Morgan Stanley Overview
Pro stress-test →Morgan Stanley is an American multinational investment bank and financial services company headquartered in Midtown Manhattan with offices in 42 countries and more than 80,000 employees. The firm's main business areas are institutional securities, wealth management and investment management. The bank is considered systemically important by the Financial Stability Board.
Strategic Profile
Pro stress-test →Morgan Stanley exceeded Wall Street expectations in Q4 2025 with earnings per share of $2.68 versus $2.44 expected and revenue of $17.89 billion versus $17.77 billion expected. The wealth management division generated record net revenue of $31.8 billion for the full year. The firm acquired EquityZen in October 2025, which operates a trading platform for buying and selling stakes in private companies.
Competitive Landscape
Pro stress-test →Morgan Stanley competes in institutional securities, wealth management and investment management alongside major global financial institutions. Key competitors include JPMorgan Chase, Goldman Sachs, and Bank of America in investment banking and wealth management; BlackRock, Vanguard, and Fidelity in asset management.
Industry Context
Morgan Stanley operates in Investment Banking & Financial Services.
Key facts
Founded: 1935 · Headquarters: New York, US · Employees: 80000 · Revenue: $70.6B · Market cap: $220B