Morgan Stanley (MS)
Financials · Investment Banking & Brokerage · US stock · S&P 500 component
$180.57
▼ -1.53 (0.84%)
Fair valueOvervalued
$117 −35.4% to fair value
$58fair band $70–$163$175
Day's range
$180.20 – $184.83
52-week range
$151.15 – $230.98
About Morgan Stanley
Morgan Stanley is a global financial services firm that serves corporations, governments, institutions and individual investors. It is organised around institutional securities, which covers investment banking, trading and lending; wealth management, which advises and lends to individual and business clients; and investment management, which runs funds and portfolios for institutions and individuals.
Morgan Stanley earns revenue from advisory and underwriting fees, trading, asset management and wealth management fees, and net interest income. The data sheet does not carry a revenue figure for the firm. The dividend yield is 2.3%. On the site's X-Ray Score it receives 37 out of 100.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
Price chart
52-wk range $151.15 – $230.98Volume 5,646,100Daily, split-adjusted
Vitals
Market cap$283.3B
52-week range$151.15 – $230.98
Volume (last day)5,646,100
P/E (TTM)14.2
EBIT / EV yield5.2%
Free-cash-flow yield–
Dividend yield2.3%
Revenue (TTM)–
Net income (TTM)$20.2B
Operating margin–
Return on capital6.0%
Debt incl. leases$383.2B
Cash & securities$160.1B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$117
Overvalued
−35.4% to fair value
Equal blend of three models: peer multiples, a fundamentals-adjusted multiple (growth, ROIC and margin) and a 10-year DCF scaled to the market's average. Earnings-power value (no growth) is a floor and not part of the blend. Model uncertainty is High, so the safety margin is 40%.
Price $181
Undervalued < $70Fair $70 – $163Overvalued > $163
Excess-return (bank)
$89
A model estimate, not a price target or recommendation. Inputs: risk-free 5.09%, equity risk premium 4.23% (Damodaran). How it works.
What this means
Weak business, priced high
Our models put fair value below today's price, so a lot of good news may already be in the price. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Valuation
Weak
25/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield5.2%
Fair value vs price0.6×
Growth
Strong
72/100
Growing faster than most of its sector.
See the numbers →
EPS growth (3y)18.4%
Profitability
Weak
12/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital6.0%
Financial health
Weak
37/100
Balance sheet is more stretched than most peers.
See the numbers →
Net debt / EBITDA7.3×
Interest coverNo interest cost
Dividends
Fair
64/100
Dividend is typical for its sector.
See the numbers →
Dividend yield2.3%
Dividend growth6.9%
Quarterly results: last 6 quarters
–
Mar '25
–
Jun '25
–
Sep '25
–
Dec '25
–
Mar '26
–
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue –, diluted EPS $3.46.
Compare with peers
SCHW Schwab Charles Corp59 IBKR Interactive Brokers Gr...52 GS Goldman Sachs Group In...48 RJF Raymond James Financia...48Other Investment Banking & Brokerage companies by X-Ray Score.
Fundamentals checklist
● 2 Good · ● 0 Average · ● 5 BadCash quality
Earnings backed by cashBad
Risk models
Growth
EPS growth (3y)Good
Balance sheet
Net debt / EBITDABad
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Each check is graded against the company's sector, not a fixed number. Checklist score 33/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | – | – | – | – | – |
| Operating income | $21.0B | $26.4B | $53.9B | $17.6B | $22.0B |
| Net income | $15.0B | $11.0B | $9.1B | $13.4B | $16.9B |
| Operating cash flow | $34.0B | −$6.4B | −$33.5B | $1.4B | −$17.9B |
| Operating margin | – | – | – | – | – |
| Free cash flow | – | – | – | – | – |
| Diluted EPS | $8.03 | $6.15 | $5.18 | $7.95 | $10.21 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bearish
2 bullish · 2 neutral · 12 bearish
Weekly
Bearish
4 bullish · 1 neutral · 7 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 186.9 | Bearish |
| EMA 10 | 186.2 | Bearish |
| SMA 20 | 191.0 | Bearish |
| EMA 20 | 191.0 | Bearish |
| SMA 50 | 204.3 | Bearish |
| EMA 50 | 199.6 | Bearish |
| SMA 100 | 209.4 | Bearish |
| EMA 100 | 201.0 | Bearish |
| SMA 200 | 193.1 | Bearish |
| EMA 200 | 192.2 | Bearish |
Oscillators (daily)
| RSI (14) | 25.42 | Bullish |
| MACD (12, 26) | -6.23 | Bearish |
| Momentum (12) | -3.99 | Bearish |
| Stochastic %K (14) | 23.06 | Neutral |
| Williams %R (14) | -76.94 | Neutral |
| CCI (20) | -123.0 | Bullish |
Pivot points (classic, last session)
S3 174.3 | S2 177.2 | S1 178.9 | Pivot 181.9 | R1 183.5 | R2 186.5 | R3 188.2 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
4.15 USD
Yield on today's price
2.30%
Frequency
Quarterly
Next ex-dividend date
30 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| 30 Oct 2026 (upcoming) | 1.1500 |
| 31 Jul 2026 | 1.1500 |
| 30 Apr 2026 | 1.0000 |
| 30 Jan 2026 | 1.0000 |
| 31 Oct 2025 | 1.0000 |
| 31 Jul 2025 | 1.0000 |
| 30 Apr 2025 | 0.9250 |
| 31 Jan 2025 | 0.9250 |
| 31 Oct 2024 | 0.9250 |
| 31 Jul 2024 | 0.9250 |
| 29 Apr 2024 | 0.8500 |
| 30 Jan 2024 | 0.8500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
MS SEC filings
14 Oct 2026
8-KSEC EDGAR
Results of operations
4 Aug 2026
10-QSEC EDGAR
Quarterly report
15 Jul 2026
8-KSEC EDGAR
Results of operations
24 Jun 2026
8-KSEC EDGAR
Other events
15 May 2026
8-KSEC EDGAR
Shareholder vote results
5 May 2026
10-QSEC EDGAR
Quarterly report
15 Apr 2026
8-KSEC EDGAR
Results of operations
2 Apr 2026
DEF 14ASEC EDGAR
Proxy statement
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.