Morgan Stanley announced its third-quarter results for the period ending September 30, 2025, with net revenues reaching $18.2 billion, up from $15.4 billion a year earlier.
According to the company, net income was $4.6 billion, or $2.80 per diluted share, compared to $3.2 billion, or $1.88 per diluted share, in the same quarter last year, an increase of 45%.
Morgan Stanley also reported a 35% increase in equities trading revenue, reaching $4.12 billion.
The firm attributed this growth to heightened activity across various business lines and regions, along with record-breaking results in its prime brokerage division serving hedge funds.
Ted Pick, Morgan Stanley Chairman and CEO, told investors, “Our Integrated Firm delivered an outstanding quarter with strong performance in each of our businesses globally. Consistent execution of our strategy led to record revenues of $18.2 billion, EPS of $2.80, and a ROTCE of 23.5%. Wealth Management reported a 30% pre-tax margin while bringing in $81 billion in net new assets. Institutional Securities results were driven by our Equity business and a rebound in Investment Banking activity. Total client assets across Wealth and Investment Management reached $8.9 trillion.”
Moving forward, Pick said, “Across our global footprint, we remain committed to generating durable growth to drive long-term value for our shareholders.”
Before today, Morgan Stanley’s shares have risen nearly 24% this year.
By CEO NA Editorial Staff
