摩根士丹利 Morgan Stanley (MS) 2026年第一季度业绩报告「NYSE」（英文版）（9页）.pdf

1、Morgan Stanley First Quarter 2026 Earnings Results Morgan Stanley Reports Net Revenues of$20.6 Billion,EPS of$3.43 and ROTCE of 27.1%NEW YORK,April 15,2026 Morgan Stanley(NYSE:MS)today reported net revenues of$20.6 billion for the first quarter ended March 31,2026 compared with$17.7 billion a year a

2、go.Net income applicable to Morgan Stanley was$5.6 billion,or$3.43 per diluted share,compared with$4.3 billion,or$2.60 per diluted share,for the same period a year ago.1 Ted Pick,Chairman and Chief Executive Officer,said,“Morgan Stanley reported a record quarter.Strong execution resulted in net reve

3、nues of$20.6 billion,EPS of$3.43 and a ROTCE of 27.1%.Institutional Securities benefited from robust client engagement and strength globally.Wealth Management demonstrated continued momentum,with net new assets of$118 billion and fee-based asset flows of$54 billion.These results affirm the capabilit

4、ies of our Integrated Firm as we deliver a higher plane of operating performance.”Financial Summary2,3Firm($millions,except per share data)1Q 20261Q 2025Net revenues$20,580$17,739Provision for credit losses$98$135Compensation expense$8,542$7,521Non-compensation expenses$4,929$4,539Pre-tax income7$7,

5、011$5,544Net income app.to MS$5,567$4,315Expense efficiency ratio9 65%68%Earnings per diluted share1$3.43$2.60Book value per share$66.18$60.41Tangible book value per share5$51.58$46.08Return on equity 21.0%17.4%Return on tangible common equity5 27.1%23.0%Institutional SecuritiesNet revenues$10,721$8

6、,983Investment Banking$2,116$1,559Equity$5,148$4,128Fixed Income$3,358$2,604Wealth ManagementNet revenues$8,519$7,327Fee-based client assets($billions)10$2,792$2,349Fee-based asset flows($billions)11$53.7$29.8Net new assets($billions)12$118.4$93.8Loans($billions)$186.3$162.5Investment ManagementNet