Recent Insider Transactions • Apr 20
Co-President recently sold €8.3m worth of stock On the 16th of April, Andrew Saperstein sold around 52k shares on-market at roughly €160 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €23m. Duyuru • Apr 17
Morgan Stanley announces Quarterly dividend, payable on May 15, 2026 Morgan Stanley announced Quarterly dividend of USD 1.0000 per share payable on May 15, 2026, ex-date on April 30, 2026 and record date on April 30, 2026. Reported Earnings • Apr 16
First quarter 2026 earnings released: EPS: US$3.47 (vs US$2.62 in 1Q 2025) First quarter 2026 results: EPS: US$3.47 (up from US$2.62 in 1Q 2025). Revenue: US$20.5b (up 16% from 1Q 2025). Net income: US$5.41b (up 30% from 1Q 2025). Profit margin: 26% (up from 24% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.0% decline forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 26% per year whereas the company’s share price has increased by 24% per year. Duyuru • Apr 04
Morgan Stanley, Annual General Meeting, May 14, 2026 Morgan Stanley, Annual General Meeting, May 14, 2026. Reported Earnings • Feb 22
Full year 2025 earnings released: EPS: US$10.32 (vs US$8.05 in FY 2024) Full year 2025 results: EPS: US$10.32 (up from US$8.05 in FY 2024). Revenue: US$70.3b (up 14% from FY 2024). Net income: US$16.2b (up 27% from FY 2024). Profit margin: 23% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 17% per year. Duyuru • Feb 20
Morgan Stanley to Report Q4, 2026 Results on Jan 14, 2027 Morgan Stanley announced that they will report Q4, 2026 results at 7:30 AM, US Eastern Standard Time on Jan 14, 2027 New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (5.1% average weekly change). Significant insider selling over the past 3 months (€21m sold). Recent Insider Transactions • Feb 01
Co-President recently sold €5.1m worth of stock On the 30th of January, Daniel Simkowitz sold around 33k shares on-market at roughly €154 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Daniel has been a net seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • Jan 23
Co-President recently sold €4.7m worth of stock On the 20th of January, Andrew Saperstein sold around 30k shares on-market at roughly €156 per share. This transaction amounted to 9.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €14m. Andrew has been a net seller over the last 12 months, reducing personal holdings by €14m. Declared Dividend • Jan 18
Fourth quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 29th January 2026 Payment date: 13th February 2026 Dividend yield will be 2.1%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (38% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 16
Full year 2025 earnings released: EPS: US$10.32 (vs US$8.05 in FY 2024) Full year 2025 results: EPS: US$10.32 (up from US$8.05 in FY 2024). Revenue: US$70.3b (up 14% from FY 2024). Net income: US$16.2b (up 27% from FY 2024). Profit margin: 23% (up from 21% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 22% per year whereas the company’s share price has increased by 24% per year. Duyuru • Jan 09
Morgan Stanley Announces Managing Directors Appointments Morgan Stanley has announced the appointment of 184 Managing Directors. The new Managing Directors are: Sahil Aggarwal; Jason B. Lynch; Meg Angeles-Dayrit; Jon Mace; Lauren Ares; Paul Madenjian; Sara Banelli; Dave Magoloff; Arjun Bathla; Anthony Maiorano; Michael Beilstein; Steven Markarian; Aditya Bhatla; Paolo Mattiello; Carolee Boles; Lyndal May; Gilbert Borrmann; Kelly McCarthy; William Boyle; Cameron McCarthy; Eric Bradbury; Eric McConnell; Lucy Callaghan; Michael McGillen; Gerard Campbell; James McNichol; Alessandro Caruso; Carien Meintjes; Todd Castagno; Yosuke Morikawa; Nicole Castellano; James Morphis; Sidharth Chaturvedi; Roly Morris; Eric Cheung; Daniel Murphy; Elitza Christoff; Rob Murray III; Elizabeth Cioffi; Neelesh Nath; Dan Codreanu; Anuradha Nath; Madhu Coimbatore; Nick Nocito; Tristan Collier; Michael O’Byrne; Tom Cresswell; Tim O’Connor; Meredith Curley Shaw; Takamasa Ochi; Nicole De Bello; Jeannie Oen; Patrick Deane; Johan Olofsson; Paolo Della Rovere; Hilary Ann O'Neill; Tara Denley; Jim Paolillo; Ronke Desalu-Dottin; Vishwas Patkar; Dominick DiMeo; Ricardo Penades Ruiz; Tommaso Dondi; Seth A. Perlman; Michael Dong; Andre Hassin Pinto; Etim E. Edim; Ethan