MS Morgan Stanley

XNYS 191.27 +1.98% Pre-market
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

MS $191.27 ▲ +1.98%
Key stats
$187.63
Pre-market $191.27 +1.98%
52-Week Range
$152.80 – $232.25
YTD
+3.15%
IV Rank (30D)
44.17
Straddle Price
$13.80
P/C Vol Ratio
0.60
Market Cap
$292.4B
Open
$187.96
Day Range
$185.46 – $188.57
Volume
4,260,001
Prev Close
$187.10
Fair Value
MODEL: NEUTRAL

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)4.86%
Beta vs SPY1.12
Cost of Equity (CAPM)10.98% (VRP-adj)
WACC7.63%
Volatility Risk Premium+11.9pp (IV − HV30), ERP adj +44bps
Effective Tax Rate21.9%
Rev. Growth (YoY, DCF input)+12.9%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.10 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$-18.6B
Return on Equity (TTM)16.8%
Book / Price39.0% — banking bias active (P/B is primary)
Bank Quality Adj×1.08 (target ROE vs peer median)
Gross Margin (TTM)59.4%
FCF Margin (TTM)-15.0%
Debt / Equity3.39
Quality Score2/6 — normal (10y DCF)
SMA 50$194.11 (Market Anchor value)
SMA 20 / Bollinger Mid$184.63
Bollinger Width / SMA208.5% (drives anchor stability)
Net Debt$257.6B
Market Cap$296B
Peers used for multiples: BAC, BNY, C, CME, GS, JPM, SCHW, WFC
60-Day Conviction
25%
20-Day Fair Value
≈ by Dec 10, 2026
$186.83
α -0.4% rank 25%
conviction
32%
40-Day Fair Value
≈ by Jan 8, 2027
$187.98
α +0.2% rank 25%
conviction
9%
60-Day Fair Value
≈ by Feb 8, 2027
$185.91
α -0.9% rank 25%
conviction
25%
MethodImplied PriceWeightDetail
DCF n/a 0%
DDM (Gordon) $75.48 17%
Peer P/E $174.53 6% median 13.3× · 8 peers
Peer EV/EBITDA n/a 0% median 16.6× · 8 peers
Peer P/B $162.17 10% median 2.2× · 8 peers
Peer P/S $210.11 3% median 2.2× · 8 peers
Market Anchor (SMA50) $194.11 43% stability 100% (BB-width)
Options Expected (B-L 30d) $187.91 21% 26 strikes · skew -0.73
As of 2026-11-11 · updated
About
Industry (SIC)
SECURITY BROKERS, DEALERS & FLOTATION COMPANIES (6211) · industry map
Exchange
XNYS
Market Cap
$292.4B
Employees
83,000
List Date
1986-03-21
CIK
0000895421
Last Earnings
Oct 14 before open · −2.7% vs ±4.0% expected
Next Earnings
~Jan 14, 2027 (estimated)
Headquarters
New York, NY
Homepage
https://www.morganstanley.com

Morgan Stanley is a massive global financial services firm, with offices in 42 countries and more than 82,000 employees as of year-end 2025. While the firm's history is deeply rooted in investment banking and institutional trading, where it maintains a strong presence today, Morgan Stanley now generates the lion share of its income from wealth and asset management franchises, across which it boasted $9.3 trillion in client assets at the end of 2025. After reincorporation as a bank holding company in the wake of the global financial crisis, Morgan Stanley also boasts a top 10 banking franchise …

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-1.87%2.35%13.54%-7.09%10.94%0.49%3.06%
Feb13.60%-12.71%-1.72%-0.90%-2.95%-10.04%-2.45%
Mar-1.89%-0.26%-8.72%8.88%-9.65%-1.46%-2.18%
Apr5.54%-7.36%3.22%-2.88%-0.28%14.70%2.16%
May10.30%5.10%-7.02%6.88%9.65%9.38%5.71%
Jun-0.46%-10.52%4.06%-0.23%9.70%-0.93%0.27%
Jul4.30%9.84%5.96%4.08%0.99%-0.66%4.08%
Aug8.52%1.34%-6.37%1.82%8.19%0.99%2.41%
Sep-6.71%-8.31%-4.76%5.01%6.79%-10.88%-3.14%
Oct3.77%2.23%-11.93%11.33%4.53%-1.97%1.33%
Nov-8.83%11.17%11.83%12.63%3.67%0.99%*5.24%
Dec3.04%-8.58%15.28%-4.05%5.38%--2.21%
Total30.45%-17.68%9.13%39.01%55.47%-2.00%19.06%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $184.63
SMA 50: $194.11
SMA 200: $194.40
Current: $187.56
EMA 12: $186.12
EMA 26: $187.82
MACD: -1.6979 | Signal: 0.8464
BEARISH
ADX (14): 22.62
WEAK TREND
+DI: 24.61
−DI: 25.38

Momentum Oscillators

RSI (14): 49.46
NEUTRAL
Stoch %K: 38.07
Stoch %D: 40.05
Williams %R: -53.22

Volume & Volatility

BB Upper: $192.47
BB Lower: $176.80
NEUTRAL
OBV: 213,908,835
Vol SMA 20: 6,907,105
Vol ROC: -34.93%
ATR: $5.86
True Range: $3.11
HV 20: 39.6%
HV 30: 34.0%
HV 60: 29.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-11-12T00:00:00 – 2026-11-10T00:00:00
AI Analysis
Written before MS’s Oct 14 earnings report, so it doesn’t reflect the results.

