Morgan Stanley: 3 Key Takeaways for Long-Term Investors

Morgan Stanley reported Q3 2026 earnings with $20.3 billion in firmwide revenue and $10.5 trillion in client assets. The company highlighted three key strengths: a durable asset growth funnel from its E*TRADE acquisition that added $2 trillion in net new assets over six years, strategic positioning in AI advisory services with $1 trillion in annual hyperscaler capital expenditure, and a strong balance sheet with 300 basis points of excess regulatory capital providing operational flexibility.