Plater; Dana Erdfarb; David Pringle; Omer Erkovan; Monica Qin; Michael Escott; Jami Badr Quraishi; Joseph Esposito; Akhilesh Raina; Diogo Fagliari; Joshua Reichert; Andrew Farmer; Ricardo Rivera Saad; Simon Ferguson; Anthony Rizzi; Ted Finan; Jennifer Robertson; Kevin M. Fitzpatrick; Joanna Rogowska; Takayuki Furukawa; Nick Romero; Alain Gabriel; Rich Rooney; Catherine Gagnon; Eric Rosenblum; Pilar Garicano; Tanmay Sachan; Adam Gaspar; Kathleen Salvaty; Nishant Gaurav; Akshat Sarwal; Shailesh Gavankar; Thomas Scallon; Ziad Gemayel; David Schoenfeld; Nicholas George; Utkarsh Sharma; Salvatore Giglio; Brian Shaw; Alfonso Gomez-Acebo Lopez; Bert Shen; Juan Gonzalez Paris; Amol Shukla; Casey Gough; D. Rajeev Sibal; Mary Walker Goza; Ariane Silva; Venkat Guduru; Silky Singh; Ben Hamdani; Bart Sitarz; Christopher O. Hathaway; Meredith Skowronski; David Herssein; Alex Smart; Tim Hisao; Brian C. Smith; Kyle Holder; Ian Stuart; Diane Hollinger; Kyle Sultzer; Carol Hu Lucero; Ning Sun; Amy R. Husseini; Steve Sun; Olivier Jacque; Greg Tarca; Saba Jafri; Shaan Tehal; Shubham Jain; Riccardo Tessari; Mariel Jenkins Taylor Phil Torrisi; Mark Jones; Brietta Tsang; Kenneth Judy; Brian Turkfeld; Stacey Juliano; Iris van Heerdt; Shamil Karia; Alexander van Holk; Amr Karim; Hector Vazquez; Sean Keresey; Krithika Venkat; Hilal Khan; Thiru Venkatachalam; Phillip P. Kim; Maya Venkatraman; Erin M. Korte; Liensa Vidra; Rishi Kripalani; Elrika Vlok; Marc Krupinski; Dessi Volpicelli; Ken Lahav; Minoo F. Wade; Kristine Larracas; Fenix Wang; Boris Lerner; Neil Ward; Yanny Leung; Sean M. Waters; Melissa Levine; Andrew Willersdorf; Richard R. Lindquist; Peter Wilson; Andrew Lipton; Austin Zeigler; Kristine T. Liwag; Shuai Zhang; Franco A. Lofaro; Eva L. Zhong; Hilda Loong; Mario A. Zillner; Andrew Lunney; Anna Zou. Buy Or Sell Opportunity • Jan 05
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to €160. The fair value is estimated to be €132, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.3% per annum. Earnings are also forecast to grow by 5.5% per annum over the same time period. Buy Or Sell Opportunity • Nov 27
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €146. The fair value is estimated to be €121, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 5.4% per annum over the same time period. Buy Or Sell Opportunity • Nov 11
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 14% to €143. The fair value is estimated to be €119, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.5% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 5.3% per annum over the same time period. Recent Insider Transactions • Nov 02
CEO & Chairman of the Board recently sold €14m worth of stock On the 31st of October, Edward Pick sold around 100k shares on-market at roughly €142 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. Reported Earnings • Oct 15
Second quarter 2025 earnings released: EPS: US$2.15 (vs US$1.85 in 2Q 2024) Second quarter 2025 results: EPS: US$2.15 (up from US$1.85 in 2Q 2024). Revenue: US$16.6b (up 11% from 2Q 2024). Net income: US$3.39b (up 15% from 2Q 2024). Profit margin: 20% (in line with 2Q 2024). Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 2.3% decline forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 15
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 17% to €141. The fair value is estimated to be €115, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 5.1% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Buy Or Sell Opportunity • Aug 12
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to €126. The fair value is estimated to be €104, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years. Earnings per share has grown by 8.8%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 5.8% per annum over the same time period. Declared Dividend • Jul 23
Second quarter dividend of US$1.00 announced Shareholders will receive a dividend of US$1.00. Ex-date: 30th July 2025 Payment date: 15th August 2025 Dividend yield will be 3.0%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (42% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 26% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jul 21
