Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. The firm cut its teeth in investment banking and institutional trading, where it maintains a strong presence today, but generates the lion share of its income from wealth and asset management franchises, where it boasted $9.3 trillion in client assets at the end of its most recent fiscal year. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise by deposits, with more than $400 billion in customer deposits, predominately attributable to cash sweeps from its wealth management and brokerage businesses.
Citigroup Inc.
Wells Fargo & Co.
Goldman Sachs Group Inc.
JPMorgan Chase & Co.
Bank of America Corporation
Tesla, Inc. Common Stock
The Charles Schwab Corporation
U.S. Bancorp
UBS Group AG
UNITEDHEALTH GROUP INCORPORATED (Delaware)
The chart shows the growth of an initial investment of $10,000 in Morgan Stanley, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Morgan Stanley (MS) has returned -7.12% so far this year and 72.23% over the past 12 months. Looking at the last ten years, MS has achieved an annualized return of 20.59%, outperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Morgan Stanley (MS) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.40% | -8.82% | 1.19% | -1.84% | ||||||||
| 2025 | 9.42% | -1.99% | -12.50% | -0.49% | 10.81% | 10.50% | 1.36% | 8.05% | 7.00% | 3.88% | 3.26% | 5.04% |
| 2024 | -5.85% | -1.32% | 9.21% | -3.53% | 7.19% | -0.99% | 5.83% | -0.13% | 1.35% | 11.59% | 12.81% | -4.97% |
| 2023 | 13.66% | -0.46% | -8.50% | 2.30% | -9.35% | 3.41% | 6.05% | -6.63% | -5.03% | -12.68% | 11.48% | 17.92% |
| 2022 | 3.23% | -11.87% | -2.89% | -8.57% | 6.89% | -12.01% | 11.27% | 1.86% | -6.68% | 2.65% | 11.80% | -8.64% |
| 2021 | -3.22% | 13.24% | -0.50% | 6.00% | 9.43% | -0.76% | 4.42% | 7.97% | -6.92% | 4.95% | -8.73% | 1.22% |
| 2020 | 2.07% | -14.46% | -24.63% | 24.46% | 15.25% | 8.49% | 0.97% | 6.18% | -6.88% | -1.23% | 26.51% | 8.57% |
| 2019 | 8.41% | -0.76% | -0.35% | 12.79% | -15.58% | 7.61% | -0.07% | -6.60% | 3.97% | 8.33% | 6.36% | 3.11% |
| 2018 | 7.18% | -0.85% | -3.45% | -4.11% | -2.43% | -6.93% | 7.67% | -4.14% | -4.69% | -2.69% | -3.12% | -12.03% |
| 2017 | -1.39% | 5.47% | -8.75% | 1.31% | -4.62% | 6.15% | 4.22% | -3.70% | 5.66% | 3.93% | 2.77% | 1.14% |
| 2016 | 8.72% | 1.00% | -4.17% | 11.49% | 11.17% | -0.25% | 4.84% | 22.80% | 1.17% |
The charts below present risk-adjusted performance metrics for Morgan Stanley (MS) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of MS compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Morgan Stanley volatility is 1.76%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 1.42T | 1.22T | 1.19T | 1.18T | 1.19T | 1.12T | 895.43B | 853.53B | 851.73B | 814.95B | 787.47B | 801.51B | 832.70B | 780.96B | 749.90B | 771.46B |
| Temporary Equity (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.31B | - | - |
| Equity Attributable To Parent (USD) | 111.63B | 104.51B | 99.04B | 100.14B | 105.44B | 101.78B | 81.55B | 80.25B | 77.39B | 76.05B | 75.18B | 70.90B | 65.92B | 62.11B | 62.05B | 46.69B |
| Equity Attributable To Noncontrolling Interest (USD) | 1.02B | 917.00M | 944.00M | 1.09B | 1.16B | 1.37B | 1.15B | 1.16B | 1.08B | 1.13B | 1.00B | 1.20B | 3.11B | 3.32B | 8.03B | 6.09B |
| Equity (USD) | 112.65B | 105.43B | 99.98B | 101.23B | 106.60B | 103.15B | 82.70B | 81.41B | 78.47B | 77.18B | 76.18B | 72.10B | 69.03B | 65.43B | 70.08B | 52.78B |
| Redeemable Noncontrolling Interest (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.31B | - | - |
| Long-term Debt (USD) | 341.68B | 284.31B | 260.54B | 233.87B | 227.36B | 213.39B | 190.06B | 188.12B | 191.06B | 164.78B | 153.77B | 152.77B | 153.58B | 169.57B | 184.23B | 193.37B |
| Noncurrent Liabilities (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities (USD) | 1.31T | 1.11T | 1.09T | 1.08T | 1.08T | 1.01T | 812.73B | 772.13B | 773.27B | 737.77B | 711.28B | 729.41B | 763.67B | 711.22B | 679.82B | 718.68B |
| Liabilities (USD) | 1.31T | 1.11T | 1.09T | 1.08T | 1.08T | 1.01T | 812.73B | 772.13B | 773.27B | 737.77B | 711.28B | 729.41B | 763.67B | 711.22B | 679.82B | 718.68B |
| Intangible Assets (USD) | 6.01B | 6.45B | 7.06B | 7.62B | 8.36B | 4.98B | 2.11B | 2.16B | 2.45B | 2.72B | 2.98B | 3.16B | 3.29B | 3.78B | 4.29B | 5.05B |
| Fixed Assets (USD) | - | - | - | - | - | - | - | - | - | - | 6.37B | 6.11B | 6.02B | 5.95B | 6.46B | 7.07B |
| Noncurrent Assets (USD) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Current Assets (USD) | 1.42T | 1.22T | 1.19T | 1.18T | 1.19T | 1.12T | 895.43B | 853.53B | 851.73B | 814.95B | 787.47B | 801.51B | 832.70B | 780.96B | 749.90B | 771.46B |
| Assets (USD) | 1.42T | 1.22T | 1.19T | 1.18T | 1.19T | 1.12T | 895.43B | 853.53B | 851.73B | 814.95B | 787.47B | 801.51B | 832.70B | 780.96B | 749.90B | 771.46B |
Elon Musk has reportedly mandated that banks and advisors involved in SpaceX's upcoming IPO purchase subscriptions to the AI chatbot Grok as a condition for participating in the deal. SpaceX is targeting a $75 billion raise at over $2 trillion valuation, potentially making it the largest IPO in history. Major banks including Morgan Stanley, Goldman Sachs, JPMorgan Chase, Bank of America, and Citigroup are serving as bookrunners.
