Morgan Stanley is a major US investment bank. It advises companies on mergers and IPOs, trades securities and has a large wealth management business for private clients, which also includes the online broker E*Trade. As of Oct 11, 2026
Morgan Stanley is a global financial services firm that advises governments, institutions and individuals and raises, trades, manages and distributes capital for them. The company was founded in 1981, and its predecessors date back to 1924. Its headquarters are in and around New York City, plus offices in the United States and main offices in London, Frankfurt, Tokyo and Hong Kong, among other places. The business is divided into institutional securities, wealth management for private clients and investment management. Its clients include companies, governments, financial institutions and individuals. As a financial holding company, Morgan Stanley is supervised by the US Federal Reserve.
Automatically summarized from SEC annual report (10-K, filed Feb 19, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
No buy zone
There is currently no buy zone for this symbol under our Elliott rule. One only forms when the price pulls back after a strong rise.
An observation, not investment advice
Timeframe 1 week · As of Oct 23, 2026 · display only, the rule works on 4-hour candles
Technical view: on this timeframe there is neither a buy zone of the rule nor an Elliott count that follows the rules. We calculate the lines automatically from the completed weekly candles (recalculated every day) – for orientation, not a forecast, not a recommendation, not investment advice. Without a buy zone there is no value axis and no prices.
Timeframe 1 day · As of Oct 27, 2026 · display only, the rule works on 4-hour candles
Elliott count: Combination (W-X-Y), Corrective pattern (downward), Y in progress (3 of 3 guidelines) · X = 65% of W; Y = 155% of W
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed daily candles (recalculated every day). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 4 hours · As of Oct 27, 2026
Elliott count: Combination (W-X-Y), Corrective pattern (downward), Y in progress (3 of 3 guidelines) · X = 65% of W; Y = 156% of W
Alternative (not drawn): Flat (running), Corrective pattern (upward), C complete (2 of 3 guidelines)
Note: Structure ambiguous: leg X can also be read as three- or five-part.
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed 4-hour candles (recalculated every hour). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 1 hour · As of Oct 27, 2026 · display only, the rule works on 4-hour candles
Elliott count: Combination (W-X-Y), Corrective pattern (upward), Y in progress (3 of 3 guidelines) · X = 75% of W; Y = 93% of W
Note: Retracement at least 88.7% of A: flat possible (B in progress, type only with C).
Elliott count calculated automatically by fixed Elliott rules, not investment advice – display only, our buy zones do not use it. Provisional: The count can change with new candles.
No buy zone of the rule on this timeframe – the chart shows only the Elliott count from the completed hourly candles (recalculated every hour). Not a recommendation, not investment advice. Without a buy zone there is no reference for percentages – so no value axis and no prices; measurements are ratios of wave lengths.
Timeframe 1 week · As of Oct 23, 2026 · from the technical view in the analysis chart
Currently no wave count that follows the rules on weekly candles – so no scenarios. Technical view: Price above the 200-period average, Up trend line broken (close below it), a resistance lies above the price. Not a forecast, not investment advice.
Timeframe 1 day · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario (3 of 3 guidelines, strong) · no alternative Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the daily close stays below the end of X, this applies: complex countermove downward (Combination W-X-Y), Y in progress – count points to falling prices.
Invalid if the daily close is above the end of X
If that breaks, this count no longer applies. Currently no alternative that follows the rules.
Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.
Timeframe 4 hours · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario: ahead (3 of 3 guidelines, strong) · Alternative: behind (2 of 3, medium) Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the 4-hour close stays below the end of X, this applies: complex countermove downward (Combination W-X-Y), Y in progress – count points to falling prices.
Invalid if the 4-hour close is above the end of X
If that breaks, the second reading no longer applies either: flat countermove upward in three waves (Flat, running), C complete – then there is no valid count for now; the next candles will produce a new one.
Invalid if the 4-hour close is above the end of C
Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.
Timeframe 1 hour · As of Oct 27, 2026 · from the Elliott count in the analysis chart
Weighting Main scenario (3 of 3 guidelines, strong) · no alternative Guidelines (strength of the count)Guidelines are typical features of a count, such as usual Fibonacci lengths or a change in the form of correction. Strong means: at least three quarters met, medium: at least half, otherwise weak. Even a strong count can flip.Example: 3 of 3 guidelines → strong; 2 of 4 → medium; 1 of 3 → weak.More in the Academy: Lesson wave degrees
Weighting by guidelines met – not a probability.
