Morgan Stanley (MS) Stock Overview
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. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
MS Community Fair Values
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Analyst Price Targets
Morgan Stanley Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$213.93 |
| 52 Week High | US$230.47 |
| 52 Week Low | US$135.27 |
| Beta | 1.22 |
| 1 Month Change | -0.49% |
| 3 Month Change | 29.02% |
| 1 Year Change | 48.42% |
| 3 Year Change | 156.73% |
| 5 Year Change | 144.10% |
| Change since IPO | 2,660.39% |
Recent News & Updates
Narrative Update • Jun 29
MS: Capital Returns And Private Market Tensions Will Shape Balanced Future Returns
Analysts have lifted their price target on Morgan Stanley from about $190.33 to around $206.67, citing updated assumptions on discount rate, revenue growth, profit margin, and future P/E that adjust the valuation framework rather than a single catalyst. What's in the News Morgan Stanley capped redemptions at its North Haven Private Income Fund after investors requested withdrawals equal to 11.6% of shares outstanding in Q2, more than double the fund’s 5% quarterly limit, with only about 43% of requests to be fulfilled on a pro rata basis, according to recent reporting on private credit market stress.Analysis Article • Jun 21
Morgan Stanley (MS) Stock Could Be 17.3% Overvalued After Its Crypto ETF Push
Morgan Stanley (MS) is back in focus after filing amended S-1s for proposed spot Ethereum and Solana ETFs with industry-low 0.14% fees, alongside recent Bitcoin accumulation and a registered Bitcoin ETF. See our latest analysis for Morgan Stanley. That crypto ETF push comes after a strong run in Morgan Stanley’s stock, with a 90 day share price return of 35.81% and a 1 year total shareholder return of 72.22%. This suggests momentum has been building as earnings expectations and funding...Recent updates
Narrative Update • Jun 29
MS: Capital Returns And Private Market Tensions Will Shape Balanced Future Returns
Analysts have lifted their price target on Morgan Stanley from about $190.33 to around $206.67, citing updated assumptions on discount rate, revenue growth, profit margin, and future P/E that adjust the valuation framework rather than a single catalyst. What's in the News Morgan Stanley capped redemptions at its North Haven Private Income Fund after investors requested withdrawals equal to 11.6% of shares outstanding in Q2, more than double the fund’s 5% quarterly limit, with only about 43% of requests to be fulfilled on a pro rata basis, according to recent reporting on private credit market stress.Analysis Article • Jun 21
Morgan Stanley (MS) Stock Could Be 17.3% Overvalued After Its Crypto ETF Push
Morgan Stanley (MS) is back in focus after filing amended S-1s for proposed spot Ethereum and Solana ETFs with industry-low 0.14% fees, alongside recent Bitcoin accumulation and a registered Bitcoin ETF. See our latest analysis for Morgan Stanley. That crypto ETF push comes after a strong run in Morgan Stanley’s stock, with a 90 day share price return of 35.81% and a 1 year total shareholder return of 72.22%. This suggests momentum has been building as earnings expectations and funding...
Narrative Update • Jun 15
MS: Future Returns Will Rely On AI Wealth Ambitions And Crypto Expansion
Analysts have kept their $230 price target on Morgan Stanley unchanged, citing small adjustments in the discount rate, revenue growth, profit margin and future P/E assumptions rather than a major shift in the overall investment view. What's in the News Morgan Stanley is opening its US$1.2b wealth management stock administration platforms, ShareWorks and Equity Edge, to external AI agents, with early access for select clients and a planned rollout to all 3,400 corporate clients by next year.Seeking Alpha • Jun 12
Morgan Stanley: $22T In Derivatives That Weigh $45B
Summary Morgan Stanley (MS) delivered a record quarter, driven by explosive growth in cleared derivatives and robust fixed income revenues. MS's $22T notional derivatives exposure is largely risk-mitigated, with net balance sheet impact under 3% of assets and CET1 ratio at 15.1%. The firm's stable deposit base underpins its funding advantage, justifying a 30% market premium over peers like GS. I maintain a Hold rating, seeing current optimism priced in; a Buy would require sustained markets revenue growth with stable funding. Read the full article on Seeking AlphaNarrative Update • Jun 01
MS: Future Upside Will Rely On Buybacks Crypto Exposure And Underwriting Fees
Analysts have adjusted their price target for Morgan Stanley from $221 to $230, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. What's in the News Morgan Stanley reported Q1 2026 earnings per share of US$3.43, described as 32% higher year over year, with record revenues across Institutional Securities, Wealth Management, and Investment Management segments and advisory revenues said to be up 74% compared with the prior year, according to recent earnings coverage.
