Discontinued — last reported Q2 '24
Morgan Stanley Trading Assets Pledged increased by 6.9% to $213.27B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 43.2%, from $148.95B to $213.27B. Over 4 years (FY 2021 to FY 2025), Trading Assets Pledged shows an upward trend with a 19.6% CAGR.
An increase suggests higher reliance on secured financing, while a decrease indicates reduced collateral requirements or higher unencumbered liquidity.
This represents trading assets that have been transferred to counterparties as collateral for secured borrowing or other...
Common in investment banking; peers report this as part of their collateral management and financing disclosures.
trading_assets_pledged| 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 | $104.19B | $107.20B | $96.89B | $100.71B | $124.41B | $127.21B | $123.71B | $137.50B | $162.70B | $148.19B | $161.80B | $150.70B | $148.95B | $203.12B | $219.77B | $199.43B | $213.27B |
| QoQ Change | — | +2.9% | -9.6% | +3.9% | +23.5% | +2.2% | -2.8% | +11.2% | +18.3% | -8.9% | +9.2% | -6.9% | -1.2% | +36.4% | +8.2% | -9.3% | +6.9% |
| YoY Change | — | — | — | — | +19.4% | +18.7% | +27.7% | +36.5% | +30.8% | +16.5% | +30.8% | +9.6% | -8.5% | +37.1% | +35.8% | +32.3% | +43.2% |