MS · Earnings call · 2026Q3T · Full report
Income Tax Rate Changes
MORGAN STANLEY · 2026-10-14 · Importance 25 · Surprise 6 · In source text
Morgan Stanley’s third-quarter tax rate was 23.3%. Management expects the fourth-quarter tax rate to be slightly above the third-quarter level. Full-year tax-rate guidance remains unchanged.
Key facts
- For the fourth quarter, Morgan Stanley expects its tax rate to be slightly above the third quarter's tax rate, and full-year guidance remains unchanged.
- Quarterly tax rate: 23.3%.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | probable | — | For the fourth quarter, Morgan Stanley expects its tax rate to be slightly above the third quarter's tax rate, and full-year guidance… |