Morgan Stanley (MS) valuation, revenue & earnings

P/E and P/S history, revenue and growth, ROIC vs. cost of capital, segments, earnings and analyst forecasts

At a glance

Market capitalisation$308B

Moat ratingNarrow moat

ValuationFair

Revenue, and where it comes from$70.6bn net revenues in 2025: Institutional Securities $33.1bn, Wealth Management $31.8bn, Investment Management $6.5bn (before $0.7bn eliminations)

Recent years are exact, taken from company filings; the earliest years are approximate. Forecast figures are Wall Street consensus, not company guidance. Read the full Morgan Stanley moat analysis →