Morgan Stanley (NYSE:MS) Q4 2025 Earnings call January 15, 2026 08:30 AM ET Company ParticipantsTed Pick - Chairman and CEODevin Ryan - Managing Director and Director of Financial Technology ResearchChris McGratty - Managing Director and Head of U.S. Bank ResearchNone - Company RepresentativeMike Mayo - Managing Director and Head of U.S. Large-Cap Bank ResearchErica Najarian - Managing Director and Head of Americas Financial Sector ResearchConference Call ParticipantsSteven Chubak - Managing Director and Se ...

Financial Performance & Goals - Morgan Stanley achieved a Return on Tangible Common Equity (ROTCE) of 21.6%[9] - The firm's Earnings per Share (EPS) reached $10.21[9] - Total Client Assets amounted to $9.3 Trillion[9] - The firm is targeting $10 Trillion+ in Client Assets[19, 57] - The firm is targeting a ROTCE of 20%[19, 57] Wealth Management - Wealth Management's Pre-Tax Margin is targeted at 30%[19, 57] - Wealth Management's net revenues increased from $19 Billion in 2020 to $32 Billion in 2025[26] - Fee-Based Flows in Wealth Management were approximately $735 Billion from 2021-2025, compared to approximately $330 Billion from 2016-2020[26] - Net New Assets in Wealth Management were approximately $1.64 Trillion from 2021-2025, compared to approximately $580 Billion from 2016-2020[26] Institutional Securities & Investment Management - Institutional Securities Wallet Share increased from approximately 14.3% in 2020 to approximately 15.5% in 2025[16]