As long as the hourly close stays above the end of X, this applies: complex countermove upward (Combination W-X-Y), Y in progress – count points to rising prices.
Invalid if the hourly close is below the end of X
If that breaks, this count no longer applies. Currently no alternative that follows the rules.
Watcher Fibonacci target zones and levels for this count – as a help for your own review – from Watcher.
Morgan Stanley · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 19, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
23.9% Fiscal year 2025
Rank 73 of 100: higher than 73% of 237 peers (All). strong.
Rank 44 of 100: higher than 44% of 33 peers (Sector). medium.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
15.1% Fiscal year 2025
Rank 47 of 100: higher than 47% of 218 peers (All). medium.
Rank 61 of 100: higher than 61% of 32 peers (Sector). medium.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
1.2% Fiscal year 2025 (total assets at year end)
Rank 23 of 100: higher than 23% of 238 peers (All). weak.
Rank 35 of 100: higher than 35% of 33 peers (Sector). medium.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
7.9% Fiscal year 2025
Rank 11 of 100: higher than 11% of 239 peers (All). weak.
Rank 11 of 100: higher than 11% of 33 peers (Sector). weak.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
+9.6% per year
Rank 54 of 100: higher than 54% of 230 peers (All). medium.
Rank 48 of 100: higher than 48% of 32 peers (Sector). medium.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
+7.9% per year
Rank 34 of 100: higher than 34% of 217 peers (All). medium.
Rank 29 of 100: higher than 29% of 29 peers (Sector). weak.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
+7.2% per year
Rank 53 of 100: higher than 53% of 157 peers (All). medium.
Rank 50 of 100: higher than 50% of 23 peers (Sector). medium.
Median Financials: +7.2%
Average growth per year over 10 fiscal years.
+18.4% per year
Rank 66 of 100: higher than 66% of 157 peers (All). medium.
Rank 60 of 100: higher than 60% of 24 peers (Sector). medium.
Median Financials: +17.6%
Growth of earnings per share per year, adjusted for stock splits.
+9.6% per year
Rank 39 of 100: higher than 39% of 146 peers (All). medium.
Rank 38 of 100: higher than 38% of 25 peers (Sector). medium.
Median Financials: +14.8%
Growth of earnings per share per year, adjusted for stock splits.
+13.4% per year
Rank 65 of 100: higher than 65% of 140 peers (All). medium.
Rank 73 of 100: higher than 73% of 24 peers (Sector). strong.
Median Financials: +11.5%
Growth of earnings per share per year, adjusted for stock splits.
38% Fiscal year 2025
Dividend per share divided by earnings per share.
+22.4% per year
Rank 88 of 100: higher than 88% of 118 peers (All). strong.
Rank 88 of 100: higher than 88% of 20 peers (Sector). strong.
Median Financials: +10.0%
Growth of the dividend per share per year.
3.06 at fiscal year end
Rank 6 of 100: lower than 6% of 199 peers (All). weak.
Rank 2 of 100: lower than 2% of 26 peers (Sector). weak.
Median Financials: 0.83
Long-term financial debt divided by equity.
−2.0% in 5 years
Rank 50 of 100: lower than 50% of 199 peers (All). medium.
Rank 40 of 100: lower than 40% of 24 peers (Sector). medium.
Median Financials: −6.1%
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 70.6B USD · Net income 16.9B USD · Net margin 23.9%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 23.9 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 70.6B USD | 100.0% |
| Net income | 16.9B USD | 23.9% |
| Taxes | 4.9B USD | 7.0% |
| Remaining costs & other | 48.9B USD | 69.2% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The net margin rose in 5 years from 22.8% to 23.9%.
Net marginReturn on equity rose in 5 years from 10.8% to 15.1%.
Return on equityReturn on assetsThe equity ratio fell in 5 years from 9.1% to 7.9%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The share count fell in 5 years by 2.0% (mostly through share repurchases).
Diluted share countBanks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 5 years from 1.40 USD to 3.85 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio rose in 5 years from 21.7% to 37.7%.
