MS
Morgan Stanley
MS's fundamentals are strong: revenue grew 16% and earnings per share grew 29%. At 15x earnings, it's trading in line with its usual 14x. Analysts expect earnings growth.
SIEB
Siebert Financial Corp.
There isn't enough reported data to score SIEB yet.
MS Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
MS's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like MS.
SIEB Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Weak | |
| N/A | |
| N/A |
SIEB's revenue is currently strong, but its profitability is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like SIEB.
MS PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $134 | -29% |
| Fair | 14x | $178 | -5.7% |
| Forward | 14x | $189 | — |
| Current | 15x | $189 | — |
| Expensive | 18x | $223 | +18% |
Historical ranges are pointers, not guarantees.
MS's PE is in its fair range at 15x. If earnings grow as analysts expect, today's price would be 14x next year's earnings.
SIEB PE Valuation
SIEB has no meaningful PE right now: it lost money over the past year.
MS Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for MS, with profitability improving.
SIEB Forward outlook
There aren't enough analyst estimates for SIEB to show an outlook.
MS Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.39 | +6.3% |
| Q3 2026 | $12.60 | +29% |
| Q2 2026 | $12.37 | +40% |
| Q1 2026 | $11.04 | +29% |
| Q4 2025 | $10.21 | +28% |
| Q3 2025 | $9.76 | +48% |
| Q2 2025 | $8.84 | +45% |
| Q1 2025 | $8.53 | +55% |
| Q4 2024 | $7.95 | +53% |
MS has the edge over SIEB on earnings quality, reporting a profit while its opponent remains loss making.
SIEB Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$0.03 | -113% |
| Q1 2026 | -$0.14 | -130% |
| Q4 2025 | $0.13 | -61% |
| Q3 2025 | $0.18 | -31% |
| Q2 2025 | $0.24 | +4.3% |
| Q1 2025 | $0.46 | +130% |
| Q4 2024 | $0.33 | +57% |
| Q3 2024 | $0.26 | +53% |
SIEB has swung to a loss: it lost $0.03 per share over the past year, after a profit the year before.
MS Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $20.3B | +12% |
| Q2 2026 | $21.3B | +27% |
| Q1 2026 | $20.6B | +16% |
| Q4 2025 | $17.9B | +10% |
| Q3 2025 | $18.2B | +18% |
| Q2 2025 | $16.8B | +12% |
| Q1 2025 | $17.7B | +17% |
| Q4 2024 | $16.2B | +26% |
MS's revenue has grown year over year for 14 quarters in a row: $20.3B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 32% | -1.2 points |
| Q2 2026 | 34% | +6.9 points |
| Q1 2026 | 34% | +2.8 points |
| Q4 2025 | 32% | +2 points |
| Q3 2025 | 33% | +5.6 points |
| Q2 2025 | 28% | +0.4 points |
| Q1 2025 | 31% | +2.2 points |
| Q4 2024 | 30% | +14 points |
MS has the edge over SIEB on profitability, with a higher operating margin.
SIEB Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $31.2M | +110% |
| Q1 2026 | $23.5M | -19% |
| Q4 2025 | $23.6M | +18% |
| Q3 2025 | $26.8M | +19% |
| Q2 2025 | $14.9M | -29% |
| Q1 2025 | $28.9M | +41% |
| Q4 2024 | $20M | +1.6% |
| Q3 2024 | $22.6M | +25% |
SIEB's revenue is growing: $31M last quarter, up 110% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -1.5% | +38 points |
| Q1 2026 | -12% | -49 points |
| Q4 2025 | -5.5% | -15 points |
| Q3 2025 | 8.2% | -13 points |
| Q2 2025 | -39% | -66 points |
| Q1 2025 | 36% | +11 points |
| Q4 2024 | 9.7% | -15 points |
| Q3 2024 | 21% | -2.2 points |
SIEB's operating margin was −1.5% last quarter, up 38 points from the same quarter a year ago.
MS Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$46B | -$42.7B |
| Q2 2026 | -$2.7B | -123% |
| Q1 2026 | -$7.1B | +$16.9B |
| Q4 2025 | -$2.4B | -120% |
| Q3 2025 | -$3.3B | +$14B |
| Q2 2025 | $11.8B | +368% |
| Q1 2025 | -$24B | -650% |
| Q4 2024 | $11.8B | +$29.6B |
MS's free cash flow was −$58.3B over the past year, against −$3.7B the year before. Free cash flow isn't a meaningful measure for financial services companies like MS.
