OakChart

Morgan Stanley

MSFinancial·Capital Markets·USA·Mega·NYSE·Nov 11 • 3:52 PM ET

190.58+3.02 (1.61%)
2026-11-11 21:53 CET
Market cap
293,163.78 USD m
Revenue, TTM
- USD m
Net income, TTM
19,848.00 USD m
Free cash flow, TTM
38,174.00 USD m
EPS diluted, TTM
12.61
P/E
15.11
Compare

Price

MS against its 20, 50 and 200-day averages
2050200beat
180.00200.00220.006.0M11.9MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26MSclose 190.5820-day 185.0950-day 193.70200-day 194.44190.5852w high

17.9% under the 52-week high of 232.25 on 15 Jul 2026. 52-week low 152.80 on 12 Mar 2026. Last 15 sessions, 9.9% high to low

Volume 0.72× normal · the line is the 50-bar volume average

Profile

MS
52-week range, 48% of the way up
152.8232.25

Morgan Stanley operates as a global financial services company. The firm provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors. The Wealth Management segment offers brokerage and investment advisory services covering various types of investments, including equities, options, futures, foreign currencies, precious metals, fixed-income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs. The Investment Management segment provides equity, fixed income, alternative investments, real estate, and merchant banking strategies. The company was founded by Harold Stanley and Henry S. Morgan in 1924 and is headquartered in New York, NY.

IndexS&P 500, RUI
Employees83000
IPOMar 21, 1986
Beta1.22
ATR, 14d5.72
Rel volume0.72
Short float1.29%
Insider own24.08%
Inst own64.13%

Snapshot

6 groups

Valuation

IndexS&P 500, RUI
Market Cap297.88B
Enterprise Value-
Income19.85B
Sales130.86B
Book/sh68.59
Cash/sh-
Dividend Est.4.31 (2.26%)
Dividend TTM4.30 (2.26%)
Dividend Ex-DateOct 30, 2026
Dividend Gr. 3/5Y9.28% 22.42%
Payout37.72%
Employees83000
IPOMar 21, 1986

Ratios

P/E15.11
Forward P/E13.81
PEG1.01
P/S2.28
P/B2.78
P/C-
P/FCF7.80
EV/EBITDA-
EV/Sales-
Quick Ratio-
Current Ratio1.49
Debt/Eq4.52
LT Debt/Eq3.30
Option/ShortYes / Yes

Earnings

EPS (ttm)12.61
EPS next Y13.80
EPS next Q2.97
EPS this Y26.31%
EPS next Y6.98%
EPS next 5Y13.72%
EPS past 3/5Y18.38% 9.56%
Sales past 3/5Y21.96% 17.76%
EPS Y/Y TTM29.33%
Sales Y/Y TTM15.71%
EPS Q/Q8.40%
Sales Q/Q6.48%
EarningsOct 14 BMO
EPS/Sales Surpr.3.51% 2.06%

Ownership

Insider Own24.08%
Insider Trans-0.01%
Inst Own64.13%
Inst Trans0.05%
ROA1.34%
ROE18.02%
ROIC4.06%
Gross Margin-
Oper. Margin20.13%
Profit Margin15.17%
SMA202.97%
SMA50-1.61%
SMA200-1.99%
Trades-

Technical

Shs Outstand1.57B
Shs Float1.19B
Short Float1.29%
Short Ratio2.80
Short Interest15.33M
52W High232.25 -17.94%
52W Low152.80 24.73%
Volatility4.05% 2.94%
ATR (14)5.72
RSI (14)52.79
Beta1.22
Rel Volume0.72
Avg Volume5.47M
Volume3,884,282

Performance

Perf Week-1.75%
Perf Month2.11%
Perf Quarter-12.73%
Perf Half Y-1.68%
Perf YTD7.35%
Perf Year14.46%
Perf 3Y152.99%
Perf 5Y92.74%
Perf 10Y395.14%
Recom2.24
Target Price216.65
Prev Close187.56
Price190.58
Change %1.61%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Oct 08, 2026InitiatedTTD CowenHold$210+10.2%
Oct 08, 2026DowngradeEErste GroupBuy → Hold
Sep 28, 2026ResumedHHSBC SecuritiesHold$219+14.9%
Jun 30, 2026DowngradeOOppenheimerPerform → Underperform
Apr 27, 2026UpgradeEErste GroupHold → Buy
Apr 07, 2026UpgradeUUBSNeutral → Buy$196+2.8%
Mar 05, 2026DowngradeEErste GroupBuy → Hold
Nov 24, 2025UpgradeWWolfe ResearchPeer Perform → Outperform
Oct 03, 2025InitiatedBBMO Capital MarketsOutperform$180-5.6%
Jul 09, 2025UpgradeKKeefe BruyetteMkt Perform → Outperform$160-16.0%

