The Investor
15 Oct 2025, 15:46
Morgan Stanley reported strong third-quarter 2025 results, posting net revenues of $18.2 billion, up from $15.4 billion a year earlier, and earnings per share of $2.80. Net income rose to $4.6 billion, delivering a return on tangible common equity (ROTCE) of 23.5%, reflecting strength across all business divisions.
CEO Ted Pick highlighted “record revenues” and “consistent execution” across the firm’s integrated businesses. Wealth Management generated record revenue of $8.2 billion with $81 billion in net new assets, while Institutional Securities revenue surged to $8.5 billion, supported by a rebound in investment banking and strong equity trading. Investment Management also grew, with revenue reaching $1.7 billion and long-term net inflows of $16.5 billion.
CEO Ted Pick highlighted “record revenues” and “consistent execution” across the firm’s integrated businesses. Wealth Management generated record revenue of $8.2 billion with $81 billion in net new assets, while Institutional Securities revenue surged to $8.5 billion, supported by a rebound in investment banking and strong equity trading. Investment Management also grew, with revenue reaching $1.7 billion and long-term net inflows of $16.5 billion.