| MS |
Report |
Adjusted EPS |
BEAT |
pred ~$3.42 vs. cons $2.93 |
MEDIUM |
| MS |
Report |
Equities revenue |
BEAT |
pred ~$5.15B vs. cons $4.36B |
HIGH |
| MS |
Report |
Wealth Management net new assets |
BEAT |
pred ~$62B vs. cons $55B |
MEDIUM |
| MS |
Guide |
Wealth Management net interest income |
BETTER |
guide ~$2.28B vs. cons $2.22B (2026Q3) |
MEDIUM |
| MS |
Guide |
Wealth Management pretax margin |
UNCHANGED |
guide ~30.0% vs. cons 30.0% (FY2026) |
MEDIUM |
| MS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.2% |
— |
MEDIUM |
| MS |
Return |
5-day cumulative residual |
+1.5% (FADE) |
A broad Q2 beat should drive initial upside, but event-heavy equities and underwriting revenue likely imply normalization toward a ~$19.4B quarterly revenue run rate versus ~$19.8B consensus in the out-period, limiting estimate revisions and causing part of the day-1 move to fade. |
MEDIUM |