MORGAN STANLEY (MS) Company Report

The firm posted 2025 net income of $16.9 Bn, common equity of $101.9 Bn and a CET1 ratio of 15.0%
Liquidity remained robust with a LCR of 134% and average HQLA of $295 Bn in 2025
Core funding grew, with deposits at $416 Bn, borrowings of $349 Bn and secured funding of $117 Bn as of 2025
Unsecured debt issuance was $136 Bn against maturities of $90 Bn, supporting an External TLAC ratio of 51.4% of RWA as of 4Q25
Lending assets totaled $498 Bn in loans and commitments, with nonaccrual loans of 0.4% and net charge-offs of 0.08% in 2025

4 days ago

Presentation

Morgan Stanley starts coverage of GE Aerospace with Overweight rating

Dividends

Morgan Stanley initiated coverage on GE Aerospace with an Overweight/Buy-equivalent rating and set a $425 price target, implying a 32–35% upside from current levels.
GE Aerospace declared a $0.47 quarterly cash dividend per share, with shareholders of record on March 9 and payment on April 27.
The firm highlighted GE’s durable services and aftermarket revenue underpinned by its ~70,000 installed engine base (25,000 military; 45,000 commercial) as a key growth driver.
Morgan Stanley’s model forecasts 2027–2030 results 8–14% above consensus, projecting 2028–2030 free cash flow about 12.5% ahead of consensus estimates.

8 days ago

CNBC

Moncler Sales Rise; CEO Succession Set April 1

Earnings

CEO Change

Board Change

Q4 2025 revenues were about €1.29–1.30 billion, up 7% y/y, and full-year consolidated revenues rose 3% to €3.13 billion, beating consensus.
By brand, Moncler sales reached €2.7 billion (+3%) and Stone Island sales were €401.6 million (+4%).
Full-year net income was €626.7 million (down from €639.6 million); EBIT was €913.4 million with a 29.2% margin.
Net cash position stood at about €1.5 billion amid resilient trading into 2026.
Founder Remo Ruffini will become executive chairman (retaining creative leadership); Leo Rongone assumes CEO on April 1; Roberto Eggs steps down March 1 but stays on the board.

Feb 19, 2026, 5:31 PM

WSJ

Morgan Stanley Wealth Management cuts EquityZen fees

M&A

In January 2026, Morgan Stanley acquired private‐shares platform EquityZen and has now lowered transaction fees from 5% to 2.5% for both buy- and sell-side trades, effective immediately.
The firm retains the industry-lowest minimum investment requirement of $5,000, aiming to broaden access to private markets through its combined scale and technology.
This fee reduction applies to standard transactions and EquityZen’s “Express Deals,” enhancing liquidity options for existing fund investors.

Feb 19, 2026, 2:30 PM

Press Release

Morgan Stanley’s Parametric launches Radius platform to drive asset growth

Product Launch

Parametric’s proprietary Radius platform, launched in January 2025, delivered over 19% asset and account growth in its first year while enhancing tax efficiency for clients.
Radius integrates multi-asset capabilities with cloud-native scale, performing advanced daily data analysis across hundreds of thousands of portfolios and supporting higher trading volumes for systematic loss harvesting.
The platform streamlines operations with simplified onboarding, dynamic automation of manual workflows, and enhanced reporting tools, including pre-tax and after-tax return illustrations.
Radius offers a streamlined data architecture for tailored multi-asset solutions and is positioned to further expand in fixed-income tax optimization and equity direct indexing.

Feb 18, 2026, 2:15 PM

Press Release

Figure Technology Solutions announces pricing and upsizing of Class A common stock offering

Offering upsized to 4,375,000 shares of Series A Blockchain Common Stock at $32.00 per share, a 145,000-share increase from the initial size.
Share repurchase of 312,500 Class A shares for approximately $10 million, to be funded with cash on hand and closing concurrently with the offering.
Total secondary sale raised to 4,687,500 shares for selling shareholders, a 457,500-share increase over the original plan.
Underwriters: Goldman Sachs & Co. LLC, Morgan Stanley and Cantor Fitzgerald are the lead joint book-running managers.

Feb 18, 2026, 11:38 AM

Press Release

Morgan Stanley completes sale of Spring Arbor Senior Living portfolio

M&A

Morgan Stanley Real Estate Investing sold the final 11 Spring Arbor senior living communities in Maryland and Virginia to an S&P 500 senior housing company for $296 million.
The portfolio comprises 795 assisted living and memory care units, with occupancy rates surpassing 90%.
MSREI initially acquired 25 communities between 2022 and 2023, and this transaction marks its full exit from the Spring Arbor collection.
Funds managed by MSREI now hold interests in approximately 11 senior living communities totaling nearly 2,000 units across the U.S..

Feb 17, 2026, 2:02 PM

Press Release

Figure Technology Solutions launches secondary offering of common stock

Figure Technology Solutions (Nasdaq: FIGR) announced a proposed secondary public offering of up to 4,230,000 shares of its Series A Blockchain Common Stock.
Goldman Sachs & Co. LLC, Morgan Stanley and Cantor Fitzgerald will act as lead joint book-running managers and sales agents for the offering.
The company intends to repurchase up to $30 million of its Class A common stock from the selling stockholders, funded with cash on hand.
The offering is subject to SEC registration effectiveness; no sales or offers will be made prior to that time.

Feb 13, 2026, 3:26 PM

Press Release

Morgan Stanley announces 2025 CEO compensation following record financial performance

Executive Compensation

Earnings

Dividends

The Compensation Committee set Edward Pick’s total compensation at $45 million for 2025, with 75% of his bonus deferred over three years and 100% delivered as performance-vested equity awards.
The Firm reported record net revenues of $70.6 billion (up ~14% YoY), net income of $16.9 billion, and earnings per share of $10.21 for 2025.
Additional metrics include pre-tax profit of $22.0 billion (up ~25% YoY), full-year ROTCE of 21.6%, an efficiency ratio of 68%, and a CET1 capital ratio of 15.0% as of December 31, 2025.
The Firm ended the year with over 300 bps of excess capital, increased its quarterly dividend to $1.00 (totaling $6.1 billion in dividends paid), achieved a $282 billion market capitalization, and delivered 45% total shareholder return.

Feb 11, 2026, 9:19 PM

8-K

Morgan Stanley outlines wealth management AI and growth strategy at UBS conference

Product Launch

New Projects/Investments

Morgan Stanley’s Wealth Management has developed 3,500+ AI-driven tools—including a Roth Conversion Analyst and three agent categories (branch operations, client-facing, portfolio “super agent”)—to automate routine tasks and boost advisor productivity.
Wealth Management’s client assets rose from $9.3 trn to near $10 trn, delivering a 29% full-year pre-tax margin and >30% in H2, under a growth-led investment strategy designed for consistent, cycle-resilient performance.
Secular trends—$45 trn in new wealth creation over 10 years, $20 trn of intergenerational transfer, institutionalization of advice, digitization, and integrated-firm synergies—are projected to drive sustained share gains.
Multi-channel funnels (Workplace/E*TRADE) delivered ~$100 bn of advisor-led flows in 2025 vs. ~$60 bn (2020–24 avg), powered by advanced predictive models, advisor–client matching, and enhanced branding.
Product innovations include launching the first retail OCIO for clients with $25 mn+, expanding the alternatives platform ($280 bn AUM, $40 bn annual inflows), and enhanced tax planning tools.