MORGAN STANLEY (MS) - COMPREHENSIVE STOCK ANALYSIS

Executive Summary

Overall Assessment: BEARISH | Confidence Level: 7/10

Morgan Stanley faces near-term headwinds despite oversold technical conditions. The stock is caught between deteriorating momentum (MACD deeply negative at -5.52, ADX 38.74 confirming strong downtrend) and an upcoming earnings catalyst on 2026-10-14 (tomorrow). The current price of $187.10 is trading 3.8% below the 20-day moving average ($194.21) and 9.3% below the 200-day average ($194.29), signaling weakness across multiple timeframes.

Investment Thesis: MS is in a confirmed downtrend with strong technical deterioration, though RSI at 30.75 and Williams %R at -70.75 suggest near-term oversold conditions that could trigger a bounce. However, the negative news sentiment around banking sector earnings pressure (high rates, lower fixed income trading) combined with MS's high beta of 1.41 creates downside risk if earnings disappoint. The imminent earnings release (within 24 hours) creates binary event risk that could catalyze volatility.

Recent News Sentiment Impact: Neutral-to-negative. While recent headlines are labeled neutral, the thematic content focuses on banking sector headwinds—specifically pressure from rising yields and the question of whether trading revenue can offset margin compression. This aligns with the technical breakdown, suggesting informed selling ahead of earnings.

Technical Analysis

Trend Direction

| Timeframe | Direction | Confidence | |-----------|-----------|-----------| | Short-term (1-4 weeks) | BEARISH | Strong | | Medium-term (1-3 months) | BEARISH | Strong | | Long-term (3-12 months) | BEARISH | Moderate |

Detailed Analysis:

  • Price at $187.10 is below SMA 20 ($194.21), SMA 50 ($206.44), and near the SMA 200 ($194.29), confirming a downtrend across all major moving averages
  • The ADX of 38.74 is well above 25, indicating a strong directional trend with conviction
  • The -DI (33.96) significantly exceeds +DI (15.42), confirming bearish directional control
  • EMA 12 ($191.16) and EMA 26 ($196.68) show the 12-period trailing the 26-period, typical of downtrend momentum

Support/Resistance Levels

| Level | Type | Significance | |-------|------|--------------| | $206.44 | Resistance | SMA 50 - Medium-term barrier | | $194.29 | Resistance | SMA 200 - Long-term pivot | | $194.21 | Resistance | SMA 20 - Near-term seller level | | $187.10 | Current | Trading at lower band proximity | | $182.38 | Support | Bollinger Band lower - 3.8% downside | | $180.00 | Support | Psychological level |

Critical Observation: The stock is trading near the Bollinger Band lower boundary ($182.38), which typically marks oversold extremes but can also signal capitulation before further decline.

Momentum Signals

RSI (14): 30.75 — NEUTRAL (Technically Oversold)

  • Reading below 30 historically signals oversold conditions and potential mean-reversion bounce
  • However, RSI can remain in oversold territory during strong downtrends (not a reliable buy signal alone)
  • Lack of clear divergence between price and RSI limits bullish confidence

MACD: -5.52 / Signal: 0.08 / Histogram: -5.59 — BEARISH

  • MACD is deeply negative (-5.52) and significantly below the signal line (0.08)
  • The histogram at -5.59 shows widening separation, indicating momentum acceleration to the downside
  • No evidence of bullish crossover or divergence—this is a deteriorating momentum picture
  • This is the most concerning momentum indicator in the dataset

Williams %R: -70.75 — OVERSOLD

  • Extreme reading below -80 would suggest severe oversold; at -70.75, MS is in oversold territory but not at capitulation extremes
  • Supports the notion that downside momentum may pause, but is not a buy signal

Bollinger Bands: Neutral Signal

  • Width of 12.18 (current) is moderate; not indicating a squeeze or extreme breakout setup
  • Price proximity to lower band ($182.38) could signal mean-reversion, but bands are more useful as volatility indicators than directional signals in strong trends
  • The middle band ($194.21) sits exactly at SMA 20, reinforcing resistance above current price

Volume Analysis

  • Volume SMA 20: 5.52M shares — baseline trading volume
  • Volume Rate of Change: +6.86% — volume is slightly elevated above the 20-day average, suggesting above-average institutional/retail participation
  • On-Balance Volume (OBV): 247.66M — tracking cumulative directional volume; the bearish trend in price corresponds with likely declining OBV, indicating institutional selling pressure

Interpretation: Modestly elevated volume on downside moves is consistent with institutional exit or hedging ahead of earnings. This is not explosive panic selling but deliberate repositioning.