E*Trade from Morgan Stanley Raises the Bar for Active Trader Experience with New Desktop Platform: Power E*Trade Pro ETRADE from Morgan Stanley announced the launch of Power ETRADE Pro. The new desktop platform is designed to meet the discerning needs of active traders, offering a high level of customization, along with sophisticated tools powered by an advanced modern architecture. Key features of Power E-TRADE Pro: Customization with Multi-Monitor Support: Traders can create up to six custom workspaces, each with up to 20 tools, allowing for a total of 120 charts across multiple monitors and a highly configurable trading setup. Sophisticated Trading Tools: Streamlined tools for complex equity, options and futures traders including customizable options chains, market screeners and scanners, and trading futures using multiple ladders. With deep market intelligence, traders get a robust view of market depth with Level II quotes on stocks, options, and ETFs. Advanced Charting and Technical Analysis: Arrange countless charts to easily compare data across multiple time frames, asset classes, and markets. 120+ technical studies and 30+ drawing tools are available, plus automatically identify and draw technical patterns. Link tool windows. With linking, traders can seamlessly display the same symbol across tools and views all with the click of a mouse. Power ETRADE Pro builds on ETRADE's legacy of capabilities and rounds out its active trader offerings with its #1 ranked web-trading platform--Power ETRADE--and best in class companion mobile app. The launch comes on the heels of pronounced retail investor engagement--Morgan Stanley reported a 26% year-over-year increase in self-directed daily average revenue trades as of June 30, 20252. ETRADE serves as one of three core client channels within Morgan Stanley Wealth Management, spanning Advisor-led, workplace, and retail investing and trading, enabling the business to serve clients across all segments and life stages. Recent Insider Transactions • Jul 20
Co-President recently sold €5.3m worth of stock On the 17th of July, Andrew Saperstein sold around 44k shares on-market at roughly €122 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €14m. Duyuru • Jul 18
Morgan Stanley announces Quarterly dividend, payable on August 15, 2025 Morgan Stanley announced Quarterly dividend of USD 1.0000 per share payable on August 15, 2025, ex-date on July 31, 2025 and record date on July 31, 2025. Reported Earnings • Jul 17
Second quarter 2025 earnings released: EPS: US$2.15 (vs US$1.85 in 2Q 2024) Second quarter 2025 results: EPS: US$2.15 (up from US$1.85 in 2Q 2024). Revenue: US$16.6b (up 11% from 2Q 2024). Net income: US$3.39b (up 15% from 2Q 2024). Profit margin: 20% (in line with 2Q 2024). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.4% decline forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jun 18
Morgan Stanley Elects Lynn Good to the Board of Directors and to Serve on Audit Committee, Effective July 18, 2025 Morgan Stanley announced that Lynn Good has been elected to the Company’s Board of Directors, effective July 18, 2025. Ms. Good, 66, is the former Chair, CEO and President of Duke Energy. Her appointment will bring Morgan Stanley’s Board of Directors to 15 members. She will serve on the Board’s Audit Committee. As the former Chair and CEO of Duke Energy, she brings valuable strategic and management experience to the team. Lynn also has a thorough understanding of accounting and financial reporting matters. She will be a strong addition to the company's Board and the Firm will benefit enormously from her expertise and knowledge. Lynn Good served as Chair, CEO and President of Duke Energy Corporation (Duke Energy) from January 2016 to April 2025, and as Vice Chair, CEO and President of Duke Energy from July 2013 to December 2015. Prior to being appointed CEO, she served in a variety of other executive positions at Duke Energy, including as Executive Vice President and CFO from July 2009 to June 2013. Prior to Cinergy Corporation’s (Cinergy) merger with Duke Energy, Ms. Good served as Executive Vice President and CFO of Cinergy in 2006 and as Vice President, Controller and Chief Compliance Officer from 2003 to 2005. Ms. Good also has extensive accounting and auditing experience, having served as Audit Partner at Deloitte & Touche LLP from 2002 to 2003 and as Audit Partner at Arthur Andersen LLP (Arthur Andersen) from 1992 to 2002. She joined Arthur Andersen in 1981 and held positions in the audit and risk consulting practice before becoming an Audit Partner. Ms. Good has been a member of the board of directors of The Boeing Company (Boeing) since 2015, including serving as Chair of Boeing’s Compensation Committee and a member of Boeing’s Audit Committee. She also serves on the Feigen Advisors LLC Advisory Board. Ms. Good holds bachelor’s degrees from Miami University. Recent Insider Transactions • May 13
