MS · News · 20260914N

Capital Markets Demand Trends

MORGAN STANLEY · 2026-09-14 · Importance 30 · Surprise 40 · No source text

Bank of America’s chief executive forecast third-quarter investment-banking fees declining 10%–20% year over year. The weak fee outlook points to softer near-term Wall Street dealmaking and trading demand affecting major investment banks, including Morgan Stanley. Morgan Stanley shares declined alongside other large Wall Street banks, while Citigroup provided a more positive quarterly market and investment-banking revenue outlook.

Key facts

Impact estimates

metricdirectionstageexpectedbasis
assetspositivecommitted—The 24 organizations selected for Morgan Stanley's MSISV 2026 cohort will receive a $150,000 equity inve
cashnegativecommitted—The 24 organizations selected for Morgan Stanley's MSISV 2026 cohort will receive a $150,000 equity inve