Morgan Stanley MS Q4 2025 earnings

Morgan Stanley MS Q4 2025 earnings

CNBC business

Key Points:

  • Morgan Stanley reported fourth-quarter earnings per share of $2.68 and revenue of $17.89 billion, surpassing Wall Street expectations of $2.44 per share and $17.77 billion in revenue.
  • Net income rose to $4.40 billion in Q4 from $3.71 billion a year ago, with revenue increasing from $16.22 billion to $17.89 billion.
  • The wealth management division generated $8.4 billion in net revenue for the quarter, up from $7.5 billion a year earlier, and a record $31.8 billion for the full year, with total client assets reaching $9.3 trillion.
  • Investment banking revenue surged 47% to $2