Story perspectives

Morgan Stanley Q2 Revenue Jumps 27%, Adds $148B Assets

7/15/2026

Summary

Morgan Stanley Surges

Morgan Stanley reported Q2 2026 revenue of $21.3 billion, a 27% increase from the prior period.
Diluted earnings per share were $3.46, surpassing the $2.93 estimate.
The firm added $148.1 billion in net new wealth-management assets and authorized a $20 billion share-repurchase program.
Morgan Stanley advised on the $17.6 billion Caesars acquisition and on transactions involving SpaceX, Cerebras and Alphabet.

Summary

Morgan Stanley Banks SpaceX

Morgan Stanley earned a $500 million fee, about 0.67% of SpaceX’s $75 billion IPO.
Morgan Stanley and Goldman Sachs each received roughly $100 million of the SpaceX fee as lead underwriters.
More than half of the $148 billion net new wealth-management assets added in Q2 were tied to technology IPOs.
CFO Sharon Yeshaya said the bank’s pipeline covers about 70% of the top-100 unicorns while it focuses on early-stage companies to build longer relationships.

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Morgan Stanley Surges

Morgan Stanley reported Q2 2026 revenue of $21.3 billion, a 27% increase from the prior period.
Diluted earnings per share were $3.46, surpassing the $2.93 estimate.
The firm added $148.1 billion in net new wealth-management assets and authorized a $20 billion share-repurchase program.
Morgan Stanley advised on the $17.6 billion Caesars acquisition and on transactions involving SpaceX, Cerebras and Alphabet.

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