News & Sentiment Analysis

Recent Headlines Summary

Themes from Last 10 Articles (October 12-13, 2026):

  1. Q3 Earnings Season Under Pressure: Multiple mentions of rising yields and their impact on banking sector profitability
  2. Fixed Income Market Weakness: JPM Q3 earnings call-out specifically mentions "lower fixed income markets" as a headwind
  3. Trading Revenue as Offset: Central question across headlines is whether record trading activity can compensate for margin compression
  4. Sector-Wide Scrutiny: MS is mentioned alongside JPM, Goldman Sachs, Citigroup, Wells Fargo, and BAC—grouping suggesting comparative earnings disappointment risk
  5. Analyst Interest: The sector is in focus (Zacks highlighting multiple banks), but without bullish conviction evident in headlines

Sentiment Assessment

Aggregate Sentiment: NEGATIVE-LEANING NEUTRAL

  • Official sentiment labels show "NEUTRAL" for most headlines, but thematic content reveals concern
  • The headline "Will Banks Falter in Q3 Earnings Due to High Rates?" (explicitly NEGATIVE) is the most forward-looking risk assessment
  • Absence of positive catalysts (no analyst upgrades, no product launches, no M&A activity) in recent news
  • The neutral sentiment labeling masks underlying sector anxiety about earnings quality

Catalyst Identification

| Catalyst | Timing | Impact | |-----------|--------|--------| | Q3 Earnings Release | 2026-10-14 (TOMORROW) | BINARY/HIGH | | Earnings Announcement Call | 2026-10-14 (morning likely) | Immediate volatility | | Trading Desk Performance Data | Embedded in earnings | Sector comparison risk | | Fixed Income Guidance | Q3 earnings call | Forward guidance impact | | Investment Banking Trends | Q3 earnings call | Fee revenue outlook |

Immediate Risk: MS earnings are due within 24 hours. Given the technical weakness, bearish momentum, and sector commentary about earnings headwinds, there is significant execution risk. The options market is pricing a $13.93 move by 31 DTE, but the 7-DTE expected move of $9.10 suggests the market is pricing material earnings event risk.

Market Narrative Alignment

CONFLICT IDENTIFIED:

  • Technical Signals: Strongly bearish (downtrend, negative MACD, price below all major MAs)
  • News Narrative: Cautiously concerned but not panic-stricken; sector-wide pressure rather than MS-specific crisis
  • Sentiment Mismatch: The technical breakdown appears to have frontrun negative sentiment, suggesting informed selling (likely from earnings-conscious institutional traders)

Interpretation: The technical breakdown predates the intensified news cycle about earnings pressure (headlines from Oct 12-13), suggesting MS has been accumulating selling pressure for days. This is a disciplined repositioning ahead of binary event risk, not panic.

Risk & Volatility Assessment

Beta Interpretation

Beta: 1.41 (vs SPY)

  • Classification: HIGH VOLATILITY / CYCLICAL
  • MS moves 41% more than the market in both directions
  • During market downturns, MS will decline 41
Generated
News
All MS news →
Showing 1–10 of 50
Page 1 of 5
Earnings History
15 of 22 under expected move
Avg Expected Move
3.92%
Avg Actual Move
2.83%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2021-01-20 Pre-Market 3.39% 0.20% 0.06x Within
2021-04-16 Pre-Market 3.11% 2.76% 0.89x Within
2021-07-15 Pre-Market 2.41% 0.18% 0.07x Within
2021-10-14 Pre-Market 3.16% 2.48% 0.78x Within
2022-01-19 Pre-Market 4.40% 1.83% 0.42x Within
2022-04-14 Pre-Market 3.34% 0.75% 0.22x Within
2022-07-14 Pre-Market 4.35% 0.39% 0.09x Within
2022-10-14 Pre-Market 3.97% 5.07% 1.28x Exceeded
2023-04-19 Pre-Market 3.78% 0.67% 0.18x Within
2023-07-18 Pre-Market 3.43% 6.45% 1.88x Exceeded
2023-10-18 Pre-Market 3.85% 6.78% 1.76x Exceeded
2024-04-16 Pre-Market 4.66% 2.47% 0.53x Within
2024-07-16 Pre-Market 4.85% 0.91% 0.19x Within
2024-10-16 Pre-Market 3.85% 6.50% 1.69x Exceeded
2025-01-16 Pre-Market 4.39% 4.03% 0.92x Within
2025-04-11 Pre-Market 5.98% 1.44% 0.24x Within
2025-07-16 Pre-Market 3.67% 1.27% 0.35x Within
2025-10-15 Pre-Market 4.23% 4.71% 1.11x Exceeded
2026-01-15 Pre-Market 3.60% 5.78% 1.61x Exceeded
2026-04-15 Pre-Market 3.36% 4.52% 1.35x Exceeded
2026-07-15 Pre-Market 4.45% 0.39% 0.09x Within
2026-10-14 Pre-Market 3.98% 2.75% 0.69x Within

