Morgan Stanley Q4 Earnings Call Highlights

Management pointed to wealth management as a key driver of the firm’s scale strategy, supported by its financial advisor channel, Workplace, and E*TRADE. Pick said wealth posted more than $350 billion of net new assets in 2025, and the firm highlighted a five-year track record of more than $1.6 trillion in net new assets with a doubling of fee-based flows.Chief Financial Officer Sharon Yeshaya said 2025 produced record revenues of $70.6 billion, with fourth quarter revenue of $17.9 billion. She reported fou ...