Narrative Update • Apr 28
MS: Higher Future P/E Multiple Will Likely Restrain Long Term Returns
Analysts now set a higher price target for Morgan Stanley at $165, up from $150.65, reflecting updated assumptions that include a slightly lower discount rate, more moderate revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News Morgan Stanley repurchased 10,000,000 shares for US$1,750 million between January 1, 2026 and March 31, 2026, representing 0.63% of shares under its existing buyback program (Key Developments).Analysis Article • Apr 17
Morgan Stanley Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Morgan Stanley ( NYSE:MS ) just released its latest quarterly results and things are looking bullish. Morgan Stanley...Narrative Update • Apr 14
MS: Buybacks And Stable Credit Costs Will Support Balanced Future Returns
Analysts have trimmed their price target on Morgan Stanley by about $5 to roughly $190, pointing to slightly adjusted assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the update. What's in the News Morgan Stanley reported fourth quarter 2025 charge-offs of $87 million, mainly tied to a single commercial real estate loan that had been largely provisioned for in earlier periods (Key Developments).Narrative Update • Mar 31
MS: Future Upside Will Depend On Ongoing Buybacks And Underwriting Fees
Analysts have kept the Morgan Stanley price target steady at $221.00, indicating that only small adjustments in discount rate, revenue growth, profit margin, and future P/E assumptions broadly offset one another in their updated models. What's in the News Morgan Stanley completed a share repurchase of 16,378,741 shares, representing 1.03% of shares, for a total of US$2,584.3m under the buyback announced on July 1, 2025.Narrative Update • Mar 17
MS: Buybacks And Lower Credit Costs Will Support Future Upside
Analysts have raised their price target on Morgan Stanley from $169.52 to $195.81. They cite updated assumptions that include revised revenue growth, profit margin, discount rate and future P/E inputs.Narrative Update • Mar 03
MS: Future Returns Will Rely On Buybacks And Higher Underwriting Profitability
Analysts have maintained their $221.00 price target for Morgan Stanley, noting that slight adjustments to the discount rate, revenue growth, profit margin, and forward P/E assumptions have influenced this view. What's in the News Morgan Stanley & Co. LLC has been added as a co-lead underwriter for the bank's US$3.25 billion fixed income offering, alongside MUFG Securities Americas Inc.Narrative Update • Feb 17
MS: Future Returns Will Rely On Buybacks And Higher Profitability
Analysts have maintained their $221.00 price target for Morgan Stanley, pointing to only slight tweaks in assumptions around discount rate, revenue growth, profit margin, and future P/E as supporting factors rather than drivers of a new valuation view. What's in the News Morgan Stanley reported fourth quarter 2025 charge offs of $87 million, primarily linked to a single commercial real estate loan that had been largely provisioned for in earlier periods (Key Developments).Narrative Update • Feb 03
MS: Future Returns Will Rely On Buybacks And Higher Profitability
Analysts have raised their fair value estimate for Morgan Stanley from US$202.00 to US$221.00, citing updated assumptions for revenue growth, profit margins, the discount rate, and future P/E levels. What's in the News Morgan Stanley reported fourth quarter 2025 charge-offs of $87 million, primarily tied to a single commercial real estate loan that had been largely provisioned for in earlier periods (Key Developments).Narrative Update • Jan 20
MS: Higher P/E And Aggressive Buybacks Will Likely Restrain Future Returns
Analysts have revised their fair value estimate for Morgan Stanley to US$150.65 from US$135.73, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Morgan Stanley recorded fourth quarter 2025 charge-offs of US$87 million, primarily tied to a single commercial real estate loan that had been largely provisioned for earlier periods (Key Developments).Narrative Update • Jan 05
MS: Future Returns Will Rely On Buybacks And Higher Profitability
Analysts now place Morgan Stanley's fair value at US$202.0, up from US$160.0. This reflects updated assumptions for a 6.60% revenue growth rate, a 22.63% profit margin, and a forward P/E of 21.58 under a slightly higher 9.73% discount rate. What's in the News Morgan Stanley is working with a broad syndicate of European banks as Co-Lead Underwriters on a €1.75b fixed income offering, including Lloyds Bank Corporate Markets, Nordea Bank Abp, ABN AMRO Bank N.V., Intesa Sanpaolo S.p.A., Société Générale, Danske Bank A/S, NatWest Markets Plc, Standard Chartered Bank, Erste Group Bank AG, Natixis, ING Bank N.V., Belgium Branch, Banco de Sabadell S.A., Banco Santander S.A., Raiffeisen Switzerland Cooperative, and MUFG Securities EMEA plc (Key Developments).Narrative Update • Dec 21
