Wall Street investment bank Morgan Stanley (MS) has reported fourth quarter 2025 financial results that surpassed the consensus expectations of analysts.
The firm posted earnings per share (EPS) of $2.68 U.S., which was ahead of the $2.44 U.S. forecast on Wall Street.
Revenue in the October through December quarter totaled $17.89 billion U.S., which topped the $17.77 billion U.S. consensus view of analysts.
The bank said that strong revenues from its wealth management unit largely drove the Q4 results.
The wealth management division posted $8.4 billion U.S. in revenue for the most recent quarter, up from $7.5 billion U.S. a year earlier.
For all of 2025, Morgan Stanley’s wealth management unit generated a record $31.8 billion U.S. in revenue.
Management at Morgan Stanley said the investment bank also got a lift in Q4 from robust stock trading as the market boom continues.
At the same time, dealmaking on Wall Street has gathered steam over the past year as the number of mergers and acquisitions (M&A) and initial public offerings (IPOs) increases.
MS stock has gained 39% over the last 12 months to trade at $180.78 U.S. a share.
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