliance, security, and market liquidity as institutional participation in crypto accelerates. While the lab's operational details are still under scrutiny, it represents a significant step for Wall Street in integrating digital asset services. Analysts are closely monitoring liquidity signals and collateral flows following this announcement, which could set a precedent for future institutional involvement in the crypto space.
- 27d agoNEUTRALMorgan Stanley Builds Crypto Lab to Test Future of Wall Street
Morgan Stanley has established a Digital Asset Lab to investigate blockchain technologies like stablecoins, tokenization, and decentralized finance (DeFi). This initiative aims to explore potential applications of these systems within the bank's operations. While the move signals an interest in future financial technologies, it does not immediately translate to a direct revenue-generating event or a significant shift in current business performance. Investors will monitor the lab's progress for potential long-term strategic advantages and innovation.
- 9/25/2026NEGATIVEEmail Misfire Leaks Morgan Stanley Deal List
Morgan Stanley is facing a significant data leak after a banker accidentally distributed an internal list of over 100 deals, including potential IPOs and client information, to external parties. This misstep has forced the financial giant to urgently address the fallout and mitigate damage to its client relationships and competitive standing. The incident raises concerns about internal data security protocols and could lead to reputational damage and potential regulatory scrutiny, impacting investor confidence.
- +1 day
- -0.5%
- +3 days
- -1.4%
- 9/23/2026NEGATIVEMorgan Stanley Investigates Misfired Email
Morgan Stanley is investigating a data leak incident involving a staffer who accidentally disseminated an email containing a confidential list of ongoing investment-banking deals in Asia. This breach of sensitive information raises concerns about internal controls and data security protocols within the financial institution. For investors, such an event could signal operational risks and potentially impact client trust, although the immediate financial implications are yet to be fully assessed. The firm is actively working to understand the scope and origin of the misfired communication.
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 9/4/2026NEUTRALCould Bank Research Vanish From X?
Morgan Stanley is taking action against users on X (formerly Twitter) for sharing its copyrighted research, filing complaints against at least 16 posts and temporarily suspending a key strategist's account. This move sparks debate on fair use and the future of research dissemination on social media platforms. While the immediate impact on Morgan Stanley's stock is unclear, the broader implication for financial research sharing on platforms like X could lead to increased compliance measures and potentially altered information flow for market participants.
- 7/22/2026POSITIVEGoldman Sachs and Morgan Stanley had a monster quarter. Analysts say these giants could be next.
Morgan Stanley reported robust first-half earnings, prompting analysts to issue upgrades for both earnings and recommendations. This strong performance from a Wall Street giant suggests a potential positive spillover effect into European markets, with analysts indicating that similar success could be mirrored across the Atlantic. The news implies a favorable environment for financial institutions, potentially leading to increased investor interest and upward price movements for companies within the sector.
- +1 day
- +1.1%
- +3 days
- +0.4%
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.