Earnings calendar: this week’s reports with expected vs actual moves →

MS Options Activity & IV Rank

MS IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 31.4%
7-DTE IV: 34.8%
Expected Move: $13.80
7-DTE Move: $8.43
Days to Exp: 31 (2026-12-11)

Options Flow · All expiries

Call Volume: 16,029
Put Volume: 9,659
P/C Volume: 0.603
BULLISH
Call OI: 193,903
Put OI: 276,147
P/C OI: 1.424
Total OI: 470,050

ATM Options Pricing

ATM Call: $6.05
ATM Put: $7.75
Call %: 3.2%
Put %: 4.1%

Chain Summary

Chain Volume: 25,688
Chain OI: 470,050
Last Updated: 11/10/2026
Spread Scanner
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Scanning bull put, bear call, iron condor and calendar spreads…

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 24th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
24%
vs own history
GEX tilt
+0.06
OI-weighted, today
Vanna tilt
+0.61
δ-sensitivity to IV
Charm tilt
-0.70
δ-decay vs time
Vanna tilt +0.61: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.70: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 150 ATM contracts, 173k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d 31%
+3.7 pts EXTREME
as of Nov 10 · ATM 32.2% / Wing 35.9%
30 DTE / 10d 47%
+5.4 pts EXTREME
as of Nov 10 · ATM 30.9% / Wing 36.3%

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Loading the implied volatility surface…

Volatility Smile

Loading the implied volatility smile…

IV Rank (7 DTE)42.0MediumNov 10
IV Rank (30 DTE)44.2MediumNov 10

Embed MS IV rank

MS's 30-day IV rank (90 sessions) with its 52-week rank, at-the-money IV and a 90-session trend. Updates after each close. Paste the code into any web page or blog post. Email newsletters drop iframes, so link to the page there.

Theme
Preview
Straddle Price (30 DTE)$13.80Nov 10
Beta Analysis

Risk Metrics

Beta: 1.4610
Alpha: 1.77%
Correlation: 0.6772
R-Squared: 45.9%
Stock Volatility: 29.5%
Market Volatility: 13.7%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own MS
7 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Viking Global Hedge fund
Andreas Halvorsen
$339.2M
0.97%
#38 of 90new13F
Citadel Hedge fund
Ken Griffin
$113.9M
0.07%
#365 of 6285-81.0%13F
Millennium Management Hedge fund
Izzy Englander
$110.6M
0.07%
#303 of 3716-86.8%13F
Rockefeller Capital Management Family office
Rockefeller family
$89.4M
0.14%
#140 of 4729+8.2%13F
Point72 Hedge fund
Steve Cohen
$51.3M
0.08%
#322 of 1945-83.0%13F
Soros Fund Management Family office
George Soros, Robert Soros, Jonathan Soros
$4.0M
0.05%
#173 of 251new13F
Bridgewater Associates Hedge fund
Ray Dalio
$3.9M
0.02%
#529 of 997+26.9%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

MS Institutional Ownership (13F)

Filings for 2026-09-30
Diluted shares outstanding: 1,587,750,000 (as of 2026-03-31)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