Payout ratio (earnings)Over 5 years, 28.1B USD went back to shareholders as dividends.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDFor banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Morgan Stanley next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| BAC Bank of America | 113.1B USD | +5.7% | – | – | 27.0% | 10.1% | 8.9% | – | – |
| PGR Progressive Corporation | 87.7B USD | +15.5% | – | – | 12.9% | 37.3% | 24.6% | – | – |
| C Citigroup | 85.2B USD | +2.8% | – | – | 16.8% | 6.7% | 8.0% | – | – |
| WFC Wells Fargo | 83.7B USD | +3.0% | – | – | 25.5% | 11.8% | 8.4% | – | – |
| MS Morgan Stanley this stock | 70.6B USD | +7.9% | – | – | 23.9% | 15.1% | 7.9% | – | – |
| CB Chubb Limited | 59.4B USD | +10.5% | – | – | 17.4% | 14.0% | 27.1% | – | – |
| GS Goldman Sachs | 58.3B USD | +5.5% | – | – | 29.5% | 13.7% | 6.9% | – | – |
| COF Capital One | 53.4B USD | +13.4% | – | – | 4.6% | 2.2% | 17.0% | – | – |
| TRV Travelers Companies (The) | 48.8B USD | +8.8% | – | – | 12.9% | 19.1% | 22.9% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
+7.9% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 7.9% per year on average, but more slowly than the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+8.9% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +9.6% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 8.9% per year on average, but more slowly than the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
23.9% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 23.87 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 22.8%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
3.29 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 3.29 USD of financial debt – more than twice as much as the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
38% Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.38 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 34%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 70.6B | 16.9B | 23.9% | 10.21 | 3.85 | 38% |
| 2024 | Dec 31, 2024 | 61.8B | 13.4B | 21.7% | 7.95 | 3.55 | 45% |
| 2023 | Dec 31, 2023 | 54.1B | 9.1B | 16.8% | 5.18 | 3.25 | 63% |
| 2022 | Dec 31, 2022 | 53.7B | 11.0B | 20.6% | 6.15 | 2.95 | 48% |
| 2021 | Dec 31, 2021 | 59.8B | 15.0B | 25.2% | 8.03 | 2.10 | 26% |
| 2020 | Dec 31, 2020 | 48.2B | 11.0B | 22.8% | 6.46 | 1.40 | 22% |
| 2019 | Dec 31, 2019 | 41.4B | 9.0B | 21.8% | 5.19 | 1.30 | 25% |
| 2018 | Dec 31, 2018 | 40.1B | 8.7B | 21.8% | 4.73 | 1.10 | 23% |
| 2017 | Dec 31, 2017 | 37.9B | 6.1B | 16.1% | 3.07 | 0.90 | 29% |
| 2016 | Dec 31, 2016 | 34.6B | 6.0B | 17.3% | 2.92 | 0.70 | 24% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 21.3B | 5.6B | 26.1% | 3.46 | 1.00 | 29% |
| Q1/26 | Mar 31, 2026 | 20.6B | 5.6B | 27.1% | 3.43 | 1.00 | 29% |
| Q4/25* | Dec 31, 2025 | 17.9B | 4.4B | 24.6% | – | 1.00 | – |
| Q3/25 | Sep 30, 2025 | 18.2B | 4.6B | 25.3% | 2.80 | 1.00 | 36% |
| Q2/25 | Jun 30, 2025 | 16.8B | 3.5B | 21.1% | 2.13 | 0.93 | 43% |
| Q1/25 | Mar 31, 2025 | 17.7B | 4.3B | 24.3% | 2.60 | 0.93 | 36% |
| Q4/24* | Dec 31, 2024 | 16.2B | 3.7B | 22.9% | – | 0.93 | – |
| Q3/24 | Sep 30, 2024 | 15.4B | 3.2B | 20.7% | 1.88 | 0.93 | 49% |
| Q2/24 | Jun 30, 2024 | 15.0B | 3.1B | 20.5% | 1.82 | 0.85 | 47% |
| Q1/24 | Mar 31, 2024 | 15.1B | 3.4B | 22.5% | 2.02 | 0.85 | 42% |
| Q4/23* | Dec 31, 2023 | 12.9B | 1.5B | 11.8% | – | 0.85 | – |
| Q3/23 | Sep 30, 2023 | 13.3B | 2.4B | 18.1% | 1.38 | 0.85 | 62% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $212.1K1 person | −$212.1K |
| 6 months | $00 people | $8.9M3 people | −$8.9M |
| 12 months | $00 people | $68.2M9 people | −$68.2M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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