Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the year ended December 31, 2025 Commission File Number 1-11758 (Exact name of Registrant as specified in its charter) | Delaware 1585 Broadway | | 36-3145972 | (212) 761-4000 | | --- | --- | --- | --- | | (State or other jurisdiction of | New York, NY 10036 | (I.R.S. Employer Identification No.) | (Registrant's telephone ...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) will announce its fourth quarter and full-year 2026 financial results on Thursday, January 14, 2027, at approximately 7:30 a.m. (ET). A conference call to discuss the results will be held on January 14, 2027, at 9:30 a.m. (ET). The call will be available at www.morganstanley.com and playback will be available via webcast on our website. Dial-in information will be provided at a later date. Morgan Stanley is a leading global financial services. ...

 name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.© 2026 Morgan Stanley Smith Barney LLC. Member SIPC.## ContactsMedia Relations Contact: Lynn Cocchiola; [Lynn.Cocchiola@morganstanley.com]Industry:- [Finance]- [Professional Services]- [Asset Management]- [Banking]### Morgan StanleyNYSE:MS---Release Versions[English]---### ContactsMedia Relations Contact: Lynn Cocchiola; [Lynn.Cocchiola@morganstanley.com]More News From Morgan StanleyGet RSS Feed## Morgan Stanley Decla ...

Group 1 - The market is anticipating a significant shift in the Bank of Japan's (BOJ) interest rate policy, with expectations for a potential rate hike as early as March or April, influenced by economic and price outlooks [1] - A recent Reuters survey indicates that most economists expect the BOJ to raise the policy rate to 1% by the end of June, moving the timeline forward from previous predictions [1] - Morgan Stanley's research shows that some investors are pricing in the possibility of an earlier rate hike in April, with discussions of a potential action in March [1] Group 2 - The January meeting minutes reveal a convergence of internal disagreements among BOJ policymakers regarding the timing of interest rate hikes, with some members expressing concerns about the transmission of labor costs to core CPI [2] - Key inflation data releases are lagging behind policy meetings, with national CPI and Tokyo CPI data set to be published after the April meeting, creating uncertainty for BOJ decisions [2] - Market participants are closely monitoring comments from BOJ officials, as their statements may provide critical insights into future policy directions during this data vacuum [2] Group 3 - Investors are developing a new understanding of the fiscal stance of Prime Minister Kishi's government, shifting from concerns over excessive fiscal expansion to evaluating selective fiscal easing [3] - The focus is on the latest developments from the Consumption Tax Reduction National Committee, as market participants assess its potential impact on fiscal management frameworks [3] Group 4 - There is a growing interest in Japan's economic upward potential, moving beyond anti-inflation logic to encompass security and strategic investment areas [4] - Investors are particularly interested in the implications of national security-related policies on various industries, with expectations for an expansion of related fiscal budgets [5] - The focus is on crisis management and strategic investment sectors, including economic security, healthcare, and key strategic industries like AI and semiconductors [5]

Morgan Stanley opened accounts for Jeffrey Epstein's trusts between 2015 and 2019, years after the financier was convicted and registered as a sex offender under a 2008 plea deal, documents released b... ...