2,736 filers1,360,807,844 shares$270.23B value85.71% of float
# Filer Shares Value % of Total % of Float Period
1 MITSUBISHI UFJ FINANCIAL GROUP INC 375,330,252 $70.59B 26.12% 23.64% 2026-09-30
2 State Street Corp 99,560,815 $20.81B 7.70% 6.27% 2026-06-30
3 BlackRock, Inc. Custodian 94,899,620 $19.84B 7.34% 5.98% 2026-06-30
4 Vanguard Capital Management LLC 77,700,641 $16.24B 6.01% 4.89% 2026-06-30
5 JPMorgan Chase & Co Custodian 44,363,477 $9.39B 3.48% 2.79% 2026-06-30
6 Vanguard Portfolio Management LLC 30,203,228 $6.31B 2.34% 1.90% 2026-06-30
7 Geode Capital Management, LLC Custodian 27,856,667 $5.22B 1.93% 1.75% 2026-09-30
8 FMR LLC Custodian 24,903,987 $5.21B 1.93% 1.57% 2026-06-30
9 Fisher Asset Management, LLC 26,581,811 $5.00B 1.85% 1.67% 2026-09-30
10 T. Rowe Price Associates, Inc. 19,246,850 $4.02B 1.49% 1.21% 2026-06-30
11 Capital Research Global Investors 18,070,606 $3.78B 1.40% 1.14% 2026-06-30
12 Norges Bank 17,984,532 $3.76B 1.39% 1.13% 2026-06-30
13 Bank of America Corp Custodian 16,651,161 $3.48B 1.29% 1.05% 2026-06-30
14 Ameriprise Financial, Inc. Custodian 14,101,563 $2.95B 1.09% 0.89% 2026-06-30
15 Goldman Sachs Group Inc Custodian 13,906,759 $2.91B 1.08% 0.88% 2026-06-30
16 Northern Trust Corp Custodian 12,514,426 $2.62B 0.97% 0.79% 2026-06-30
17 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Custodian 11,206,144 $2.34B 0.87% 0.71% 2026-06-30
18 UBS Group AG Custodian 10,529,270 $2.20B 0.81% 0.66% 2026-06-30
19 Schroder Investment Management Group 10,226,529 $2.14B 0.79% 0.64% 2026-06-30
20 Capital World Investors 10,170,848 $2.13B 0.79% 0.64% 2026-06-30
21 Charles Schwab Investment Management, Inc. 9,956,067 $2.08B 0.77% 0.63% 2026-06-30
22 Invesco Ltd. Custodian 9,205,421 $1.92B 0.71% 0.58% 2026-06-30
23 Massachusetts Financial Services Co 9,212,711 $1.92B 0.71% 0.58% 2026-06-30
24 Franklin Resources, Inc. Custodian 8,358,992 $1.75B 0.65% 0.53% 2026-06-30
25 Bank of New York Mellon Corp Custodian 8,729,544 $1.64B 0.61% 0.55% 2026-09-30
57 filers$3.50B notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $531.80M 15.20% 2026-06-30
2 UBS Group AG Custodian $481.11M 13.75% 2026-06-30
3 Citadel Advisors LLC Custodian $465.53M 13.31% 2026-06-30
4 Jane Street Group, LLC Custodian $457.84M 13.09% 2026-06-30
5 IMC-Chicago, LLC Custodian $231.83M 6.63% 2026-09-30
6 Goldman Sachs Group Inc Custodian $210.06M 6.00% 2026-06-30
7 Optiver Holding B.V. $183.10M 5.23% 2026-06-30
8 TORONTO DOMINION BANK $99.29M 2.84% 2026-06-30
9 BNP Paribas Financial Markets Custodian $84.16M 2.41% 2026-06-30
10 Barclays PLC Custodian $76.29M 2.18% 2026-09-30
11 JPMorgan Chase & Co Custodian $72.79M 2.08% 2026-06-30
12 PEAK6 LLC $65.89M 1.88% 2026-06-30
13 GROUP ONE TRADING LLC Custodian $52.66M 1.51% 2026-06-30
14 Parallax Volatility Advisers, L.P. $47.91M 1.37% 2026-06-30
15 Millennium Management LLC Custodian $45.19M 1.29% 2026-06-30
16 Walleye Trading LLC $38.40M 1.10% 2026-06-30
17 Simplex Trading, LLC Custodian $37.03M 1.06% 2026-09-30
18 Squarepoint Ops LLC $29.98M 0.86% 2026-06-30
19 Alphadyne Asset Management LP $25.25M 0.72% 2026-06-30
20 NOMURA HOLDINGS INC $21.57M 0.62% 2026-06-30
21 Caption Management, LLC $20.90M 0.60% 2026-06-30
22 Delta Accumulation, LLC $20.44M 0.58% 2026-06-30
23 Man Group plc $20.30M 0.58% 2026-06-30
24 Balyasny Asset Management L.P. $16.58M 0.47% 2026-06-30
25 CAPITAL FUND MANAGEMENT S.A. $14.26M 0.41% 2026-06-30
62 filers$4.11B notional
# Filer Notional Value % of Total Period
1 Jane Street Group, LLC Custodian $716.69M 17.45% 2026-06-30
2 Susquehanna International Group, LLP Custodian $682.47M 16.62% 2026-06-30
3 Citadel Advisors LLC Custodian $465.07M 11.33% 2026-06-30
4 Optiver Holding B.V. $398.35M 9.70% 2026-06-30
5 IMC-Chicago, LLC Custodian $254.47M 6.20% 2026-09-30
6 BNP Paribas Financial Markets Custodian $200.18M 4.87% 2026-06-30
7 Citigroup Inc. Custodian $139.42M 3.40% 2026-09-30
8 Goldman Sachs Group Inc Custodian $129.50M 3.15% 2026-06-30
9 UBS Group AG Custodian $129.50M 3.15% 2026-06-30
10 JPMorgan Chase & Co Custodian $123.39M 3.00% 2026-06-30
11 Millennium Management LLC Custodian $95.80M 2.33% 2026-06-30
12 Simplex Trading, LLC Custodian $66.81M 1.63% 2026-09-30
13 Royal Bank of Canada Custodian $59.58M 1.45% 2026-06-30
14 Walleye Trading LLC $56.80M 1.38% 2026-06-30
15 Hudson Bay Capital Management LP $52.26M 1.27% 2026-06-30
16 GROUP ONE TRADING LLC Custodian $46.41M 1.13% 2026-06-30
17 CAPSTONE INVESTMENT ADVISORS, LLC $41.14M 1.00% 2026-06-30
18 Squarepoint Ops LLC $40.11M 0.98% 2026-06-30
19 Alphadyne Asset Management LP $36.48M 0.89% 2026-06-30
20 WOLVERINE ASSET MANAGEMENT LLC $29.30M 0.71% 2026-09-30
21 Delta Accumulation, LLC $26.55M 0.65% 2026-06-30
22 D. E. Shaw & Co., Inc. Custodian $25.71M 0.63% 2026-06-30
23 HSBC Holdings plc Custodian $25.65M 0.62% 2026-06-30
24 CREDIT AGRICOLE S A $25.08M 0.61% 2026-06-30
25 Parallax Volatility Advisers, L.P. $22.89M 0.56% 2026-06-30

