Revenue
Investment banking fees
Morgan Stanley Investment banking fees decreased by 11.2% to $2.29B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 33.8%, from $1.71B to $2.29B. Over 4 years (FY 2021 to FY 2025), Investment banking fees shows a downward trend with a -7.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityVolatile
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase suggests strong deal flow and market confidence, while a decrease may indicate a slowdown in corporate activity.
Detailed definition
This metric represents revenue generated from advisory services, underwriting of equity and debt securities, and corpora...
Peer comparison
Standard across investment banks; peers include Morgan Stanley and JPMorgan.
Metric ID:
jpm_investment_banking_feesHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.56B | $3.01B | $2.58B | $1.76B | $1.15B | $1.37B | $1.32B | $1.33B | $1.16B | $1.05B | $1.42B | $1.59B | $1.74B | $1.59B | $1.79B | $1.71B | $1.64B | $2.27B | $2.58B | $2.29B |
| QoQ Change | — | +17.7% | -14.3% | -31.9% | -34.6% | +19.4% | -4.0% | +0.9% | -13.2% | -9.3% | +35.0% | +12.3% | +9.2% | -8.4% | +12.6% | -4.5% | -3.9% | +37.8% | +13.8% | -11.2% |
| YoY Change | — | — | — | — | -55.1% | -54.4% | -48.9% | -24.3% | +0.4% | -23.7% | +7.4% | +19.5% | +50.2% | +51.7% | +26.6% | +7.7% | -5.2% | +42.5% | +43.9% | +33.8% |
Range$1.05B – $3.01B
CAGR-2.3%
Avg YoY Growth+4.5%
Median YoY Growth+7.5%
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Institutional Securities1 | $1.62B | $1.46B | $1.64B | $1.56B | $1.54B | $2.11B | $2.41B | $2.12B |
| Wealth Management1 | $150.00M | $167.00M | — | $190.00M | $143.00M | $204.00M | — | $224.00M |
| Investment Management | $0.00 | $0.00 | — | $0.00 | $0.00 | $0.00 | — | $0.00 |
| Total | $1.74B | $1.59B | $1.79B | $1.71B | $1.64B | $2.27B | $2.58B | $2.29B |
Investment banking fees at Other Companies
Frequently Asked Questions
- What is Morgan Stanley's investment banking fees?
- Morgan Stanley (MS) reported investment banking fees of $2.29B in Q1 2026.
- How has Morgan Stanley's investment banking fees changed year-over-year?
- Morgan Stanley's investment banking fees increased by 33.8% year-over-year, from $1.71B to $2.29B.
- What is the long-term trend for Morgan Stanley's investment banking fees?
- Over 4 years (2021 to 2025), Morgan Stanley's investment banking fees has grown at a -7.1% compound annual growth rate (CAGR), from $10.99B to $8.20B.
- What does investment banking fees mean?
- Revenue earned from helping companies raise capital and execute mergers and acquisitions.