Financial services company Morgan Stanley has reported net revenues of $16.8bn for the second quarter (Q2) ending 30 June 2025, an increase from $15bn in the same quarter of the previous year.

The net income applicable to Morgan Stanley reached $3.5bn, translating to $2.13 per diluted share, compared to $3.1bn or $1.82 per diluted share in the prior year’s quarter.

The wealth management division generated net revenues of $7.8bn, up from $6.8bn a year earlier, with a pre-tax income of $2.2bn, resulting in a pre-tax margin of 28.3%.

The investment management segment reported net revenues of $1.6bn, an increase from $1.4bn in the previous year, with pre-tax income rising to $323m from $222m.

Institutional securities also saw growth, with net revenues of $7.6bn compared to $7bn a year ago, and pre-tax income increasing to $2.1bn from $2bn.

Morgan Stanley chairman and CEO Ted Pick said: “Morgan Stanley delivered another strong quarter. Six sequential quarters of consistent earnings – $2.02, $1.82, $1.88, $2.22, $2.60 and $2.13 – reflect higher levels of performance in different market environments.

“Institutional securities saw strength and balance across businesses and geographies. Wealth continues to deliver, adding $59bn of net new assets and $43bn of fee-based flows.”

During the quarter, the firm repurchased $1bn of its common stock as part of its share repurchase programme.

Additionally, the board of directors has reauthorised a multi-year common equity share repurchase programme of up to $20bn, which will commence in the third quarter of 2025 and does not have a set expiration date.

In November 2024, Morgan Stanley launched its new Southeast Asia headquarters in Singapore’s prestigious downtown business district.

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