The investment banking giant, which has opened its doors to AI tools and capabilities, is still committed to being clients

The investment banking giant, which has opened its doors to AI tools and capabilities, is still committed to being clients' trusted advisor, CEO Ted Pick said Wednesday.

Record wealth assets hit $10.5 trillion as equities revenue surged 41% year over year.

A number of stocks fell in the afternoon session after September consumer price inflation accelerated to 3.7% and core inflation topped estimates, reigniting concerns over Federal Reserve interest rate hikes.

More than half of the $232 billion in new assets Morgan Stanley collected for its wealth management business in the third quarter came from private companies going public.

While other units within the wirehouses struggled, the wealth divisions at Morgan Stanley and Merrill Lynch saw double-digit revenue increases in Q3.

Equity trading contributed roughly four-fifths of the year-over-year revenue increase in the third quarter.

What Happened? A number of stocks fell in the afternoon session after September consumer price inflation accelerated to 3.7% and core inflation topped estima...

Morgan Stanley (NYSE:MS) reported third-quarter 2026 revenue of $20.3 billion, earnings per share of $3.03 and a return on tangible common equity of 22.6%, extending its streak of quarterly ROTCE above 20% to five quarters. Chairman and Chief Executive Officer Ted Pick said the firm’s results refle

El presidente y director ejecutivo de Morgan Stanley, Ted Pick, se une a 'Squawk on the Street' para analizar el último informe de ganancias de la empresa, el ecosistema de inteligencia artificial y más.