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Morgan Stanley MS Wealth Management1 — Noninterest Expense

Other segment segments

Institutional Securities1
$6.71B+25.0%
Investment Management
$1.24B+1.1%

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$1.47M+10.4%

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:NoninterestExpense.

The official record: Morgan Stanley’s 8-K, filed July 15, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Morgan Stanley's wealth management1 — noninterest expense?
Morgan Stanley (MS) reported wealth management1 — noninterest expense of $6.13B in Q2 2026.
How has Morgan Stanley's wealth management1 — noninterest expense changed year-over-year?
Morgan Stanley's wealth management1 — noninterest expense increased by 10.8% year-over-year, from $5.54B to $6.13B.
What is the long-term trend for Morgan Stanley's wealth management1 — noninterest expense?
Over 4 years (2021 to 2025), Morgan Stanley's wealth management1 — noninterest expense has grown at a 5.6% compound annual growth rate (CAGR), from $18.05B to $22.41B.
What does wealth management1 — noninterest expense mean?
This is the total of all operating expenses for the Wealth Management segment, including both compensation and non-compensation costs. It represents the total cost base required to run the segment's operations. Monitoring this metric helps investors assess the firm's ability to control costs relative to its revenue growth.