Morgan Stanley (NYSE:MS) CEO Ted Pick floated a $10 trillion wealth management target at the firm’s U.S. Financials Conference, building on record first-quarter 2026 revenue and a combined $9 trillion in client assets.
Wealth Division Goes It Alone On Bold Target
Pick told the conference that the wealth division alone can reach the milestone, revising predecessor James Gorman‘s earlier combined goal, AdvisorHub reported earlier this week. “We are now at a stage where we can talk about $10 trillion in wealth alone,” Pick said. The advisor-led channel held $5.8 trillion, while workplace accounts and E*TRADE accounts managed $475 billion and $1.56 trillion, respectively.
Record Earnings Fuel Confidence
Morgan Stanley posted record first-quarter 2026 revenue of $20.58 billion and earnings per share of $3.43. Wealth management generated $8.5 billion in net revenue, up 16% year-over-year, with a 30.4% pretax margin.
According to an AdvisorHub report, the target would still trail Charles Schwab Corp. (NYSE:SCHW) at $11.77 trillion but surpass Bank of America Corp. (NYSE:BAC).
What’s Going On With MS Stock?
This week, JP Morgan Chase & Co. (NYSE:JPM) raised its price target on Morgan Stanley to $187 from $179, maintaining a Neutral rating.
The multinational investment bank and financial services company has a market capitalization of $859.37 billion, with a 52-week high of $337.25 and a 52-week low of $262.71.
According to Benzinga Pro data, the stock closed Friday at $214.04, up 2.31%.
With a strong Momentum in the 87th percentile, Benzinga’s Edge Stock Rankings indicate that MS stock is experiencing a positive price trend across all time frames.
Photo courtesy: Taljat David via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Recent Comments