For the quarter ended September 2026, Morgan Stanley (MS Quick QuoteMS - Free Report) reported revenue of $20.34 billion, up 11.6% over the same period last year. EPS came in at $3.03, compared to $2.80 in the year-ago quarter.

The reported revenue represents a surprise of +3.04% over the Zacks Consensus Estimate of $19.74 billion. With the consensus EPS estimate being $2.83, the EPS surprise was +7.07%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Morgan Stanley performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Book value per common share: $68.59 versus the three-analyst average estimate of $68.61.
• Return on average common equity: 17.8% versus 16.9% estimated by three analysts on average.
• Net revenues- Wealth Management: $9.07 billion compared to the $9.01 billion average estimate based on three analysts. The reported number represents a change of +10.1% year over year.
• Net revenues- Institutional Securities: $10.03 billion compared to the $9.21 billion average estimate based on three analysts. The reported number represents a change of +17.7% year over year.
• Revenues- Institutional securities- Investment banking: $2.16 billion compared to the $2.16 billion average estimate based on three analysts. The reported number represents a change of +2.4% year over year.
• Net revenues- Investment Management: $1.46 billion compared to the $1.47 billion average estimate based on three analysts. The reported number represents a change of -11.6% year over year.
• Revenues- Wealth Management- Net interest income: $2.23 billion compared to the $2.3 billion average estimate based on three analysts. The reported number represents a change of +11.9% year over year.
• Net interest Revenue: $3.25 billion versus the two-analyst average estimate of $2.63 billion. The reported number represents a year-over-year change of +30.5%.
• Revenues- Institutional securities- Other: $60 million compared to the $82.5 million average estimate based on two analysts. The reported number represents a change of -53.9% year over year.
• Revenues- Institutional securities- Sales and trading- Equity: $5.8 billion compared to the $4.51 billion average estimate based on two analysts. The reported number represents a change of +40.9% year over year.
• Revenues- Institutional securities- Sales and Trading- Fixed income: $2.01 billion compared to the $2.16 billion average estimate based on two analysts. The reported number represents a change of -7.3% year over year.
• Revenues- Wealth Management- Asset management: $5.54 billion versus $5.4 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +15.8% change.

View all Key Company Metrics for Morgan Stanley here>>>

Shares of Morgan Stanley have returned -9.5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.