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Morgan Stanley MS Institutional Securities1 — Commissions and fees

Other segment segments

Wealth Management1
$783M+12.7%
Investment Management
$0

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SFInstitutional Group — Brokerage Commissions Revenue
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$128.34M+15.7%
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PIPRInstitutional brokerage
$110.85M+8.8%
Shore Bancshares logo
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$1.14M+38.2%
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SIEBRevenue From Commissions And Fees
$2.33M+10.6%
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JEFCommissions and other fees — Revenue
$400.61M+13.4%

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:BrokerageCommissionsRevenue.

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 institutional securities1 — commissions and fees?
Morgan Stanley (MS) reported institutional securities1 — commissions and fees of $1.01B in Q1 2026.
How has Morgan Stanley's institutional securities1 — commissions and fees changed year-over-year?
Morgan Stanley's institutional securities1 — commissions and fees increased by 15.7% year-over-year, from $869M to $1.01B.
What is the long-term trend for Morgan Stanley's institutional securities1 — commissions and fees?
Over 4 years (2021 to 2025), Morgan Stanley's institutional securities1 — commissions and fees has grown at a 3.5% compound annual growth rate (CAGR), from $2.88B to $3.3B.
What does institutional securities1 — commissions and fees mean?
Revenue earned from executing client trades and providing brokerage services. This is a recurring, volume-driven revenue stream tied to client activity levels in secondary markets.