Peers

Mkt cap
TickerCompanyMkt cap
GSGoldman Sachs Group Inc267.42B
SCHWCharles Schwab Corp159.57B
UBSUBS Group AG149.76B
JPMJPMorgan Chase & Co912.16B
BACBank Of America Corp349.88B
CCitigroup Inc208.59B
NMRNomura Holdings Inc ADR28.39B
EVREvercore Inc11.30B
RJFRaymond James Financial Inc32.11B
WFCWells Fargo & Co257.42B

Insider trading

latest 14 of 35
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Miscik Judith ADirectorNov 06 '26Sale183.212,480454,34864,215Nov 10 04:10 PM
JUDITH A MISCIKAffiliateNov 06 '26Proposed Sale183.212,480454,348Nov 06 04:55 PM
MORGAN STANLEY SMITH BARNEY LLIndirectly controlled by the iOct 16 '26Proposed Sale183.032,920534,448Oct 16 04:15 PM
SCHAPIRO MARY LDirectorJul 28 '26Sale212.061,000212,05540,843Jul 29 04:06 PM
MARY L SCHAPIRO REV TRUSTAffiliateJul 28 '26Proposed Sale212.061,000212,055Jul 28 04:08 PM
MORGAN STANLEY SMITH BARNEY LLIndirectly controlled by the iJul 20 '26Proposed Sale215.114,040869,044Jul 20 04:21 PM
MICHAEL A. PIZZI REVOCABLE TRUAffiliateJul 17 '26Proposed Sale215.5524,1655,208,825Jul 17 04:17 PM
YESHAYA SHARONChief Financial OfficerJul 16 '26Sale222.519,1722,040,8620Jul 17 04:07 PM
YESHAYA SHARONChief Financial OfficerJul 16 '26Sale222.516,3821,420,059136,810Jul 17 04:07 PM
Pizzi Michael A.Head Technology & OperationsJul 17 '26Sale215.5524,1655,208,825121,770Jul 17 04:06 PM
SHARON YESHAYAAffiliateJul 16 '26Proposed Sale222.5115,5543,460,921Jul 16 04:22 PM
MORGAN STANLEY SMITH BARNEY LLIndirectly controlled by the iApr 20 '26Proposed Sale191.432,775531,204Apr 20 04:38 PM
GROSSMAN ERIC FChief Legal/Admin OfficerApr 20 '26Sale190.7511,1182,120,758169,403Apr 20 04:23 PM
ERIC F GROSSMANAffiliateApr 20 '26Proposed Sale190.7511,1182,120,758Apr 20 04:12 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VOOVanguard S&P 500 ETFAUM: 1054.75B
IVViShares Core S&P 500 ETFAUM: 871.38B
SPYSPDR S&P 500 ETF TrustAUM: 793.23B
VTVVanguard Morningstar Value ETFAUM: 196.23B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.05B
VIGVanguard Dividend Appreciation FTFAUM: 117.07B
VYMVanguard High Dividend Yield Indx ETFAUM: 83.15B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 183.48B
KBWBInvesco KBW Bank ETFAUM: 6.81B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-10-143.0302.9273.01820,33819,92721
2026Q22026-07-153.4602.9333.46521,34819,67520
2026Q12026-04-153.4303.0233.43320,58019,73820
2025Q42026-01-152.6802.4282.68017,89017,74120
2025Q32025-10-152.8002.1022.79918,22416,68819
2025Q22025-07-162.1301.9822.12916,79216,06619
2025Q12025-04-112.6002.2062.59817,73916,53717
2024Q42025-01-162.2201.6982.21616,22315,02618
2024Q32024-10-161.8801.5931.88215,38314,35118
2024Q22024-07-161.8201.6531.82615,01914,32219
2024Q12024-04-162.0201.6722.02115,13614,40018
2023Q42024-01-160.8501.0740.85012,89612,77320
2023Q32023-10-181.3801.3091.37713,27313,22419
2023Q22023-07-181.2401.2021.24113,45713,01821
2023Q12023-04-191.7001.6801.70514,51713,96621
2022Q42023-01-171.3101.2511.25912,74912,54120

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2018FY4.6104.8194.73140,10740,887
2019FY4.9804.8835.19041,41940,264
2020FY6.5805.8976.46648,19846,167
2021FY8.2208.0218.03059,75559,723
2022FY6.3606.2866.15353,66853,489
2023FY5.1805.4745.18254,14353,980
2024FY7.9507.4177.94561,76160,477
2025FY10.2109.88710.18870,64570,185
2026FY-12.896--82,401
2027FY-13.797--86,944
2028FY-15.015--91,889
2029FY-16.143--97,672

