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MS

MORGAN STANLEY

At today's price, MORGAN STANLEY (MS) is priced for +18.8% earnings growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.

Live priced in
+18.8% earnings growth
Priced In
elevated

Key Takeaways

Morgan Stanley is best read as a fee franchise wearing a bank's balance sheet. The durable value sits in Wealth Management, which posted record net revenue of $8.5 billion in Q1 2026 on $118.4 billion of net new assets, an annuity-like stream the price is really paying for. The quarter was a peak. Q1 2026 delivered record revenue of $20.6 billion, EPS of $3.43, and a 27.1% return on tangible equity, with trading and investment banking each up sharply, the cyclical engine running hot. The metho

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Institutional ownership

2,423 institutional managers reported holding MS in 13F filings for the quarter ended 2026-03-31. Together they hold about 81% of the company; the top 10 hold 53%. 134 opened new positions that quarter. Held by Vanguard Group, State Street, BlackRock, among others. On the short side, 17.9M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (3 days of typical volume to cover).

Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.

Capital returns

MS has cut its share count 13.9% over the past five years. It pays a dividend, and has paid one every year in our records (18 and counting), raised 12 years straight; the current rate is $3.85 a share annually. Cash returned over the past three years: $17.42B in dividends.

Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.

Insider activity

No open-market insider buys on file at MS over the trailing three years. Absence is a fact about the company, not a signal. 24 officers and directors are on file.

Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.

Earnings reactions

MS's recent reports: the day-one move, then what the following quarter actually did.

reportday onenext quarter
2023-08-04+7.8%-9.6%
2023-11-04-2.3%+22.2%
2024-02-23+1.8%+7.2%
2024-05-04+3.7%+6.3%

Day-one is the close-to-close move around the filing. Nothing here is investment advice.

Recent filings

MS's latest 8-K filings: 2026-07-15 (items 2.02, 9.01); 2026-06-24 (items 8.01, 9.01); 2026-05-15 (items 5.07); 2026-04-15 (items 2.02, 9.01); 2026-02-11 (items 8.01).

Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.

Compare MS

APO vs MSBLK vs MSBX vs MSCME vs MSFUTU vs MSGLDI vs MS

Last analyzed: July 3, 2026

For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.