Morgan Stanley Q2 investment banking revenue $2,437 mln

Morgan Stanley reported investment banking revenue of $2.38 billion for the second quarter, exceeding the $2.1 billion estimate from analysts. The performance was driven by strong merger activity and related financings, aligning with broader industry trends that have favored advisory and financing services. This result contributed to the firm’s institutional securities business, which generated $7.1 billion in revenue, surpassing expectations by approximately $350 million.

The bank’s investment banking results were among the highlights of its Q2 performance, reflecting continued strength in its advisory and capital markets operations. CEO James Gorman noted in the earnings release that the firm’s transformed business model has contributed to more stable and durable earnings, supporting the decision to double the dividend and announce a $12 billion share buyback program.

As of July 15, 2026, Morgan Stanley’s stock was quoted on the NYSE under the ticker symbol MS, with delayed pricing available for reference. The firm remains a key player in global investment banking, with results that continue to influence investor sentiment and market dynamics.