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-10-301612120,26219,06021,135
2026Q4S2026-10-291611220,23919,06021,135
2026Q4S2026-10-281611220,22119,06021,135
2026Q4S2026-10-221610320,19419,06021,135
2026Q4S2026-10-161510320,19419,06021,135
2026Q4S2026-10-15158320,12819,06021,135
2026Q4S2026-10-14158320,07719,06021,135
2026Q4S2026-10-08153519,98518,70321,017
2026Q4S2026-10-06153420,01218,70321,017
2026Q4S2026-10-05143320,03018,70321,017
2026Q4S2026-10-04132220,03918,70321,017
2026Q4S2026-10-02152219,98918,70321,017
2026Q4S2026-10-01152119,98218,70321,017
2026Q4S2026-09-30152119,98318,71921,017

Estimate history

EPS, annual3.0694.7315.196.4668.036.1535.1827.94510.20712.6116
Period201720182019202020212022202320242025TTM
EPS, quarterly1.8822.2162.5982.1292.7992.683.4333.4653.034
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual43715501705398452855614096599092218107397119717130859
Period201720182019202020212022202320242025TTM
Sales, quarterly274082338429094294063121130002330823454333232
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual1788.0871699.8291593.9741809.6241772.2271675.4871626.8281606.6541582.8341565.199
Period201720182019202020212022202320242025MRQ
Shares, quarterly1612.0681606.6541606.8061598.2991591.0921582.8341579.6291571.9311565.199
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Interest Income62,317.0059,063.0054,135.0045,849.0021,595.009,411.0010,162.0017,098.0013,892.00
Total Interest Expense50,729.0049,017.0045,524.0037,619.0012,268.001,366.003,849.0012,404.0010,086.00
Net Interest Income11,588.0010,046.008,611.008,230.009,327.008,045.006,313.004,694.003,806.00
Loan Loss Provision362.00349.00264.00532.00280.004.00762.000.000.00
Net Interest Income After Loan Loss Provision11,226.009,697.008,347.007,698.009,047.008,041.005,551.004,694.003,806.00
Non-Interest Income68,542.0060,654.0053,262.0046,369.0044,395.0051,998.0042,693.0036,886.0036,278.00
Non-Interest Expense53,427.0048,562.0044,204.0042,335.0039,375.0040,425.0033,500.0029,931.0028,720.00
Operating Income26,341.0021,789.0017,405.0011,732.0014,067.0019,614.0014,744.0011,649.0011,364.00
Unusual Expense0.000.000.000.000.000.00336.00262.00252.00
Net Income Before Taxes26,597.0021,954.0017,596.0011,813.0014,089.0019,668.0014,418.0011,301.0011,237.00
Income Taxes5,913.004,929.004,067.002,583.002,910.004,548.003,239.002,064.002,350.00
Consolidated Net Income20,684.0017,025.0013,529.009,230.0011,179.0015,120.0011,179.009,237.008,887.00
Net Income From Continuing Operations20,454.0016,861.0013,390.009,087.0011,029.0015,034.0010,996.009,042.008,752.00
Net Income19,848.0016,249.0012,800.008,530.0010,540.0014,566.0010,500.008,512.008,222.00
EPS (Recurring)12.6710.217.955.186.158.036.615.304.83
EPS (Basic, Before Extraordinaries)12.7510.328.055.246.238.166.555.264.81
EPS (Diluted)12.6110.217.955.186.158.036.475.194.73
Non-Operating Income (Expense)256.00165.00191.0081.0022.0054.0010.00-86.00125.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.000.00
Stock Option Compensation Expense1,685.221,195.271,010.411,327.001,448.001,653.001,042.00910.00727.00
Price To Earnings Ratio14.8714.8719.1116.7112.3412.2210.649.858.40
Price To Sales Ratio2.252.361.891.662.212.902.111.551.37
Operating Margin20.1318.2016.2112.7221.3231.9427.9021.5822.65
Net Margin15.1713.5711.929.2515.9723.7219.8715.7716.39
Shares Outstanding1,565.201,582.831,606.651,626.831,675.491,772.231,809.621,593.971,699.83
Market Capitalization293,163.78293,163.78202,539.95153,052.16143,693.15176,139.29108,055.3682,742.8368,204.34

