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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“or Bitcoin custody for ETF providers—we announced one recently with Morgan Stanley.”
BNY announced a Bitcoin custody arrangement for ETF providers with Morgan Stanley, a digital-asset partnership.
“Companies like Morgan Stanley and FedEx are leveraging our technology solutions and infusing our Gen AI products into core workflows, and Mastercard is leveraging our technology solutions, including data management platforms, software platforms, and GenAI products and solutions.”
Morgan Stanley is cited as an IBM client infusing IBM's GenAI products into core workflows, a read-through on Morgan Stanley's enterprise AI adoption.
“In January, we launched one of the model series, the Goldman Sachs T. Rowe Price Group, Inc. dynamic ETF portfolio, on the Morgan Stanley platform.”
T. Rowe launched a co-branded dynamic ETF model portfolio on Morgan Stanley's distribution platform, a partner/distribution read-through for MS.
“behind only Sachs, Morgan Stanley, and JPMorgan, and ahead of all the other historically better-known names in the funds industry”
Interactive Brokers benchmarks its prime-brokerage franchise against Morgan Stanley, noting it now ranks #4 by number of hedge funds serviced, just behind Morgan Stanley, evidence of IBKR gaining share against entrenched prime brokers.
“I do think you saw in the press release, dealers that are excited about the launch. We mentioned Morgan Stanley. We mentioned Citi. We mentioned JPMorgan.”
Morgan Stanley is cited as one of the dealers publicly excited about and connecting to CME's newly launched BrokerTec Chicago cash-fixed-income venue.
“Morgan Stanley has dropped their restrictions in which wealth clients can now own crypto funds.”
Morgan Stanley loosened crypto restrictions for wealth clients and underwrote Strategy's Stretch offering, opening its wealth-management channel to Bitcoin-linked products.
“Last week, Morgan Stanley announced the acquisition of EquityZen.”
An analyst notes Morgan Stanley's acquisition of private-markets platform EquityZen while probing Robinhood's own private-markets ambitions.
“they typically own some of like the revenue outperformers like a JP or a Morgan Stanley and such.”
An analyst positions Morgan Stanley alongside JPMorgan as examples of 'revenue outperformer' banks that USB's longer-term shareholder base is more accustomed to owning, questioning whether USB's expense-first message fits that growth-oriented peer set.
“I think Morgan Stanley, they're creating their own net lease funds”
Realty Income names Morgan Stanley among firms building their own net-lease funds, signaling incremental competition in net-lease investing.
“are adding mega-cap bank clients like Morgan Stanley and Goldman Sachs”
Morgan Stanley is cited as a new mega-cap bank client, signaling enterprise financial-services AI adoption on CoreWeave.
“After absorbing the impact of the E-Trade deconversion, recurring revenue grew 4% in constant currency, driven by our governance and capital markets franchises.”
E-Trade (a Morgan Stanley subsidiary) deconverted from Broadridge's platform, creating a revenue headwind that Broadridge is still cycling through this quarter.
“what we're dealing with is competing with very large established banks—Goldman Sachs, Morgan Stanley.”
IBKR's CEO names Morgan Stanley as one of the large, established bulge-bracket banks it competes against for prime brokerage and hedge fund clients.
“We are working with Claude mythos, the beta version”
Morgan Stanley confirms it is deploying Anthropic's Claude model (beta) across its infrastructure, a read-through that MS is an enterprise customer of Anthropic's AI.
“a competitor in the annual report, JPMorgan put out that they are planning to reduce some of the friction on brokerage cash”
An analyst notes JPMorgan signaled plans to reduce friction on brokerage cash, framing a competitive dynamic in wealth cash management that Morgan Stanley is also navigating.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Ebrahim Poonawala | Bank of America | 12 (17%) |
| Glenn Schorr | Evercore ISI | 12 (17%) |
| Devin Ryan | Citizens JMP Securities | 10 (0%) |
| Dan Fannon | Jefferies | 10 (0%) |
| Mike Mayo | Wells Fargo | 10 (30%) |
| Steve Chubak | Wolfe Research | 8 (25%) |
| Erika Najarian | UBS | 5 (0%) |
| Gerard Cassidy | RBC Capital Markets | 5 (0%) |
| Chris McGratty | KBW | 4 (25%) |
| Christian Bolu | Autonomous Research | 4 (25%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 1 | 12 (17%) |
| Evercore ISI | 1 | 12 (17%) |
| Jefferies | 1 | 10 (0%) |
| Wells Fargo | 1 |
“We launched our digital asset pilot through our partnership with Zero Hash, enabling select clients to buy and sell several major digital currencies through eTrade”
Morgan Stanley partnered with crypto-infrastructure provider Zero Hash to power a digital-asset trading pilot for E-TRADE clients, a business win for Zero Hash.
