Morgan Stanley Beats Q3 Estimates on Record Wealth Management and Equity Trading Surge

Key Facts

1Morgan Stanley reported EPS of $3.03 and revenue of $20.34 billion, exceeding analyst estimates.

2Equity trading revenue surged 41% to $5.80 billion, while Wealth Management generated record revenue of $9.07 billion.

3MS shares declined 2.75% to close at $181.51 due to weaker fixed-income trading and broader market concerns.

Morgan Stanley reported third-quarter earnings per share of $3.03 and total revenue of $20.34 billion, exceeding analyst estimates. Financial Modeling Prep reported that equity trading revenue surged 41% to $5.80 billion, while the Wealth Management segment generated record revenue of $9.07 billion.

MS shares closed at $181.51 on October 14, 2026, declining 2.75% due to an 18% sequential drop in fixed-income trading and a price target cut by Goldman Sachs from $207 to $200. In the broader banking sector, Goldman Sachs (GS) closed at $878.72, while JPMorgan Chase (JPM) closed at $335.28 on the same date.