AI English summary of an SEC filing — figures as filed
Morgan Stanley MSMorgan Stanley reported net revenues of $18.2 billion for Q3 ended September 30, 2025 compared with $15.4 billion a year ago, and net income applicable to Morgan Stanley of $4.6 billion, or $2.80 per diluted share, compared with $1.88 a year ago.
Key points
AI summaryMorgan Stanley reported net revenues of $18.2 billion for Q3 ended September 30, 2025 compared with $15.4 billion a year ago, and net income applicable to Morgan Stanley of $4.6 billion, or $2.80 per diluted share, compared with $1.88 a year ago.
The company disclosed that for Q3, Institutional Securities net revenues were $8,523 million, Wealth Management net revenues were $8,234 million, and Investment Management net revenues were $1,651 million.
Morgan Stanley said compensation expense for Q3 was $7,442 million, non-compensation expenses were $4,754 million, and the expense efficiency ratio was 67% compared with 72% a year ago.
The company repurchased $1.1 billion of common stock during Q3, declared a quarterly dividend of $1.00 per share, and said its Standardized CET1 capital ratio was 15.2%. The Federal Reserve announced it had reduced the Stress Capital Buffer to 4.3% from 5.1%.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Q3 Net Revenues $18.2 billion, Diluted Earnings Per Share $2.80
Morgan Stanley reported net revenues of $18.2 billion for Q3 ended September 30, 2025 compared with $15.4 billion a year ago, and net income applicable to Morgan Stanley of $4.6 billion, or $2.80 per diluted share, compared with $1.88 a year ago.
Source · Based on the filing body and exhibits
Q3 Segment Net Revenues: Institutional Securities, Wealth Management and Investment Management
The company disclosed that for Q3, Institutional Securities net revenues were $8,523 million, Wealth Management net revenues were $8,234 million, and Investment Management net revenues were $1,651 million.
Source · Based on the filing body and exhibits
Q3 Compensation Expense, Non-Compensation Expenses and Expense Efficiency Ratio
Morgan Stanley said compensation expense for Q3 was $7,442 million, non-compensation expenses were $4,754 million, and the expense efficiency ratio was 67% compared with 72% a year ago.
Source · Based on the filing body and exhibits
Shareholder Returns and CET1 Capital Ratio, Stress Capital Buffer
The company repurchased $1.1 billion of common stock during Q3, declared a quarterly dividend of $1.00 per share, and said its Standardized CET1 capital ratio was 15.2%. The Federal Reserve announced it had reduced the Stress Capital Buffer to 4.3% from 5.1%.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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