“we also closed our acquisition of Equity Zen”
Morgan Stanley closed its acquisition of private-markets platform Equity Zen to strengthen its private-credit and pre-IPO ecosystem and expand retail access to private offerings.
“we have a special relationship with our partners, MUFG, who own one quarter of the firm”
Morgan Stanley highlights its deep strategic alliance with MUFG, which owns roughly a quarter of the firm and jointly operates Japan securities ventures, a positive read-through for MUFG's stake and collaboration.
“we announced partnership with Zero Hash last year.”
Morgan Stanley partnered with Zero Hash to build out crypto and tokenized-asset capabilities in wealth.
“augmented by our recent acquisition of EquityZen.”
Morgan Stanley recently acquired EquityZen to broaden investor access to private-company shares.
“Our Morgan Stanley work business with its exclusive partnership with Carta positions us as an early trusted adviser to over 50,000 private companies.”
Morgan Stanley's workplace/stock-plan business has an exclusive partnership with Carta reaching over 50,000 private companies.
“We have leading businesses in Japan, to our almost twenty-year joint ventures, with our close partner MUFG, and a world-class business in Hong Kong.”
Morgan Stanley operates nearly twenty-year-old joint ventures in Japan with its close partner MUFG.
“in digital assets through announced partnerships with Zero Hash”
Morgan Stanley announced a partnership with Zero Hash to build out digital-asset ('full wallet') capabilities, a notable enterprise crypto-infrastructure win for Zero Hash.
“our expanded collaboration with Carta in private markets”
Morgan Stanley expanded its partnership with Carta, deepening a referral pipeline that channels private companies onto Morgan Stanley's wealth platform as they move toward the public markets.
“And the relationships that we have with MUFG, what we're doing in India, Greater China, all of that becomes relevant.”
Management cites its strategic alliance with Mitsubishi UFJ Financial Group (MUFG) as part of the global footprint driving Morgan Stanley's Asia equities strength, alongside build-outs in India and Greater China.
| 10 (30%) |
| Citizens JMP Securities | 1 | 10 (0%) |
| Wolfe Research | 1 | 8 (25%) |
| RBC Capital Markets | 1 | 5 (0%) |
| UBS | 1 | 5 (0%) |
Morgan Stanley posted record quarterly revenue of $20.6 billion with record EPS of $3.43 (ex-DVA), as advisory revenue surged with M&A broadening globally and equities delivered another record quarter alongside post-crisis high fixed income results. The firm does not provide formal forward guidance; management highlighted $118 billion in net new assets and $54 billion in fee-based flows, while positioning Asia expansion and the emerging private credit market as incremental growth vectors.
Revenue Growth | Competitive Dynamics | Demand | Capital Allocation | Margin | Macroeconomic | Regulation Policy | Credit | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 3 | 6 | 2 | 2 | 1 | 1 | 1 |
| 2025Q1 | 1 | 7 | 5 | 2 | 1 | 5 | 2 | 3 |
| 2025Q2 | 2 | 2 | 2 | 4 | 1 | 3 | 2 | |
| 2025Q3 | 4 | 4 | 5 | 3 | 2 | 3 | 1 | |
| 2025Q4 | 3 | 2 | 2 | 4 | 1 | |||
| 2026Q1 | 4 | 3 | 4 | 4 | 2 | 2 | 3 | |
| 2026Q2 | 5 | 3 | 2 | 2 | 1 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Revenue Growth | 5 | 1 | 2 | 4 | 3 | 4 | 5 |
| Competitive Dynamics | 3 | 7 | 2 | 4 | 2 | 3 | 3 |
| Demand | 6 | 5 | 2 | 5 | 4 | 2 | |
| Capital Allocation | 2 | 2 | 4 | 3 | 2 | 4 | 2 |
| Margin | 2 | 1 | 2 | 4 | 2 | 1 | |
| Macroeconomic | 1 | 5 | 1 | 3 | 1 | ||
| Regulation Policy | 1 | 2 | 3 | 1 | 1 | 2 | |
| Credit | 1 | 3 | 2 | 3 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
MS Morgan Stanley | 9 | +22.4% | |
| GS The Goldman Sachs Group, Inc. | 9 | +22.9% | |
| HOOD Robinhood Markets, Inc. | 8 | +15.1% | |
| RIOT Riot Platforms, Inc. | 6 | +3.6% | |
| RJF Raymond James Financial | 7 | +12.4% | |
| SCHW Charles Schwab Corporation | 9 | +9.8% |