Institutional Securities — Investment banking
Business Segments · Investment bankingMorgan Stanley Institutional Securities — Investment banking increased by 14.4% to $2.41B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 47.0%, from $1.64B to $2.41B. Over 4 years (FY 2021 to FY 2025), Institutional Securities — Investment banking shows a downward trend with a -7.2% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong corporate deal-making activity and successful client acquisition, while a decrease may indicate a slowdown in capital markets.
Detailed definition
Revenue generated from advisory services, underwriting, and capital raising activities for corporate and institutional c...
Peer comparison
Standard across all major investment banks under Investment Banking or Advisory revenue lines.
ms_segment_is_investment_bankingHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.38B | $2.85B | $2.43B | $1.63B | $1.07B | $1.28B | $1.25B | $1.25B | $1.08B | $938.00M | $1.32B | $1.45B | $1.62B | $1.46B | $1.64B | $1.56B | $1.54B | $2.11B | $2.41B |
| QoQ Change | — | +19.9% | -14.6% | -32.9% | -34.4% | +19.1% | -2.0% | -0.4% | -13.8% | -12.7% | +40.5% | +9.8% | +11.9% | -9.6% | +12.2% | -5.0% | -1.2% | +36.9% | +14.4% |
| YoY Change | — | — | — | — | -54.9% | -55.2% | -48.6% | -23.7% | +0.3% | -26.5% | +5.3% | +16.0% | +50.6% | +56.0% | +24.5% | +7.7% | -4.9% | +44.1% | +47.0% |
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Frequently Asked Questions
- What is Morgan Stanley's institutional securities — investment banking?
- Morgan Stanley (MS) reported institutional securities — investment banking of $2.41B in Q4 2025.
- How has Morgan Stanley's institutional securities — investment banking changed year-over-year?
- Morgan Stanley's institutional securities — investment banking increased by 47.0% year-over-year, from $1.64B to $2.41B.
- What is the long-term trend for Morgan Stanley's institutional securities — investment banking?
- Over 4 years (2021 to 2025), Morgan Stanley's institutional securities — investment banking has grown at a -7.2% compound annual growth rate (CAGR), from $10.27B to $7.62B.
- What does institutional securities — investment banking mean?
- Revenue earned from helping companies raise capital and execute mergers and acquisitions.