MS · Earnings call · 2026Q3T · Full report

ISG Credit Loss Provisions

MORGAN STANLEY · 2026-10-14 · Importance 20 · Surprise 24

Institutional Securities provisions were $141 million in the third quarter, primarily reflecting portfolio growth. Net charge-offs were $105 million and related mainly to certain corporate and commercial real-estate loans. Management said those loans were largely provisioned for in prior periods.

Key facts

• ISG provisions in the quarter: $141 million, driven primarily by portfolio growth.
• ISG net charge-offs in the quarter: $105 million, primarily related to certain corporate and commercial real estate loans.