Morgan Stanley is expected to report Q2 2026 revenue of $19.38 billion and earnings per share of $2.89, with the stock currently trading at $222.21, slightly above the consensus analyst price target of $219.05.
Investors are primarily focused on the resilience of the Investment Banking (IB) division, following a period of surging global dealmaking and high-profile IPO activity.
Strong performance in the first half of the year was driven by record wealth management revenue and a resurgence in equity issuance, which cleared the $250 billion mark globally.
Analysts will also scrutinize the firm's Common Equity Tier 1 (CET1) ratio and progress on large-scale share buybacks as it navigates net interest margin compression in its lending segments.