Co-President recently sold €3.3m worth of stock On the 12th of May, Daniel Simkowitz sold around 29k shares on-market at roughly €115 per share. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.2m. Daniel has been a net seller over the last 12 months, reducing personal holdings by €12m. Recent Insider Transactions • May 05
Co-President recently sold €4.2m worth of stock On the 2nd of May, Andrew Saperstein sold around 40k shares on-market at roughly €106 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €8.3m. Duyuru • Apr 25
Morgan Stanley Reportedly to Sell Final $1.23 Billion of X Buyout Debt Morgan Stanley (NYSE:MS) launched a pivotal sale of the last bit of debt tied to Elon Musk’s buyout of social-media platform X Holdings Corp. on April 24, 2025, according to a person familiar with the matter, taking advantage of a brief reprieve from tariff-related volatility. The bank is offering $1.23 billion of X debt in the form of a fixed-rate loan that carries an interest rate of 9.5% at a discounted price of 97.5 to 98 cents on the dollar, according to the person, who asked not to be identified discussing a private transaction. Commitments are due April 28. The loan launch comes after a volatile time in markets related to sweeping tariffs that the Trump administration first unveiled on April 2. The plan initially shut down new offerings in leveraged finance, but as global trade policies - and the expected economic impacts - have shifted, banks and borrowers have begun seizing on better conditions over the past week or so to distribute debt. For instance, on April 23, 2025, banks upsized a junk-debt deal supporting QXO Inc.’s acquisition of Beacon Roofing Supply Inc. after exuberant investor demand. The sale also marks the final step of a years-long process to sell X debt to investors, after banks led by Morgan Stanley got stuck holding roughly $13 billion in financing from Musk’s 2022 purchase of what was then called Twitter Inc. Though the lenders had planned to sell it immediately after the deal closed, investors balked due to the hefty price tag and concerns that Musk’s changes to the platform’s content-moderation policies would drive away advertisers. Sentiment changed this year, due in large part to Musk’s relationship with President Donald Trump. The deal Morgan Stanley launched on April 24, 2025 will increase the size of an existing loan that the banks sold in February. That loan is trading close to par, according to Bloomberg-compiled data, holding up relatively well throughout the recent market volatility. Declared Dividend • Apr 16
First quarter dividend of US$0.93 announced Shareholders will receive a dividend of US$0.93. Ex-date: 29th April 2025 Payment date: 15th May 2025 Dividend yield will be 3.6%, which is lower than the industry average of 4.6%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Apr 13
Morgan Stanley Reports Net Charge Offs for the First Quarter Ended March 31, 2025 Morgan Stanley reported Net Charge Offs for the first quarter ended March 31, 2025. The company's net charge offs were $23 million. Reported Earnings • Apr 13
First quarter 2025 earnings released: EPS: US$2.62 (vs US$2.04 in 1Q 2024) First quarter 2025 results: EPS: US$2.62 (up from US$2.04 in 1Q 2024). Revenue: US$17.6b (up 16% from 1Q 2024). Net income: US$4.16b (up 27% from 1Q 2024). Profit margin: 24% (up from 22% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Capital Markets industry in Italy. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 6% per year. Duyuru • Apr 11
Morgan Stanley Declares Quarterly Dividend, Payable on May 15, 2025 Morgan Stanley declared a $0.925 quarterly dividend per share, payable on May 15, 2025 to common shareholders of record on April 30, 2025. Duyuru • Apr 07
Morgan Stanley, Annual General Meeting, May 15, 2025 Morgan Stanley, Annual General Meeting, May 15, 2025.