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Interest Income16,188.0015,902.0015,273.0014,954.0015,456.0014,905.0013,748.0013,491.00
Total Interest Expense12,938.0013,122.0012,570.0012,099.0012,965.0012,558.0011,395.0010,939.00
Net Interest Income3,250.002,780.002,703.002,855.002,491.002,347.002,353.002,552.00
Loan Loss Provision148.0098.0098.0018.000.00196.00135.00115.00
Net Interest Income After Loan Loss Provision3,102.002,682.002,605.002,837.002,491.002,151.002,218.002,437.00
Non-Interest Income17,044.0018,641.0017,809.0015,048.0015,755.0014,501.0015,346.009,893.00
Non-Interest Expense13,728.0014,056.0013,489.0012,154.0012,279.0012,049.0012,077.0011,202.00
Operating Income6,418.007,267.006,925.005,731.005,967.004,603.005,487.001,128.00
Unusual Expense0.000.000.000.000.000.000.000.00
Net Income Before Taxes6,478.007,348.007,011.005,760.006,028.004,622.005,544.004,906.00
Income Taxes1,509.001,695.001,373.001,336.001,373.001,047.001,173.001,182.00
Consolidated Net Income4,969.005,653.005,638.004,424.004,655.003,575.004,371.003,724.00
Net Income From Continuing Operations4,909.005,581.005,567.004,397.004,610.003,539.004,315.003,714.00
Net Income4,751.005,436.005,411.004,250.004,450.003,392.004,157.003,564.00
EPS (Recurring)3.033.463.432.682.802.132.602.22
EPS (Basic, Before Extraordinaries)3.073.503.472.722.832.152.622.25
EPS (Diluted)3.033.463.432.682.802.132.602.22
Non-Operating Income (Expense)60.0081.0086.0029.0061.0019.0057.000.00
Other After Tax Adjustments0.000.000.000.000.000.000.000.00
Stock Option Compensation Expense428.18443.98451.09361.97354.71370.51425.8137.92
Price To Earnings Ratio14.8718.9316.1218.2218.0116.5314.6819.11
Price To Sales Ratio2.252.552.102.352.232.051.761.95
Operating Margin19.3121.0420.9319.1019.1215.6518.864.82
Net Margin14.3015.7416.3614.1714.2611.5414.2915.24
Shares Outstanding1,565.201,571.931,579.631,582.831,591.091,598.301,606.811,606.65
Market Capitalization293,163.78329,714.61261,314.12282,150.20253,754.21225,984.52188,172.38202,539.95

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY
Cash & Due from Banks4,462.004,436.007,323.005,409.008,394.009,792.0036,805.0065,897.0059,047.00
Investments982,128.00849,170.00851,938.00847,252.00861,690.00832,626.00656,029.00610,758.00618,704.00
Net Loans268,720.00225,834.00203,385.00198,997.00174,302.00137,784.00118,060.0099,815.0092,953.00
Investment in Unconsolidated Affiliates2,054.001,869.001,915.001,927.002,214.002,410.002,363.002,432.002,623.00
Customer Liability on Acceptances0.000.000.000.000.000.000.000.000.00
Net Property, Plant & Equipment4,164.004,114.004,368.004,073.004,268.004,419.003,998.00--
Interest Receivables0.000.000.000.000.000.000.000.000.00
Deferred Tax Assets5,245.005,414.005,410.004,943.003,586.003,073.002,892.002,734.003,415.00
Other Intangible Assets156,502.00126,966.00122,129.00120,456.00137,019.00128,044.0076,676.0072,956.0075,832.00
Total Assets1,423,275.001,217,803.001,196,468.001,183,057.001,191,473.001,118,148.00896,823.00854,592.00852,574.00
Total Deposits415,523.00376,007.00351,804.00356,646.00347,574.00310,782.00190,356.00187,820.00159,436.00
Total Debt471,383.00380,651.00359,512.00329,330.00322,812.00296,587.00274,809.00260,795.00273,869.00
Long Term Debt327,334.00271,020.00251,820.00226,202.00237,102.00197,085.00181,268.00170,853.00176,430.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities3,005.002,732.002,775.002,826.003,333.002,286.001,394.001,061.00841.00
Other Liabilities420,712.00352,985.00382,395.00393,024.00411,156.00405,344.00347,567.00323,510.00339,962.00
Total Liabilities1,310,623.001,112,375.001,096,486.001,081,826.001,084,875.001,014,999.00814,126.00773,186.00774,108.00
Preferred Stock - Carrying Value9,750.009,750.008,750.008,750.007,750.009,250.008,520.008,520.008,520.00
Common Equity101,882.0094,761.0090,288.0091,391.0097,691.0092,531.0073,029.0071,726.0068,871.00
Total Shareholders Equity111,632.00104,511.0099,038.00100,141.00105,441.00101,781.0081,549.0080,246.0077,391.00
Accumulated Minority Interest1,020.00917.00944.001,090.001,157.001,368.001,148.001,160.001,075.00
Total Equity112,652.00105,428.0099,982.00101,231.00106,598.00103,149.0082,697.0081,406.0078,466.00
Total Liabilities & Stockholders Equity1,423,275.001,217,803.001,196,468.001,183,057.001,191,473.001,118,148.00896,823.00854,592.00852,574.00
Book Value Per Share64.3758.9855.5054.5555.1251.1345.8242.2038.52
Tangible Book Value Per Share50.0044.5740.8940.0640.9141.9540.0136.9933.46
Tier 1 Capital92,728.0084,790.0078,183.0077,191.0083,348.0088,079.0073,443.0070,619.0069,120.00
Tier 2 Capital9,952.0010,056.0010,007.008,968.009,579.008,915.008,980.009,195.0010,120.00
Full-Time Employees83,00080,00080,00082,42774,81468,00060,43160,34857,633
Price to Book Ratio2.732.161.691.561.781.341.120.941.35
Return on Assets1.281.110.760.931.301.091.031.030.74
Return on Equity15.6013.169.1210.7314.5112.0011.1811.107.99
Return on Invested Capital3.843.572.593.384.393.683.443.482.41
Current Ratio1.401.391.371.331.371.341.481.571.53