MS: Richer Multiple And Buybacks Will Likely Limit Future Return Potential
Analysts have raised their price target on Morgan Stanley from approximately 101 dollars to about 136 dollars. This reflects increased confidence in the bank's higher projected revenue growth, improved profit margins, and a modestly richer future price to earnings multiple, despite a slightly higher discount rate.Narrative Update • Dec 07
MS: Share Repurchases And Credit Costs Will Support Stable Outlook
Narrative Update Analysts have raised their price target on Morgan Stanley by about 1 dollar to approximately 170 dollars. This change reflects slightly higher expectations for revenue growth, profit margins, and future earnings multiples.Narrative Update • Nov 22
MS: Share Repurchase Activity And Margins Will Maintain Stable Outlook Ahead
Morgan Stanley's analyst price target remains unchanged at $168.15. Analysts cite stable revenue growth and profit margin expectations, which offset minor adjustments to the discount rate and forward P/E assumptions.Narrative Update • Nov 08
MS: Share Repurchase Program Will Balance Minor Financial Improvements Ahead
Analysts have raised Morgan Stanley's price target slightly to $168.15 from $167.35, citing minor improvements in revenue growth and profit margin expectations. What's in the News Morgan Stanley completed the repurchase of 7,440,032 shares for $1,084.14 million between July and September 2025.Narrative Update • Oct 25
Digital Platforms Will Expand Advisory Reach Amid Ongoing Buyback Initiatives
Analysts have raised their price target for Morgan Stanley from $154.75 to $167.35. They cited modest improvements in valuation factors, even though there were minor downward adjustments in growth and margin estimates.Analysis Article • Oct 18
Morgan Stanley Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
Morgan Stanley ( NYSE:MS ) defied analyst predictions to release its quarterly results, which were ahead of market...Narrative Update • Oct 11
Digital Platforms And Global Wealth Transfer Will Widen Advisory Reach
Analysts have raised their price target for Morgan Stanley from $145.90 to $154.75, citing slightly improved revenue growth estimates and profit margin expectations as key factors in their updated assessment. What's in the News E*TRADE from Morgan Stanley launched Power E*TRADE Pro, a highly customizable desktop platform for active traders.Narrative Update • Sep 27
Digital Platforms And Global Wealth Transfer Will Widen Advisory Reach
Morgan Stanley’s consensus analyst price target saw a modest increase to $145.90, reflecting essentially unchanged expectations for revenue growth and future P/E multiples. What's in the News E*TRADE from Morgan Stanley launched Power E*TRADE Pro, a sophisticated desktop trading platform targeting active traders, amid a 26% year-over-year increase in self-directed daily average revenue trades.Analysis Article • Jul 21
Morgan Stanley (NYSE:MS) Is Increasing Its Dividend To $1.00
Morgan Stanley ( NYSE:MS ) has announced that it will be increasing its dividend from last year's comparable payment on...Seeking Alpha • Apr 23
Morgan Stanley: Overlooked Inflection Points Have Emerged
Summary Morgan Stanley's Q1 earnings beat estimates, but emerging risks in net interest income and investment banking warrant attention. Fundamental concerns include rising provisions, asset-liability management challenges, and declining IPO volumes. Unfortunately, we see a continuation of these trends. Wealth Management shows resilience, acting as a stabilizing force, amid market volatility. Despite its strong dividend profile, Morgan Stanley seems grossly overvalued, and historical price risk probably necessitates caution in the current systematic environment. Read the full article on Seeking AlphaSeeking Alpha • Apr 13
Morgan Stanley Q1: Private Markets Will Drive Growth
Summary Morgan Stanley's unique fee-based revenue model makes it resilient to volatile interest rates, positioning it well for future growth, especially in a falling interest rate environment. The bank's focus on private market investments is a game-changing growth catalyst, with private markets poised to significantly outpace public markets in the coming years. Q1 results were strong, with a GAAP EPS of $2.60, beating estimates by 18.7%, and 17% year-over-year topline growth, highlighting the bank's resilience. Despite a premium valuation, Morgan Stanley's diversified, high-ROE earnings and forward EPS growth potential justify the bullish stance, making shares a strong buy. Read the full article on Seeking AlphaSeeking Alpha • Mar 24