MS Insider Trading (Form 4)

Latest: 2026-11-10
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-11-10 Judith A Miscik Director Sell (S) −2,480 $183.21 -$454.3K EDGAR
2026-11-02 MITSUBISHI UFJ FINANCIAL GROUP INC 10%+ Owner Disp (D) −604,396 $183.84 -$111.11M EDGAR
2026-09-24 MITSUBISHI UFJ FINANCIAL GROUP INC 10%+ Owner Disp (D) −1,340,519 $212.57 -$284.95M EDGAR
2026-08-03 MITSUBISHI UFJ FINANCIAL GROUP INC 10%+ Owner Disp (D) −414,396 $213.28 -$88.38M EDGAR
2026-07-29 Mary L Schapiro Director Mixed
Gift −2,325 · Sell −1,000
 −3,325 $212.06 -$212.1K EDGAR
2026-07-17 Michael A. Pizzi Head Technology & Operations Sell (S) −24,165 $215.55 -$5.21M EDGAR
2026-07-17 Sharon Yeshaya Chief Financial Officer Sell (S) −15,554 $222.51 -$3.46M EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

MS Insider Holdings

4 insiders · @ $187.56
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 MITSUBISHI UFJ FINANCIAL GROUP INC 10%+ Owner 374,725,856 $70.28B $0 3 2026-11-02
2 Sharon Yeshaya Chief Financial Officer 136,809 $25.66M -$3.46M 1 2026-07-17
3 Michael A. Pizzi Head Technology & Operations 121,769 $22.84M -$5.21M 1 2026-07-17
4 Mary L Schapiro Director 40,842 $7.66M -$212.1K 1 2026-07-29
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

MS Board & Officers

As of SEC filings through Nov 10, 2026

Directors 16

Officers 9

10% owners 1

Changes in the last 10 years (41)
May 14, 2026Yasushi Itagaki became a director
Jul 18, 2025Lynn J Good became a director
May 15, 2025Victoria Worster became Chief Accounting Officer
May 15, 2025Douglas L. Peterson became a director
Mar 26, 2025The company announced the departure of Raja Akram as Deputy Chief Financial Officer in an SEC filing
Jan 17, 2025Mandell Crawley listed as Chief Client Officer (previously Chief Human Resources Officer) in SEC filings
Jan 17, 2025Edward Pick listed as Chairman and CEO (previously Chief Executive Officer) in SEC filings
Jan 10, 2025Michael A. Pizzi became Head Technology & Operations
Jan 3, 2025Stephen J Luczo reported in an SEC filing no longer being a director
May 23, 2024The company announced the departure of James P Gorman from the board in an SEC filing
May 23, 2024The company announced the departure of James P Gorman as Executive Chairman in an SEC filing
May 23, 2024Megan Butler became a director
Jan 19, 2024James P Gorman listed as Executive Chairman (previously Chairman and CEO) in SEC filings
Jan 19, 2024Edward Pick listed as Chief Executive Officer (previously Co-President/Head of IS) in SEC filings
Jan 19, 2024Edward Pick first listed as a director in an SEC filing
Jan 19, 2024Daniel A Simkowitz listed as Co-President (previously Head of Investment Management) in SEC filings
Jan 19, 2024Andrew M Saperstein listed as Co-President (previously Co-President/Head of WM) in SEC filings
Nov 30, 2023The company announced the departure of Alistair Darling from the board in an SEC filing
May 19, 2023Charles A Smith became Chief Risk Officer
Jan 20, 2023Eric F Grossman listed as Chief Legal/Admin Officer (previously Chief Legal Officer) in SEC filings
Not reported recently (9)
  • Keishi Hotsuki · Last reported as Chief Risk Officer in an SEC filing dated Feb 24, 2023
  • Robert P Rooney · Last reported as Head of Tech/Ops/Resilience in an SEC filing dated Jan 21, 2022
  • Jeffrey S Brodsky · Last reported as Chief Human Resources Officer in an SEC filing dated Jan 22, 2021
  • Paul C Wirth · Last reported as Deputy Chief Financial Officer in an SEC filing dated Jan 17, 2020
  • Thomas Colm Kelleher · Last reported as President in an SEC filing dated Jun 4, 2019
  • Takeshi Ogasawara · Last reported as a director in an SEC filing dated May 29, 2019
  • Erskine B Bowles · Last reported as a director in an SEC filing dated Feb 5, 2018
  • Klaus Kleinfeld · Last reported as a director in an SEC filing dated Dec 22, 2016
  • James A Rosenthal · Last reported as Chief Operating Officer in an SEC filing dated Nov 21, 2016
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

