Morgan Stanley (MS) Q3 2026 Earnings Overview: Fixed-Income Weakness and Wealth Revenue Concerns Drive a 2.75% Selloff

Morgan Stanley's Q3 2026 net revenue rose 12% to $20.34 billion and diluted EPS of $3.03 topped LSEG consensus, yet shares fell 2.75%. This analysis weighs equity-trading strength and record wealth inflows against weaker fixed income, investment-management reversals and a still-bearish chart.