Morgan Stanley Is Not Priced For Recession: Rotten EMV Is Concerning
Summary Morgan Stanley shares are extremely overvalued and face significant downside risk in 2025, assuming economic contraction and bearish market conditions on Wall Street prevail. Key technical momentum indicators, including Ease of Movement and Force Index readings, are signaling severe weakness, reminiscent of the March 2020 pandemic panic. I rate Morgan Stanley a Sell/Avoid until more clarity on new government policies and financial market reactions to slower economic growth occur. Read the full article on Seeking AlphaSeeking Alpha • Mar 18
Morgan Stanley: Solid Business, But Needs Direction To Buy
Summary Morgan Stanley is a blue chip financial stock which has emerged from a sea of competition over the decades, to become an industry leader. 1 of 5 financial stocks in the Dow Jones Industrial Average, MS has achieved sustainable growth and a reasonable "moat." However, MS stock is far from cheap, and is currently at a technical (price analysis) decision point, which is not resolved. Read the full article on Seeking AlphaSeeking Alpha • Feb 11
Bulls Chasing Morgan Stanley, Whose Dividend Growth Case Remains Strong
Summary Morgan Stanley gets upgraded to a buy from my prior hold rating, as several upside factors outweigh the high share price and overvaluation. The dividend yield of 2.6% is beating key peers, while the firm has a proven 5 year dividend CAGR. Q4 results not only saw YoY earnings growth, but pointed to growth in AUM and client inflows, which could drive future fees. The strong profit margin is worth noting, along with a lower expense ratio in Q4. Key downside risks include high valuation, and competition in the M&A space from rivals JPMorgan and Evercore. However, credit ratings are strong from all 3 major agencies. Read the full article on Seeking AlphaSeeking Alpha • Jan 26
Morgan Stanley: Valuation Reflects A Successful Transformation (Rating Downgrade)
Summary Morgan Stanley shares have surged over 50% in the past year, driven by strong Q4 earnings and a focus on recurring revenue in wealth management. The company's Q4 earnings of $2.22 exceeded estimates by $0.53, with revenue up 26% to $16.2 billion, showcasing excellent cost discipline. Despite impressive growth, the stock's current valuation suggests limited upside, leading to a downgrade from "buy" to "hold." Morgan Stanley's pivot to fee-based revenue has been successful, but future outperformance is likely limited as most gains are already priced in. Read the full article on Seeking AlphaShareholder Returns
| MS | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -3.2% | 3.0% | 1.4% |
| 1Y | 48.4% | 1.9% | 19.1% |
Return vs Industry: MS exceeded the US Capital Markets industry which returned 1.9% over the past year.
Return vs Market: MS exceeded the US Market which returned 19.1% over the past year.
Price Volatility
| MS volatility | |
|---|---|
| MS Average Weekly Movement | 3.9% |
| Capital Markets Industry Average Movement | 3.9% |
| Market Average Movement | 7.3% |
| 10% most volatile stocks in US Market | 16.7% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: MS has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: MS's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1924 | 84,000 | Ted Pick | www.morganstanley.com |
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.
Morgan Stanley Fundamentals Summary
| MS fundamental statistics | |
|---|---|
| Market cap | US$334.16b |
| Earnings (TTM) | US$17.50b |
| Revenue (TTM) | US$73.17b |
19.3x
P/E Ratio4.6x
P/S RatioIs MS overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| MS income statement (TTM) | |
|---|---|
| Revenue | US$73.17b |
| Cost of Revenue | US$9.23b |
| Gross Profit | US$63.95b |
| Other Expenses | US$46.44b |
| Earnings | US$17.50b |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
Jul 15, 2026
| Earnings per share (EPS) | 11.10 |
| Gross Margin | 87.39% |
| Net Profit Margin | 23.92% |
| Debt/Equity Ratio | 502.2% |
How did MS perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield36%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/02 04:20 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Morgan Stanley is covered by 39 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| Jason Goldberg | Barclays |
| Eoin Mullany | Berenberg |