Morgan Stanley posts 18% profit increase on wealth management inflows
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The news: Morgan Stanley topped estimates as fourth-quarter results saw its wealth management business attracted net new assets of USD122 billion during the period.
The numbers: Morgan Stanley’s wealth management unit posted USD8.4 billion in net revenue in the final three months of the year, a rise on the USD7.5 billion notched one year earlier. The division posted a record of USD31.8 billion in net revenue for the year.
The US bank saw Q4 net income rise to USD4.4 billion, USD2.68 per share, from USD3.71 billion, or USD2.22 per share, the year prior.
Investment banking fees also picked up momentum during the quarter, with net revenue surging 478% to USD2.41 billion from USD1.64 billion a year earlier.
Stock traders at the bank notched USD5.43 billion revenue for the quarter,
The context: Morgan Stanley’s results, which wrap up fourth-quarter earnings for the US’ biggest banks, reflect performance across the Wall Street leaders which capitalised on trade tariff-induced volatility across markets and a revived dealmaking landscape.
Chairman and CEO Ted Pick said in a statement on the results that the bank’s total client assets in Wealth and Investment Management grew to USD9.3 trillion, supported by over USD350 billion in net new assets. “Morgan Stanley delivered outstanding performance in 2025,” said Pick. “Our performance reflects multi-year investments which have contributed to growth and momentum across the Integrated Firm.”
The sources: Morgan Stanley earnings release, Bloomberg, CNBC, Reuters
