Morgan Stanley 2025: Profit Surge, Wealth Strength, But Momentum Slows

Strong earnings and capital returns, yet credit risks and softer sequential growth raise questions

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Estimated reading time: 6 minutes

Morgan Stanley delivered a strong 2025, with robust revenue growth, expanding margins, and a standout performance in Wealth Management.

Returns improved. Capital was returned aggressively.

But the trajectory is no longer purely upward.

The key question: has Morgan Stanley reached a near-term peak, or can…