Morgan Stanley reports higher third-quarter revenue and earnings

Morgan Stanley reported third-quarter 2026 net revenue of $20.3 billion and diluted EPS of $3.03 for the period ended September 30, up from $18.2 billion and $2.80 a year earlier. Institutional Securities revenue rose 18% to $10.0 billion, while Wealth Management revenue increased 10% to a record $9.1 billion and generated $232.4 billion in net new assets; Investment Management revenue fell 12% to $1.5 billion. The company repurchased $1.5 billion of stock and declared a $1.15 quarterly dividend payable November 13 to shareholders of record October 30.