What does investment management — investment banking mean?

Revenue derived from advisory services, underwriting, and capital raising activities specifically attributed to the Investment Management segment. This reflects the segment's ability to leverage institutional relationships to generate fee-based income outside of traditional asset management.

Morgan Stanley MS Investment Management — Investment banking

Other segment segments

Institutional Securities1

$2.44B+58.2%

Wealth Management1

$224M+17.9%

Similar metrics at other companies

VOYAInvestment Management — Revenue

$240M+1.7%

FRA

FRAFAsset Management Fees — Investment Banking Revenue

$2.19M+9.5%

BOTJInvestment banking

$1.41M+12.6%

VOYAInvestment Management Segment — Noninterest Income

$0—

SFInstitutional Group — Investment Banking Revenue

$335.34M+44.5%

BOTJCommunity Banking — Investment Banking Revenue

$4.75K—

Other financials

Income statement

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Revenue$21.3B+27.1%

Net income$3.2B-9.8%

EPS (diluted)$3.46+62.4%

Balance sheet

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Cash & equivalents$133.53B+47.2%

Total debt$383.16B+13.5%

Total equity$114.29B+7.0%

Total assets$1.68T+23.7%

Cash flow

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Operating cash flow-$7.1B+70.4%

CapEx$754.0M+5.8%

Free cash flow-$7.9B+68.2%

Valuation

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Market cap$359.28B+57.1%

P/E20.2×+4.7×

P/S4.6×+1.1×

Profitability

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Net margin22.8%+0.5pp

FCF margin-54.3%-8.4pp

Returns & leverage

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Return on equity16.4%+2.5pp

Debt / equity3.3×+0.3×

Where this comes from

Reported directly by Morgan Stanley in its filing.

Tagged under the XBRL concept us-gaap:InvestmentBankingRevenue.

The official record: Morgan Stanley’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's investment management — investment banking?: Morgan Stanley (MS) reported investment management — investment banking of $0 in Q1 2026.
What does investment management — investment banking mean?: Revenue derived from advisory services, underwriting, and capital raising activities specifically attributed to the Investment Management segment. This reflects the segment's ability to leverage institutional relationships to generate fee-based income outside of traditional asset management.