Market Overview - Stocks showed a mixed performance with the Dow Jones Industrial Average up by about 18 basis points, NASDAQ Composite increasing by approximately 0.33%, and S&P 500 rising by 0.3% [2][4] - The Russell 2000 index also climbed into positive territory, reflecting a broader market recovery [3] - The bond market remained stable, with the 30-year T-bond yield down to 4.69% and the 10-year yield around 4.06% [3] Sector Performance - Financials led the large-cap sectors, with notable gains from JP Morgan (up 1.5%), Goldman Sachs, and American Express [4][8] - The technology sector saw mixed results, with Nvidia up nearly 2% and Apple rebounding by 3.76%, while Tesla and other mega-cap tech stocks faced declines [5][6] - Defensive sectors like staples, energy, and materials experienced losses of over 1% [4] Investment Sentiment - Investor sentiment is characterized as cautious, with a significant sector rotation observed from software to hardware and safer areas like materials and energy [10][11] - Small and mid-cap stocks are expected to show greater earnings growth compared to large caps, driven by AI infrastructure and other growth areas [18] BHP Financial Results - BHP reported a 22% increase in first-half profit, with copper now accounting for over 50% of its core earnings, indicating a strategic pivot towards copper production [33][34] - The company plans to increase copper production guidance for this year and next, capitalizing on strong copper prices [36] - BHP's operational performance remains robust, with record production and shipment in iron ore alongside copper growth [36][45] Copper Market Dynamics - The demand for copper is expected to grow significantly, driven by energy transition and digitization, with projections of a 70% increase over the next 25 years [38] - Supply challenges are anticipated due to lower grades and the complexity of new projects, enhancing the demand-supply dynamics for copper [39] Gold and Byproducts - BHP's copper deposits also yield significant byproducts, including gold, which contributed around $2 billion to earnings in the last half [41] - The company is actively seeking to unlock additional value from its portfolio, including a recent $4.3 billion silver stream agreement [42] Iron Ore Negotiations - BHP is engaged in tough negotiations with China's state-owned iron ore buyer but has managed to maintain strong production and price realization [45]

Morgan Stanley (MS) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power ...

Compensation Overview - The CEOs of the six largest banks on Wall Street all received total compensation exceeding $40 million in 2025, with a collective pay increase of $45.3 million to reach $258 million [1][2] - The majority of the compensation increase was attributed to stock-linked incentives rather than cash [2] Individual CEO Compensation - Morgan Stanley's CEO Ted Pick experienced the largest pay increase of 32%, bringing his total compensation to $45 million, making him the second-highest paid CEO after Goldman Sachs' David Solomon [3] - Wells Fargo's CEO Charles Scharf saw a 28% increase in compensation to $40 million, the lowest among his peers [4] - Citigroup's Jane Fraser's pay rose by 22% to $42 million, while Goldman Sachs' David Solomon's compensation increased by 21% to $47 million [6] Market Performance - Big bank stocks performed well in 2025, with increases ranging from 24% to 64%, primarily driven by rising revenues from Wall Street divisions and regulatory easing under the Trump administration [5] - The optimism for 2026 remains high among bankers regarding dealmaking, lending, and trading, despite concerns over the impact of artificial intelligence on financial services [7] Investment Banking Revenue - Investment banking revenue is currently strong, with figures reaching 70% of last year's total for the first quarter, indicating a healthy pace of activity [8]

近期美国关键经济数据的发布可能影响市场整体情绪。例如，因美国政府短暂停摆而推迟至2月11日发 布的非农就业数据与CPI数据同期公布，若出现"就业弱+通胀强"的组合，可能构成市场波动风险。这 类宏观事件通常会对金融机构的股价产生广泛影响。 股票近期走势 回顾近期表现，摩根士丹利股价在2025年11月曾出现波动，例如11月18日股价快速下挫3.01%，但在11 月25日又大幅拉升3.00%。这反映了资本市场板块对市场环境的敏感性。 以上内容基于公开资料整理，不构成投资建议。 经济观察网 摩根士丹利计划发行与科技巨头股票挂钩的结构性产品，同时其股价近期呈现波动，市场 关注宏观数据对其影响。 近期事件 摩根士丹利金融有限责任公司计划于2026年2月19日发行一款名为"Buffered PLUS with Downside Factor"的结构性投资产品。该产品的回报与亚马逊、苹果和微软这三只股票中表现最差的一只挂钩，到 期日为2029年2月16日。 行业政策与环境 ...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and Foundry Commercial (Foundry) announced today the sale of the final 11 communities in the Spring Arbor Senior Living collection located in Maryland and Virginia to an S&P 500 company focused on senior housing for $296 million. "We are proud to have been part of the Spring Arbor Senior Living Collection and of the partnership with Foundry to strengthen op. ...