Morgan Stanley had a great third quarter, making a lot of money from stocks and seeing record amounts of cash coming in.

Oct 15, 2026, 1:04 PM ETResultsRead the original at Benzinga

Good for MS

Morgan Stanley's profit per share beat forecasts, and stock trading, advice work, and wealth fees grew, with record wealth flows. Revenue fell 5% from the prior quarter, and an analyst cut the target price, but strength across its businesses supports a stronger outlook.

MS · Morgan Stanley

AI read · Good for MS

The AI's read

That matters because Morgan Stanley earns money from both deal-making and managing customers' money. Growth in stock trading, advice work, and wealth fees shows strength across these businesses. Record wealth flows may also support future fees. Revenue fell from an unusually strong second quarter, and one analyst cut a target price. Still, growth across the businesses and a more positive view of 2027 interest income support a stronger outlook.

GS · Goldman Sachs

AI read · Neutral

The connection

Goldman Sachs appears only in a comparison of quarterly results. The story gives no Goldman business results or new company-specific information, so it does not change its outlook.

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