Morgan Stanley Q4 Earnings Call Highlights

2 hours ago 2

MarketBeat

Thu, January 15, 2026 astatine 9:27 AM CST 7 min read

Morgan Stanley logo

Record full-year results: Morgan Stanley reported $70.6 cardinal successful gross for 2025, EPS of $10.21 and a ROTCE of 21.6%, with Q4 gross of $17.9 cardinal and an improved ratio ratio of 68.4%.
Wealth absorption was a cardinal driver, delivering $356 billion of nett caller assets and $160 cardinal of fee-based flows successful 2025, with grounds margins (29% FY, 31.4% successful Q4), deposits of $408 cardinal and NII of $2.1 cardinal that absorption expects to inclination higher.
Institutional Securities posted grounds revenues of $33.1 billion—led by a betterment successful concern banking (yearly IB gross $7.6 billion; Q4 IB +47%) and beardown equities performance—while the steadfast returned superior with $4.6 cardinal of buybacks, a raised dividend to $1, and a CET1 ratio of 15% with implicit 300 bps of excess capital.
Interested successful Morgan Stanley? Here are 5 stocks we similar better.

This ETF Caught a Major Tailwind After the Fed’s Rate Cut

Morgan Stanley (NYSE:MS) executives emphasized “durable performance” and subject connected the company’s 4th fourth and full-year 2025 net call, pointing to grounds revenue, beardown returns, continued stock gains successful Institutional Securities, and accelerating plus maturation successful wealthiness management. Management besides underscored a cautious posture toward the macro and geopolitical backdrop, adjacent arsenic it highlighted constructive early-2026 tailwinds from fiscal and monetary policy.

Chairman and CEO Ted Pick said the firm’s results implicit the past 8 quarters supply a “blueprint” for Morgan Stanley’s model, which helium described arsenic operating “on a higher plane” done the cycle. For 2025, the steadfast reported $9.3 trillion successful full lawsuit assets, net per stock of $10.21, and a instrumentality connected tangible communal equity (ROTCE) of 21.6%.

→ Inside D-Wave’s Major Acquisition—What Changes for Investors

3 Finance Stocks to Buy connected Rising 10-Year Treasury Rates

Chief Financial Officer Sharon Yeshaya said 2025 produced grounds revenues of $70.6 billion, with 4th fourth gross of $17.9 billion. She reported 4th fourth ROTCE of 21.8% and EPS of $2.68. The firm’s full-year ratio ratio improved to 68.4%, which Yeshaya described arsenic reflecting disciplined execution portion continuing to put for maturation and prosecute productivity initiatives.

Management pointed to wealthiness absorption arsenic a cardinal operator of the firm’s standard strategy, supported by its fiscal advisor channel, Workplace, and E*TRADE. Pick said wealthiness posted much than $350 cardinal of nett caller assets successful 2025, and the steadfast highlighted a five-year way grounds of much than $1.6 trillion successful nett caller assets with a doubling of fee-based flows.