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY
Funds from Operations28,375.0024,927.0020,732.0015,572.0017,101.0021,282.0017,046.0013,165.0012,280.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital13,026.0024,071.00-30,858.00-3,027.009,767.008,532.00-19,587.0020,175.00-13,791.00
Cash from Operating Activities41,401.0048,998.00-10,126.0012,545.0026,868.0029,814.00-2,541.0033,340.00-1,511.00
Capital Expenditures-3,227.00-2,898.00-3,462.00-3,412.00-3,078.00-2,308.00-1,444.00-1,826.00-1,865.00
Net Assets From Acquisitions0.000.000.000.000.00-2,648.000.000.00-130.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.003,807.000.000.00
Purchase or Sale of Investments-123,972.00-98,849.0022,008.00-40,266.00-21,546.00-20,015.00-39,046.00-7,029.005,241.00
Purchase of Investments-168,608.00-134,021.00-49,780.00-84,104.00-72,916.00-90,658.00-92,863.00-56,254.00-42,064.00
Sale Or Maturity of Investments44,636.0035,172.0071,788.0043,838.0051,370.0070,643.0053,817.0049,225.0047,305.00
Other Uses-1,607.00-1,092.00-1,485.00-923.00-347.00-832.00-802.00-953.00-298.00
Other Sources0.000.000.000.000.000.000.000.000.00
Cash from Investing Activities-170,856.00-144,222.00-5,557.00-48,660.00-48,623.00-61,909.00-55,434.00-27,167.00-5,846.00
Cash Dividends Paid-6,984.00-6,593.00-6,138.00-5,763.00-5,401.00-4,171.00-2,739.00-2,627.00-2,375.00
Change in Capital Stock-7,641.00-5,835.00-3,204.00-6,178.00-9,877.00-10,800.00-1,890.00-5,457.00-5,566.00
Repurchase of Common Pref Stock-7,641.00-5,835.00-4,199.00-6,178.00-10,871.00-12,075.00-1,890.00-5,954.00-5,566.00
Sale of Common Pref Stock0.000.00995.000.00994.001,275.000.00497.000.00
Proceedsfrom Stock Options0.000.00995.000.00994.001,275.000.00497.000.00
Issuance or Reduction of Debt, Net106,653.0071,457.0020,078.0013,910.0040,404.0035,693.007,882.00-5,209.00-4,297.00
Change in Long Term Debt70,993.0040,901.0032,493.0014,415.0036,678.0019,524.0013,036.00-6,248.004,052.00
Issuance of Long Term Debt185,063.00140,294.00112,723.0079,220.0071,576.0089,648.0063,520.0030,605.0040,059.00
Reduction of Long Term Debt-114,070.00-99,393.00-80,230.00-64,805.00-34,898.00-70,124.00-50,484.00-36,853.00-36,007.00
Net Financing Active Other Cash Flow-118.00142.00-350.00-125.00-345.0097.00-40.00-147.00-160.00
Other Financing Activities Uses---350.00-125.00-345.00--40.00-147.00-160.00
Cash from Financing Activities165,714.0098,314.0034,341.00-3,231.0026,440.0057,716.0078,630.00-10,927.0015,986.00
Exchange Rate Effect-1,324.003,219.00-2,504.00451.00-4,283.00-3,550.002,828.00-271.00-1,828.00
Net Change in Cash34,935.006,309.0016,154.00-38,895.00402.0022,071.0023,483.00-5,025.006,801.00
Free Cash Flow38,174.0046,100.00-13,588.009,133.0023,790.0027,506.00-3,985.0031,514.00-3,376.00
Price to Free Cash Flow9.447.15-45.557.927.63-2.90-
Federal Home Loan Advances Increase (Decrease)-0.000.000.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Due from Banks6,058.006,936.006,012.004,462.005,516.008,127.00
Investments1,191,028.001,176,754.001,118,629.00982,128.00939,655.00950,550.00
Net Loans297,211.00289,318.00276,683.00268,720.00255,867.00245,654.00
Investment in Unconsolidated Affiliates2,253.002,053.002,175.002,054.002,042.002,090.00
Net Property, Plant & Equipment---4,164.00--
Interest Receivables0.000.000.000.000.000.00
Deferred Tax Assets---5,245.00--
Other Intangible Assets195,477.00199,996.00177,919.00156,502.00161,726.00147,449.00
Total Assets1,692,027.001,675,057.001,581,418.001,423,275.001,364,806.001,353,870.00
Total Deposits478,377.00446,068.00427,971.00415,523.00405,480.00389,377.00
Total Debt529,611.00545,313.00533,654.00471,383.00430,568.00441,068.00
Long Term Debt386,967.00391,463.00370,533.00327,334.00332,196.00327,771.00
Provision for Risks Charges0.000.000.000.000.000.00
Deferred Tax Liabilities---3,005.00--
Other Liabilities565,719.00566,236.00504,409.00420,712.00417,707.00414,155.00
Total Liabilities1,573,707.001,557,617.001,466,034.001,310,623.001,253,755.001,244,600.00
Preferred Stock - Carrying Value9,750.009,750.009,750.009,750.009,750.009,750.00
Common Equity107,359.00106,579.00104,536.00101,882.00100,212.0098,434.00
Total Shareholders Equity117,109.00116,329.00114,286.00111,632.00109,962.00108,184.00
Accumulated Minority Interest1,211.001,111.001,098.001,020.001,089.001,086.00
Total Equity118,320.00117,440.00115,384.00112,652.00111,051.00109,270.00
Total Liabilities & Stockholders Equity1,692,027.001,675,057.001,581,418.001,423,275.001,364,806.001,353,870.00
Book Value Per Share68.5967.8066.1864.3762.9861.59
Tangible Book Value Per Share53.9653.1851.5850.0048.6447.25
Tier 1 Capital98,648.0097,217.0094,235.0092,728.0091,036.0088,358.00
Tier 2 Capital10,703.0011,026.0011,614.009,952.009,893.0010,486.00
Full-Time Employees84,00083,00084,00083,000-80,000
Price to Book Ratio2.733.162.562.822.582.33
Return on Assets1.341.331.261.281.231.15
Return on Equity18.0217.9516.3815.6015.1514.13
Return on Invested Capital0.971.101.151.001.040.81
Current Ratio1.491.401.391.401.561.49

