Financial Services · NYSE/NASDAQ: MS
MORGAN STANLEY
Capital Markets
Market Cap $343.82B
Verdict: High
Quality Scores
Multi-Bagger
74/100
Compounder Quality
86/100
Management Credibility
91/100
Governance
92/100
Cash Flow Quality
65/100
AI Summary
Morgan Stanley has undergone a massive structural transformation over the last decade, evolving from a volatile investment bank into a diversified wealth and asset management powerhouse. The acquisition of E*TRADE and Eaton Vance has stabilized earnings and improved the return on equity profile. Net income has scaled significantly from $1.67B in 2016 to over $16.8B in 2025, representing an approximately 10x growth in decade-level profitability. While total assets have expanded to $1.42T, the firm maintains a robust equity base of $111.6B. The shift towards fee-based revenue streams provides a…
Top Opportunities
- Successful pivot to recurring Wealth Management revenue
- Robust Net Income CAGR over the 10-year period
- Scale benefits from E-Trade and Eaton Vance acquisitions
Top Risks
- Extremely volatile Operating Cash Flows (CFO)
- High sensitivity to global interest rate cycles
- Significant regulatory oversight and compliance costs
Latest report: Read the annual report summary →
Unlock the full report
Full sections, financial charts, AI chat and PDF export are available with Premium.