MS Proposed Insider Sales (Form 144)

Latest: 2026-11-06
Last 30d: 2 filings · $989K notice value  ·  Last 90d: 2 filings · $989K notice value · 2 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: MORGAN STANLEY SMITH BARNEY LLC (1, $534K) · JUDITH A MISCIK (1, $454K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-11-06 JUDITH A MISCIK Affiliate 2,480 $454.3K 2026-11-06 Morgan Stanley Smith Barney LLC … — EDGAR
2026-10-16 MORGAN STANLEY SMITH BARNEY LLC Indirectly controlled by the issuer 2,920 $534.4K 2026-10-16 Morgan Stanley & Co LLC — EDGAR
2026-07-28 MARY L SCHAPIRO REV TRUST Affiliate 1,000 $212.1K 2026-07-28 Morgan Stanley Smith Barney LLC … — EDGAR
2026-07-20 MORGAN STANLEY SMITH BARNEY LLC Indirectly controlled by the issuer 4,040 $869.0K 2026-07-20 Morgan Stanley & Co. LLC — EDGAR
2026-07-17 MICHAEL A. PIZZI REVOCABLE TRUST Affiliate 24,165 $5.21M 2026-07-17 Morgan Stanley Smith Barney LLC … — EDGAR
2026-07-16 SHARON YESHAYA Affiliate 15,554 $3.46M 2026-07-16 Morgan Stanley Smith Barney LLC … — EDGAR
2026-04-20 MORGAN STANLEY SMITH BARNEY LLC Indirectly controlled by the issuer 2,775 $531.2K 2026-04-20 Morgan Stanley & Co. LLC — EDGAR
2026-04-20 ERIC F GROSSMAN Affiliate 11,118 $2.12M 2026-04-20 Morgan Stanley Smith Barney LLC … — EDGAR
2026-04-17 DANIEL A. SIMKOWITZ Affiliate 14,690 $2.78M 2026-04-17 Morgan Stanley Smith Barney LLC … — EDGAR
2026-04-16 MANDELL L CRAWLEY Affiliate 16,129 $3.04M 2026-04-16 Morgan Stanley Smith Barney LLC … — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Filing Date Event Link
2026-10-14 Earnings results EDGAR
2026-07-15 Earnings results EDGAR
2026-06-24 Other events EDGAR
2026-05-15 Shareholder vote results EDGAR
2026-04-15 Earnings results EDGAR
2026-02-11 Other events EDGAR
2026-01-15 Earnings results · Regulation FD disclosure EDGAR
2025-10-15 0000895421-25-000535 EDGAR
2025-09-30 0000950103-25-012581 EDGAR
2025-09-23 0000950103-25-012045 EDGAR
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Filing Date Accession Link
2026-02-19 0000895421-26-000086 EDGAR
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
Filing Date Accession Link
2026-11-05 0000895421-26-000293 EDGAR
2026-08-04 0000895421-26-000212 EDGAR
2026-05-05 0000895421-26-000121 EDGAR
2025-11-03 0000895421-25-000539 EDGAR
2025-08-04 0000895421-25-000440 EDGAR
ETF Holders
421 ETFs hold MS
25 shown · $29.61B total exposure · 0.45% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.30% $7.0B — 2026-09-30
2 VOO Vanguard S&P 500 ETF Vanguard 0.34% $5.9B — 2026-09-30
3 IVV iShares Core S&P 500 ETF iShares (BlackRock) 0.34% $3.0B $871.7B 2026-11-09
4 SPY State Street® SPDR® S&P 500® ETF Trust SPDR (State Street) 0.34% $2.7B $791.9B 2026-11-09
5 VTV Vanguard Morningstar Value ETF Vanguard 0.84% $2.1B — 2026-09-30
6 XLF State Street® Financial Select Sector SPDR® ETF SPDR (State Street) 2.73% $1.5B $53.6B 2026-11-09
7 VIG Vanguard Dividend Appreciation ETF Vanguard 1.00% $1.3B — 2026-09-30
8 VYM Vanguard High Dividend Yield ETF Vanguard 0.90% $857.4M — 2026-09-30
9 SPYM State Street® SPDR® Portfolio S&P 500® ETF SPDR (State Street) 0.34% $628.3M $183.2B 2026-11-09
10 KBWB Invesco KBW Bank ETF Invesco 7.48% $494.8M — 2026-11-09