SpaceX has confidentially filed for an IPO that could raise $40-80 billion, potentially becoming the largest IPO ever. The company would be valued at $1.75 trillion, with prediction markets giving a 51% chance it finishes first trading day valued between $1.5-2 trillion. The offering includes SpaceX's profitable Starlink division alongside the cash-burning xAI subsidiary. Major investment banks including BofA, Goldman Sachs, JPMorgan, Citigroup, and Morgan Stanley are leading the deal, with a potential July listing.
CNBC's Jim Cramer characterized Tuesday's market rally as a preview of potential shifts if the U.S.-Iran war concludes. He predicts three major changes: falling Treasury rates, a revival in growth stocks, and a rally in big bank stocks. The S&P 500 and Nasdaq rose 2.91% and 3.83% respectively following de-escalation signals, with oil prices falling sharply. However, JPMorgan CEO Jamie Dimon warned that markets will remain volatile until the conflict fully ends.
Iranian Foreign Minister Seyed Abbas Araghchi has accused U.S. Secretary of War Pete Hegseth of profiting from military conflict, citing reports that Hegseth's wealth manager attempted to invest millions in a defense industry ETF in February while military operations against Iran were ongoing. The accusation frames the conflict as a 'war of choice' driven by financial motives. The Pentagon dismissed the allegations as false, while Iran indicated it may raise these claims in international forums.
Shell plc announced the purchase of approximately 1.34 million shares for cancellation on 31 March 2026 across multiple trading venues (LSE, Chi-X, BATS, and Euronext exchanges). The shares were purchased at prices ranging from 35.24 GBP to 41.33 EUR per share. These purchases are part of Shell's existing share buyback programme authorized through 1 May 2026, with Morgan Stanley & Co. International Plc managing trading decisions independently.
The Pentagon has denied allegations that Secretary of Defense Pete Hegseth's broker attempted to invest millions in defense stocks weeks before the U.S. launched military operations against Iran. Pentagon spokesman Sean Parnell called the Financial Times report 'entirely false and fabricated,' stating neither Hegseth nor his representatives approached BlackRock about such an investment. The alleged transaction involved the iShares Defense Industrials Active ETF and was reportedly flagged internally by BlackRock but did not proceed.
Avis Budget Group announced plans to issue up to 5 million new shares through an at-the-market offering to raise capital for general corporate purposes. The announcement triggered a nearly 9% stock decline on Monday as investors worried about shareholder dilution. With current outstanding shares at 35 million, the new issuance represents a meaningful increase in share count.
SpaceX is preparing for an IPO targeting a $1.75 trillion valuation and aiming to raise up to $75 billion, with plans to allocate up to 30% of shares to retail investors. E*Trade is reportedly leading the retail distribution effort, competing with Robinhood and SoFi. Analyst Gary Black warned investors to be skeptical of overly positive analyst coverage and cautioned that a potential Tesla-SpaceX merger could reduce Tesla's stock by 20-25% due to conglomerate discount concerns.
Shell plc announced share repurchases on 26 March 2026 across multiple trading venues, purchasing approximately 1.19 million shares in GBP and 577,893 shares in EUR for cancellation. The purchases are part of an on- and off-market share buyback programme announced on 5 February 2026, with Morgan Stanley & Co. International Plc managing trading decisions independently until 1 May 2026.
The Financials sector (XLF) has declined 10% YTD but shows signs of stabilization with recent price action improvements. Major banks have held relatively flat month-to-date, regional banks (KRE) are rebounding 6% off March lows, and private credit stocks like KKR and APO are performing well. However, long-term technical indicators remain bearish with a death cross and significant overhead supply, though Q1 earnings starting in mid-April could serve as a catalyst for further movement.