| MS |
Report |
Equities Trading Revenue |
BEAT |
pred ~$5,100M vs. cons $4,616M |
HIGH |
| MS |
Report |
Investment Banking Revenue (IS) |
BEAT |
pred ~$2,400M vs. cons $2,200M |
HIGH |
| MS |
Report |
WM NII |
IN-LINE |
pred ~$2,200M vs. cons $2,193M |
HIGH |
| MS |
Guide |
WM NII trajectory (Q3 2026) |
BETTER |
guide ~$2,230M vs. cons $2,193M |
MEDIUM |
| MS |
Guide |
WM Pre-Tax Margin (FY 2026) |
UNCHANGED |
guide reiterate 30% vs. cons ~30% |
HIGH |
| MS |
Guide |
IB Pipeline tone (H2 2026) |
BETTER |
upgrade from steady to building/accelerating vs. cons qualitative |
MEDIUM |
| MS |
Return |
Day-1 residual (stock − beta × S&P 500) |
+3.0% |
— |
MEDIUM |
| MS |
Return |
5-day cumulative residual |
+3.0% (FOLLOW-THROUGH) |
FOLLOW-THROUGH — FY estimate revisions provide buying support but compressed by stretched setup |
MEDIUM |