Morgan Stanley MS Q4 2025 earnings

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People walk past Morgan Stanley global headquarters in Manhattan on March 20, 2025 in New York City. 

Spencer Platt | Getty Images

Morgan Stanley is set to report fourth-quarter earnings before the bell Thursday.

Here’s what Wall Street is expecting, based on a survey of analysts by LSEG:

  • Earnings per share: $2.44 expected
  • Revenue: $17.77 billion expected

Trading desks across Wall Street have been busy in the past year, while investment banking showed renewed momentum with a pickup in mergers and IPOs. Meanwhile, stocks are trading at record highs, which could provide a boost to Morgan Stanley’s massive wealth management business.

Morgan Stanley shares have gained 38% over the past 12 months, but have fallen nearly 3% so far this week as other big banks reported their results.

This is breaking news. Please check back for updates.


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