MS

MORGAN STANLEY

Ticker: MSFinancialsBanks & BrokersS&P 500
HQ NEW YORK, NYCIK 895421FY end 12-31Book / share $73.95Shares 1573M
Revenue (FY)
$70.64B+14.38%
TTM $78.04B
Op. margin
31.57%+2.65%
TTM 33.78%
Net income
$17.02B+25.84%
TTM $20.37B
Operating cash
$-17.89B-1413.44%
TTM $-15.59B
Free cash flow
$-20.79B-889.86%
TTM $-18.58B
Return on equity
15.10%+2.29%
TTM 17.33%
Debt / equity
6.85+0.49%
TTM 3.37
Shares outstanding
1.6B-1.18%
TTM 1.6B

The business

Morgan Stanley (NYSE: MS) is a global financial services firm that advises, originates, trades, manages and distributes capital for governments, institutions and individuals worldwide. The company operates through three primary business segments: Institutional Securities, Wealth Management, and Investment Management.

The Institutional Securities segment provides capital markets services including underwriting, sales, trading and market-making activities across equities, fixed income, currencies and commodities. Wealth Management serves high-net-worth and ultra-high-net-worth clients through a combination of advisor-led, workplace and digital direct channels, primarily in the United States. Investment Management offers a broad range of investment products and services including alternative investments, mutual funds and other asset management solutions to institutional and individual clients globally.

As of December 31, 2025, Morgan Stanley employed approximately 83,000 people across 42 countries. The firm maintains principal offices in New York City, London, Frankfurt, Tokyo, Hong Kong and other major financial centers worldwide. The company operates as a financial holding company regulated by the Federal Reserve and is classified as a U.S. global systemically important bank.

Morgan Stanley's predecessor companies date back to 1924, with the current entity incorporated in Delaware in 1981. The firm has grown through strategic acquisitions and organic expansion, including the integration of E*TRADE Financial Corporation in 2020, which strengthened its digital wealth management capabilities.

The company's business model centers on leveraging its integrated platform to serve diverse client bases across multiple asset classes and geographies. Morgan Stanley maintains significant competitive advantages through its established market positions, brand reputation, technology infrastructure, and access to capital markets. The firm is subject to extensive regulation by U.S. federal and state agencies and international regulators in jurisdictions where it operates.

More information is available at www.morganstanley.com.

Sector
Financials
Industry
Banks & Brokers
HQ
NEW YORK, NY
FY end
12-31
CIK
895421
SIC
6211
Financial performance · annual
20132025
$-7.80B$15.61B$39.02B$62.43B$85.85B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds MORGAN STANLEY — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.2K
funds hold it
0 of 35
superinvestors hold it
$73.35B
fund-held value
22.8%
of shares held by funds
234
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.34%$7.85B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.39%$6.49B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.39%$3.45B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.38%$3.20B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.39%$3.04B

Bonds held by funds

Funds report holding 234 issues of MORGAN STANLEY's debt. Weighted-average coupon 4.52%.

IssueCouponMaturesFundsFund-held
Morgan Stanley5.073%2037-01-30216$1.32B
Morgan Stanley4.809%2032-04-16218$1.27B
MORGAN STANLEY SR UNSEC 5.296% 04-10-37/365.296%Variable2037-04-10221$1.19B
Morgan Stanley4.708%2032-03-12255$1.15B
Morgan Stanley Private Bank NA4.465%2031-11-19135$1.10B
Morgan Stanley4.555%2030-04-10146$1.04B
Morgan Stanley2.699%Variable2031-01-22149$1.01B
MORGAN STANLEY5.250%Variable2034-04-21143$996.23M
MS V4.493 01/16/324.493%2032-01-16209$954.97M
Morgan Stanley, Series I4.356%Variable2031-10-22152$940.69M

The 10 largest by fund-held value, of 234.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

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