11 DGRO iShares Core Dividend Growth ETF iShares (BlackRock) 1.02% $462.6M $45.7B 2026-11-09
12 IWD iShares Russell 1000 Value ETF iShares (BlackRock) 0.55% $461.7M $84.7B 2026-11-09
13 VFH Vanguard Financials ETF Vanguard 2.64% $366.3M — 2026-09-30
14 AVLV Avantis U.S. Large Cap Value ETF Avantis 1.40% $320.2M $22.8B 2026-11-09
15 ITOT iShares Core S&P Total U.S. Stock Market ETF iShares (BlackRock) 0.30% $291.7M $95.3B 2026-11-09
16 IVW iShares S&P 500 Growth ETF iShares (BlackRock) 0.39% $289.9M $72.9B 2026-11-09
17 SCHX Schwab U.S. Large-Cap ETF Nport 0.37% $273.2M — 2026-08-31
18 VV Vanguard Morningstar Large-Cap ETF Vanguard 0.34% $261.0M — 2026-09-30
19 SPMO Invesco S&P 500 Momentum ETF Invesco 1.23% $249.2M — 2026-11-09
20 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.26% $225.7M — 2026-11-09
21 SPYG State Street® SPDR® Portfolio S&P 500® Growth ETF SPDR (State Street) 0.39% $209.6M $53.1B 2026-11-09
22 IAI iShares U.S. Broker-Dealers & Securities Exchanges ETF iShares (BlackRock) 14.97% $194.6M $1.3B 2026-11-09
23 VT Vanguard Total World Stock ETF Vanguard 0.18% $182.4M — 2026-09-30
24 MTUM iShares MSCI USA Momentum Factor ETF iShares (BlackRock) 1.08% $182.2M $16.8B 2026-11-09
25 RSP Invesco S&P 500 Equal Weight ETF Invesco 0.17% $176.3M — 2026-11-09
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
—
TTM Diluted EPS
$11.04
TTM Revenue
$123.68B
TTM Net Income
$17.50B
TTM Op. Cash Flow
$17.71B
Quarterly figures (12 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q1 '262026-03-31$33.15B$5.41B$3.43$-7.10B
Q4 '252025-12-31$29.99B$4.25B$2.68$-2.41B
Q3 '252025-09-30$31.19B$4.45B$2.80$-3.33B
Q2 '252025-06-30$29.35B$3.39B$2.13$30.55B
Q1 '252025-03-31$29.13B$4.16B$2.60$-23.98B
Q4 '242024-12-31$27.16B$3.56B$2.22$11.80B
Q3 '242024-09-30$27.37B$3.03B$1.88$-17.32B
Q2 '242024-06-30$26.48B$2.94B$1.82$10.29B
Q1 '242024-03-31$26.27B$3.27B$2.02$-3.40B
Q4 '232023-12-31$23.83B$1.38B$0.85$-17.75B
Q3 '232023-09-30$23.42B$2.26B$1.38$3.75B
Q2 '232023-06-30$22.36B$2.05B$1.24$-11.71B
Q1 2026 • period ending 2026-03-31 • filed 2026-05-05
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
16.99
P/B
2.58
P/S
2.41
EV/EBITDA
23.71
EV/Sales
4.49
ROE
15.2%
ROA
1.1%
Div Yield
2.32%
FCF Yield
5.95%
Debt/Equity
3.39
Current Ratio
—
Market Cap
$297.80B
as of 2026-11-10

MS vs Peers

Related companies, largest first
Company Market cap P/E Revenue growth YTD IV rank
JPM JPMorgan Chase & Co. $908.4B 16.4 +1.3% +5.1% 56
BAC Bank of America Corporation $348.8B 12.6 −1.9% −9.4% 64
MS Morgan Stanley $292.4B 17.0 +12.3% +3.1% 44
GS Goldman Sachs Group Inc. $261.4B 13.1 +11.2% −0.5% 59
WFC Wells Fargo & Co. $256.6B 12.1 +6.2% −9.9% 52
C Citigroup Inc. $201.9B 15.1 +2.1% +3.0% 40
SCHW The Charles Schwab Corporation $160.1B 20.0 +6.4% −8.4% 55
CME CME Group Inc. $109.0B 26.2 +5.1% +14.6% 15
BNY Bank of New York Mellon Corporation $101.8B — — +1390.5% 24
Peer median $229.3B 15.1 +5.1% +1.3% 53

P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.

Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
14.26M
SI % of Float
1.19%
Days to Cover
2.17
Short Vol Ratio
44.5%
Free Float
1.20B
Float %
75.9%
Short interest 2026-10-15 • Short volume 2026-11-10 • Float 2026-05-15