| Imagery Source: Flickr/ Steve Smith |
| Information Source: Morgan Stanley |
| Morgan Stanley (NYSE: MS) today reported net revenues of $16.8 billion for the second quarter ended June 30, 2025, compared with $15.0 billion a year ago. Net income applicable to Morgan Stanley was $3.5 billion, or $2.13 per diluted share,1 compared with $3.1 billion, or $1.82 per diluted share,1 for the same period a year ago. |
| Ted Pick, Chairman and Chief Executive Officer, said, “Morgan Stanley delivered another strong quarter. Six sequential quarters of consistent earnings – $2.02, $1.82, $1.88, $2.22, $2.60 and $2.13 – reflect higher levels of performance in different market environments. Institutional Securities saw strength and balance across businesses and geographies. Wealth continues to deliver, adding $59 billion of net new assets and $43 billion of fee-based flows. Total client assets across Wealth and Investment Management reached $8.2 trillion. We announced an increase in our quarterly common stock dividend to $1.00 per share with flexibility to deploy incremental capital. The management team is executing across the Integrated Firm, acting as a trusted advisor to clients and driving durable growth and long-term returns for our shareholders.” |
| Highlights |
- Net revenues for the second quarter were $16.8 billion, demonstrating the strength of our Integrated Firm with contributions across our business segments amidst a mixed market backdrop.
- The Firm delivered an ROTCE of 18.2% in the second quarter and 20.6% for the first half of the year. 2,4
- The Firm's expense efficiency ratio was 70% for the first half of the year, benefiting from our scale and disciplined expensemanagement .. 3,8,19
- The Standardised Common Equity Tier 1 capital ratio was 15.0%. 16
- Institutional Securities reported net revenues of $7.6 billion, reflecting strong performance in our Markets businesses on higher client activity, with notable strength in Equity.
- Wealth Management delivered a pre-tax margin of 28.3% for the quarter. 7 Net revenues of $7.8 billion reflect strong asset management revenues, higher levels of client activity and the positive impact of DCP.5 The business demonstrated continued strength with net new assets of $59 billion and fee-based asset flows of $43 billion for the quarter. 10,11
- Investment Management results reflect net revenues of $1.6 billion, primarily driven by asset management fees on higher average AUM. The quarter included positive long-term net flows of $11 billion. 13
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| For the full document, click the link below |
| Morgan Stanley |
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