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Funds from Operations6,829.007,701.007,095.006,750.006,564.005,705.00
Extraordinary Item0.000.000.000.000.000.00
Changes in Working Capital-5,342.009,593.007,128.001,647.00-639.007,712.00
Cash from Operating Activities1,487.0017,294.0014,223.008,397.005,925.0013,417.00
Capital Expenditures-945.00-819.00-754.00-709.00-713.00-763.00
Net Assets From Acquisitions0.000.000.000.000.000.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.00
Purchase or Sale of Investments-36,632.003,363.00-61,976.00-28,727.002,732.00-9,225.00
Purchase of Investments-45,176.00-8,869.00-77,544.00-37,019.00-8,055.00-16,567.00
Sale Or Maturity of Investments8,544.0012,232.0015,568.008,292.0010,787.007,342.00
Other Uses-330.00-618.00-313.00-346.00-296.00-426.00
Other Sources0.000.000.000.000.000.00
Cash from Investing Activities-45,996.00-10,763.00-71,492.00-42,605.00-8,651.00-22,114.00
Cash Dividends Paid-1,911.00-1,677.00-1,708.00-1,688.00-1,705.00-1,584.00
Change in Capital Stock-1,564.00-1,672.00-2,875.00-1,530.00-1,146.00-1,129.00
Repurchase of Common Pref Stock-1,564.00-1,672.00-2,875.00-1,530.00-1,146.00-1,129.00
Sale of Common Pref Stock0.000.000.000.000.000.00
Proceedsfrom Stock Options0.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-6,401.005,892.0071,699.0035,463.00-15,066.0019,566.00
Change in Long Term Debt3,429.0022,374.0028,128.0017,062.00-3,784.0016,712.00
Issuance of Long Term Debt39,509.0043,249.0056,195.0046,110.0024,843.0036,902.00
Reduction of Long Term Debt-36,080.00-20,875.00-28,067.00-29,048.00-28,627.00-20,190.00
Net Financing Active Other Cash Flow-185.00-191.00164.0094.00-168.00-44.00
Other Financing Activities Uses-185.00-----
Cash from Financing Activities22,734.0020,578.0080,031.0042,371.00-2,206.0024,521.00
Exchange Rate Effect309.00-503.00-928.00-202.00-464.002,567.00
Net Change in Cash-21,466.0026,606.0021,834.007,961.00-5,396.0018,391.00
Free Cash Flow542.0016,475.0013,469.007,688.005,212.0012,654.00
Price to Free Cash Flow9.449.098.027.1365.5516.44

Revenue breakdown

Americas2024: 46.93B 2025: 52.90B
Asia2024: 7.64B 2025: 9.42B
EMEA2024: 7.20B 2025: 8.33B
Consolidation, Policy2024: -600.00M 2025: -714.00M
Institutional Securities2024: 28.08B 2025: 33.08B
Investment Management2024: 5.86B 2025: 6.53B
Wealth Management2024: 28.42B 2025: 31.75B

