Morgan Stanley posts record second-quarter results on a trading surge; earnings of $3.46 a share

Investment bank Morgan Stanley released its second-quarter 2026 results on Wednesday, July 15, 2026. Net revenue reached $21.3 billion, up from $16.8 billion a year earlier, and net income was $5.6 billion, or $3.46 per diluted share, compared with $3.5 billion and $2.13 a year ago. The figures beat analyst estimates of about $2.89 per share.

The main growth driver was trading revenue, which jumped 69% to $6.3 billion. Wealth Management posted record net revenue of $8.86 billion, up 14%, added a record $148 billion in net new assets, and total client assets crossed the $10 trillion mark.