Morgan Stanley beats Q3 estimates as equities trading revenue surges

Source Summary

Morgan Stanley reported third-quarter results that exceeded analyst expectations on both revenue and earnings. Equities trading revenue beat forecasts by $909 million, driving the outperformance.

Why it matters

Strong equities trading revenue indicates robust capital markets activity and client demand, signaling financial sector health during the quarter.

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NYSE:MSLive chart

Trading trends

The chart totals every SEC-reported transaction by month and share count, separating informative purchases and sales from non-informative awards, vesting, exercises, tax withholding and transfers. Records without a reported price remain included. Only informative purchases and sales affect the conservative sentiment signal.

Recent SEC-reported share and derivative transactions in MORGAN STANLEY.

Insider activity sentiment

Bearish

BearishNeutralBullish

0 discretionary purchases · 3 discretionary sales

Confidence: Medium

Informative buyNon-informative buyInformative sellNon-informative sell

Insiders	Activity	Description	Shares	Avg. price / share	Est. value	Trade date
10% OwnerMITSUBISHI UFJ FINANCIAL GROUP INC	Non-informative sell	Common StockDisposition back to the issuer (D)	1,340,519	—	—	Sep 22, 2026
See RemarksMORGAN STANLEY	Non-informative sell	Auction Preferred StockOther SEC-reported transaction (J)	94	—	—	Sep 15, 2026
10% OwnerMITSUBISHI UFJ FINANCIAL GROUP INC	Non-informative sell	Common StockDisposition back to the issuer (D)	414,396	—	—	Jul 30, 2026
DirectorSCHAPIRO MARY L	Informative sell	Common StockOpen-market or private transaction (S)	1,000	$212.055	$212,055	Jul 28, 2026
DirectorSCHAPIRO MARY L	Non-informative sell	Common StockGift or transfer (G)	2,325	—	—	Jul 28, 2026

As filed with the SEC. Estimated value is shown only for purchases or sales with a positive reported transaction price; awards, gifts and similar activity are not assigned an assumed market value. Amendments may change the record. This is not investment advice.

Short interest

Open short positions reported twice monthly; this is not daily short-sale volume.

Earnings

Recent reported earnings per share compared with the analyst consensus available from Nasdaq.

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Owner	Activity	Change	Shares held	Value (thousands)	Reported
Mitsubishi Ufj Financial Group Inc	Unchanged	0 (0%)	377,085,167	$71,653,723	6/30/2026
Vanguard Group Inc	Buy	1,361,940 (1.151%)	119,718,100	$22,748,833	12/31/2025
State Street Corp	Sell	-1,779,379 (-1.756%)	99,560,815	$18,918,546	6/30/2026
Blackrock, Inc.	Sell	-1,497,269 (-1.553%)	94,899,620	$18,032,826	6/30/2026
Vanguard Capital Management Llc	Sell	-14,491 (-0.019%)	77,700,641	$14,764,676	6/30/2026
Jpmorgan Chase & Co	Buy	785,198 (1.802%)	44,363,477	$8,429,948	6/30/2026
Vanguard Portfolio Management Llc	Sell	-37,573 (-0.124%)	30,203,228	$5,739,217	6/30/2026
Geode Capital Management, Llc	Sell	-356,347 (-1.286%)	27,346,327	$5,196,349	6/30/2026
Fisher Asset Management, Llc	Buy	572,927 (2.238%)	26,172,995	$4,973,393	6/30/2026
Fmr Llc	Buy	2,173,964 (9.564%)	24,903,987	$4,732,256	6/30/2026
Price T Rowe Associates Inc /Md/	Buy	2,232,093 (13.119%)	19,246,850	$3,657,286	6/30/2026
Capital Research Global Investors	Sell	-2,200,114 (-10.854%)	18,070,606	$3,433,777	6/30/2026

Settlement date	Short interest	Avg. daily volume	Change vs. previous report	Days to cover
Sep 30, 2026	14,606,885	5,555,990	-0.59%	2.63
Sep 15, 2026	14,693,087	4,551,617	-1.09%	3.23
Aug 31, 2026	14,854,574	3,931,855	+6.92%	3.78
Aug 14, 2026	13,893,636	4,545,693	+4.09%	3.06
Jul 31, 2026	13,347,497	5,999,143	-22.51%	2.22
Jul 15, 2026	17,224,493	5,493,832	-2.61%	3.14
Jun 30, 2026	17,686,436	7,181,220	-1.30%	2.46
Jun 15, 2026	17,919,619	5,901,275	-1.96%	3.04

Fiscal quarter	Reported	EPS	Consensus	Surprise
Jun 2026	Jul 15, 2026	3.46	2.89	+19.72%
Mar 2026	Apr 15, 2026	3.43	3.06	+12.09%
Dec 2025	Jan 15, 2026	2.68	2.41	+11.2%
Sep 2025	Oct 15, 2025	2.80	2.08	+34.62%

Source Summary

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Insider activity sentiment

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Insider activity sentiment

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