SIEB Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$2.7M | -566% |
| Q1 2026 | -$26.2M | +$8.4M |
| Q4 2025 | $295K | -100% |
| Q3 2025 | $43.3M | +734% |
| Q2 2025 | $570K | -87% |
| Q1 2025 | -$34.5M | +$28.3M |
| Q4 2024 | $63M | +63% |
| Q3 2024 | $5.2M | +$24.7M |
SIEB has the edge over MS on cash generation, producing positive trailing cash flow while its opponent burns cash.
MS Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -3M shares |
| 1 year | -1.5% | -24M shares |
| 3 years | -4.7% | -77M shares |
| 5 years | -14% | -246M shares |
| Available history | -4.5% | -74M shares |
MS has the edge over SIEB on shareholder dilution, with a more favorable share count trend.
SIEB Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +174K shares |
| 1 year | +1.4% | +577K shares |
| 3 years | +13% | +4.6M shares |
| 5 years | +31% | +9.7M shares |
| Available history | +51% | +13.8M shares |
SIEB has 41M diluted shares, up 1.4% from a year ago.
MS Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 7.8x | High |
| Q2 2026 | 7.3x | High |
| Q1 2026 | 8.2x | High |
| Q4 2025 | 8.6x | High |
| Q3 2025 | 8.4x | High |
| Q2 2025 | 8.7x | High |
| Q1 2025 | 8.7x | High |
| Q4 2024 | 7.9x | High |
MS's net debt is about 7.8 years of its operating earnings (EBITDA), down from 8.4 years a year ago. Net leverage isn't a meaningful measure for financial services companies like MS.
SIEB Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -39.9x | Net Cash |
| Q4 2025 | -2.2x | Net Cash |
| Q3 2025 | -1.3x | Net Cash |
| Q2 2025 | -1.9x | Net Cash |
| Q1 2025 | -0.9x | Net Cash |
| Q4 2024 | -1.5x | Net Cash |
| Q3 2024 | -0.0x | Net Cash |
| Q2 2024 | -0.0x | Net Cash |
SIEB has the edge over MS on leverage, with a lower net debt burden relative to earnings.
MS Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.0 | Neutral |
| Stochastic | 18.7 | Oversold |
MS's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
SIEB Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.4 | Neutral |
| Stochastic | 19.6 | Oversold |
SIEB's weekly RSI is 42 (neutral) and its Stochastic is 20 (oversold).
MS PE vs Financial Services Sector
| Metric | MS | Sector median | Relative |
|---|---|---|---|
| PE | 15x | 13x | 15% above |
| PE % | 59 | 63 | 4 pts below |
MS is trading at 15x earnings, a 15% premium to the Financial Services sector's median of 13x.
SIEB PE vs Financial Services Sector
| Metric | SIEB | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
SIEB has no meaningful PE right now: it lost money over the past year.
MS Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $186.5 | 1.5% above |
| 20 week MA | $203.3 | 6.9% below |
| 50 week MA | $191.9 | 1.4% below |
| 100 week MA | $164.9 | 15% above |
| 200 week MA | $129.3 | 46% above |
MS has the edge over SIEB on trend strength, trading above more of its moving averages.
SIEB Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.99 | 9% below |
| 20 week MA | $1.99 | 9% below |
| 50 week MA | $2.22 | 18% below |
| 100 week MA | $2.78 | 35% below |
| 200 week MA | $2.42 | 25% below |
SIEB is in a downtrend: it's below all five of its weekly moving averages, and 25% below its 200-week average.
MS Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $51.1 | $68.1 | +33% |
| 2021 | $68.1 | $99.3 | +46% |
| 2022 | $99.3 | $86.1 | -13% |
| 2023 | $86.1 | $93.3 | +8.3% |
| 2024 | $93.3 | $126.8 | +36% |
| 2025 | $126.8 | $181.9 | +43% |
| 2026 YTD | $181.9 | $189.2 | +4% |
MS has the edge over SIEB on returns for 2026, with the stronger performance.
SIEB Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.53 | $4.47 | -48% |
| 2021 | $4.47 | $2.23 | -50% |
| 2022 | $2.23 | $1.37 | -39% |
| 2023 | $1.37 | $1.68 | +23% |
| 2024 | $1.68 | $3.04 | +81% |
| 2025 | $3.04 | $3.67 | +21% |
| 2026 YTD | $3.67 | $1.81 | -51% |
SIEB has finished lower in three of the last six years. It's down 51% so far in 2026.