| MS |
Report |
Diluted EPS |
BEAT |
pred ~$3.05 vs. cons $2.93 |
MEDIUM |
| MS |
Report |
Total net revenues |
BEAT |
pred ~$20.05B vs. cons $19.70B |
MEDIUM |
| MS |
Report |
Wealth Management net new assets |
BEAT |
pred ~$62B vs. cons $55B |
MEDIUM |
| MS |
Guide |
Wealth Management net interest income |
BETTER |
guide ~$2.24B vs. cons $2.20B (3Q26) |
MEDIUM |
| MS |
Guide |
Wealth Management pre-tax margin |
UNCHANGED |
guide ~30.0% vs. cons 30.0% (2H26) |
HIGH |
| MS |
Guide |
Investment-banking pipeline / 2H fee outlook |
BETTER |
guide ~$4.35B vs. cons $4.20B (2H26 investment-banking revenues) |
LOW |
| MS |
Guide |
Full-year effective tax rate |
UNCHANGED |
guide ~22.5% vs. cons 22.5% (FY26) |
HIGH |
| MS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.5% |
— |
MEDIUM |
| MS |
Return |
5-day cumulative residual |
+0.5% (FADE) |
A ~$3.05 EPS print versus $2.93 consensus and ~$20.05B revenue versus $19.70B should support an initially positive reaction, but the likely 2H26 investment-banking guide of ~$4.35B versus $4.20B is only modestly above an already elevated bar. With Wealth margin guided near 30.0% versus 30.0% consensus and the tax-rate outlook unchanged at 22.5% versus 22.5%, out-period EPS revisions should be limited; the initial beat is therefore likely to fade rather than drive a sustained rerating. |
MEDIUM |