Quick Answer
Morgan Stanley reported record 2025 net revenues of $70.645B and net income of $16.861B. The firm is led by Ted Pick and operates Institutional Securities, Wealth Management, and Investment Management businesses.
Business Model
Morgan Stanley earns revenue from investment banking, trading, wealth management fees, brokerage, lending, net interest income, workplace stock-plan services, and investment management.
Competitive Position
Morgan Stanley competes with Goldman Sachs, JPMorgan Chase, Bank of America, Charles Schwab, BlackRock, and UBS by linking Wall Street capital markets with a large wealth platform.