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.29%15.3M1186.6M5.27M
2026-10-151.20%14.3M1192.4M5.22M
2026-09-301.22%14.6M1192.4M5.04M
2026-09-151.23%14.7M1191.1M5.29M
2026-08-311.25%14.9M1190.6M5.51M
2026-08-141.17%13.9M1192.2M5.85M
2026-07-311.12%13.3M1191.7M5.94M
2026-07-151.44%17.2M1196.2M5.81M
2026-06-301.48%17.7M1196.1M5.99M
2026-06-151.50%17.9M1194.1M6.08M
2026-05-291.53%18.3M1197.1M6.29M
2026-05-151.28%15.3M1197.1M6.48M
2026-04-301.22%14.6M1198.3M7.15M
2026-04-151.29%15.5M1198.1M7.64M
2026-03-311.35%16.3M1206.6M7.58M
2026-03-131.48%17.8M1206.6M7.03M
2026-02-271.32%15.9M1206.6M6.68M
2026-02-131.37%16.5M1206.6M6.56M
2026-01-301.17%14.1M1209.0M5.91M
2026-01-151.32%15.9M1208.9M5.50M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call11079.4582.0576.605.0210.000.000.999-0.0320.000
call11574.4577.0571.624.6772.000.000.999-0.0320.000
call12069.5072.0566.324.34612.000.000.998-0.0570.001
call12564.5067.1061.334.06111.000.000.998-0.0570.001
call13059.5062.0559.643.7181.000.000.997-0.0570.001
call13554.5057.1054.673.4491.000.000.997-0.0570.001
call14049.5052.0549.733.12812.000.000.994-0.1180.002
call14544.5047.0544.762.84413.000.000.993-0.1160.003
call15039.4542.1539.742.6163.000.000.992-0.1140.003
call15534.5037.0532.312.2940.000.000.991-0.1120.003
call157.532.0034.5529.832.1590.000.000.991-0.1110.003
call16029.5032.1026.402.0462.000.000.990-0.1100.004
call162.527.0029.6023.931.9122.000.000.989-0.1090.004
call16524.5027.1025.381.7770.000.000.988-0.1070.004
call167.522.0024.600.001.6430.000.000.987-0.1050.004
call17019.5521.9015.601.43853.000.000.986-0.1030.005
call172.517.0019.6013.351.3741.000.000.982-0.1150.006
call17514.5517.1011.201.2381.000.000.972-0.1550.009
call177.512.0514.7511.851.14425.001.000.954-0.2240.013
call1809.6512.0510.260.9471531.000.928-0.2920.019
call182.58.159.057.820.6691452.000.894-0.3420.025
call1855.706.806.220.5955809.000.824-0.4480.035
call187.54.004.604.030.50429523.000.715-0.5410.046
call1902.212.722.320.4365972280.557-0.5770.054
call192.51.121.411.180.4031,0121030.366-0.5170.051
call1950.440.540.500.3641,16260.000.252-0.5380.043
call197.50.100.200.200.36230020.000.153-0.4110.032
call2000.020.050.050.34746039.000.079-0.2530.020
call202.50.000.050.030.42237.007.000.061-0.2390.016
call2050.000.520.020.4952530.000.037-0.1650.011
call207.50.001.240.010.5621730.000.026-0.1360.008
call2100.000.020.020.57042.005.000.008-0.0410.003
call212.50.001.390.090.6181510.000.007-0.0460.003
call2150.001.430.130.67623.000.000.007-0.0470.003
call217.50.001.430.080.7331.000.000.006-0.0480.002
call2200.001.640.030.78926.000.000.006-0.0490.002
call222.50.001.610.520.8441.000.000.006-0.0490.002
call2250.001.660.470.8972.000.000.005-0.0500.002
call2300.002.130.061.0024.000.000.005-0.0510.002
call2350.000.070.051.07017.000.000.004-0.0490.002
call2400.002.130.051.20020.000.000.004-0.0530.002
call2450.002.130.081.2965.000.000.004-0.0540.002
call2500.002.130.051.3889.000.000.004-0.0540.001
call2550.002.130.051.47717.000.000.003-0.0550.001
call2600.002.130.051.5659.000.000.003-0.0560.001
call2650.002.130.101.6517.000.000.003-0.0560.001
call2700.002.130.001.7340.000.000.003-0.0570.001
call2750.002.130.031.8151.000.000.003-0.0570.001
call2800.002.130.041.8931.000.000.003-0.0580.001
put1100.002.130.122.5561.000.00-0.001-0.0310.000
put1150.000.010.011.87612.000.00-0.001-0.0200.001
put1200.002.130.082.3196.000.00-0.002-0.0550.001
put1250.002.130.012.1296.000.00-0.002-0.0540.001
put1300.002.130.111.9462.000.00-0.002-0.0540.001
put1350.000.020.061.9416.000.00-0.006-0.1130.002
put1400.002.130.051.7822.000.00-0.006-0.1140.002
put1450.002.130.081.5982.000.00-0.007-0.1120.003
put1500.000.220.071.4209.000.00-0.008-0.1100.003
put1550.000.080.041.1021882.00-0.004-0.0490.002
put157.50.000.210.091.16018.002.00-0.009-0.1060.003
put1600.000.060.101.0762002.00-0.010-0.1040.004
put162.50.000.160.000.9920.000.00-0.011-0.1020.004
put1650.010.070.040.90826829.00-0.012-0.1010.004
put167.50.020.050.020.82541180.00-0.013-0.0990.004
put1700.010.080.040.7451,5177.00-0.014-0.0960.005
put172.50.000.500.090.5951280.00-0.013-0.0740.005
put1750.020.050.020.578864232-0.027-0.1460.009
put177.50.010.060.040.509329123-0.046-0.2160.013
put1800.020.090.020.45691374.00-0.072-0.2830.019
put182.50.110.200.180.43859717.00-0.100-0.3180.024
put1850.260.380.290.3961,129250-0.176-0.4400.035
put187.50.600.810.800.37631332.00-0.285-0.5320.046
put1901.311.601.500.35727613.00-0.443-0.5680.054
put192.52.462.863.320.3341216.00-0.634-0.5080.051
put1953.805.907.300.60616.000.00-0.748-0.5280.043
put197.56.058.2011.130.70918.000.00-0.846-0.4030.032
put2008.0510.6013.150.81217.000.00-0.922-0.2400.020
put202.510.5013.5014.701.0650.000.00-0.937-0.2380.017
put20513.0016.0022.281.1870.000.00-0.958-0.1790.012
put207.515.5018.600.001.3220.000.00-0.973-0.1290.009
put21017.8521.100.001.4340.000.00-0.992-0.0340.003
put212.520.5023.100.001.3650.000.00-0.993-0.0340.003
put21523.0026.100.001.6210.000.00-0.993-0.0350.003
put217.525.5028.100.001.5640.000.00-0.994-0.0360.002
put22028.0030.600.001.6570.000.00-0.994-0.0360.002
put222.530.5033.1533.821.7938.002.00-0.994-0.0360.002
put22533.0036.1036.312.03714.002.00-0.995-0.0370.002
put23038.1040.6543.172.0386.000.00-0.995-0.0370.002
put23543.0045.6048.302.1620.000.00-0.996-0.0380.002
put24048.0050.6053.282.3181.000.00-0.996-0.0380.002
put24553.0055.6058.482.4758.000.00-0.996-0.0380.002
put25058.0061.1063.502.8657.000.00-0.996-0.0380.001
put25563.0065.7568.802.8230.000.00-0.997-0.0390.001
put26068.0070.9569.853.0511.0014.00-0.997-0.0390.001
put26572.8575.6074.833.0282.0014.00-0.997-0.0390.001
put27078.0080.6083.763.1472.000.00-0.997-0.0390.001
put27583.1086.0585.673.5220.000.00-0.997-0.0390.001
put28088.0091.0590.653.6480.000.00-0.997-0.0380.001

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC
2026-11-10424B2SEC
2026-11-10424B2SEC
2026-11-10FWPFiling under Securities Act Rule 163/433 of free writing prospectuses.SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-1100454.35K1
2026-100000
2026-090000
2026-080000
2026-07008.88M4
2026-060000
2026-050000
2026-040017.68M4
2026-030000
2026-020000
2026-010025.18M7
2025-120000
2025-110000

Institutional holders

Manager% owned
MITSUBISHI UFJ FINANCIAL GROUP INC23.90%
STATE STREET CORP6.31%
BlackRock, Inc.6.02%
VANGUARD CAPITAL MANAGEMENT LLC4.93%
JPMORGAN CHASE & CO2.81%
VANGUARD PORTFOLIO MANAGEMENT LLC1.91%
GEODE CAPITAL MANAGEMENT, LLC1.77%
Fisher Asset Management, LLC1.69%
FMR LLC1.44%
PRICE T ROWE ASSOCIATES INC /MD/1.22%

Funds

Fund% owned
JNL/BlackRock Global Allocation Fund121.47%
AST PGIM Fixed Income Central Portfolio5.00%
VANGUARD TOTAL BOND MARKET II INDEX FUND4.74%
PIMCO Enhanced Short Maturity Active Exchange-Traded Fund4.30%
American Funds Strategic Bond Fund4.23%
Baird Aggregate Bond Fund3.97%
PIMCO Long Duration Credit Bond Portfolio3.94%
JPMorgan Ultra-Short Income ETF3.80%
Fidelity Investment Grade Bond Central Fund3.44%
VANGUARD INSTITUTIONAL INTERMEDIATE-TERM BOND FUND3.44%

OakChart. MS. Cached 15 minutes.