NEW YORK--(BUSINESS WIRE)--
Morgan Stanley (NYSE: MS) announced that it will increase its quarterly common stock dividend to $1.00 per share from the current $0.925 per share, beginning with the common stock dividend expected to be declared by the Firm鈥檚 Board of Directors in the third quarter of 2025.
In addition, the Firm鈥檚 Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, without a set expiration date, beginning in the third quarter of 2025. The share repurchases will be exercised from time to time at prices the Firm deems appropriate, subject to various considerations, including current market conditions, the Firm鈥檚 capital position and future economic and earnings outlook.
Ted Pick, Chairman and Chief Executive Officer of Morgan Stanley, said, 鈥淥ur improved stress test results reflect the strength and durability of our franchise. We have a scaled and global business that drives the Firm鈥檚 financial strength, generating durable returns and supporting our ongoing flexibility to invest in our businesses and return capital to shareholders. We remain committed to consistently growing our quarterly dividend and are raising it by 7.5 cents to $1.00 per share.鈥�
On June 27, 2025, the Board of Governors of the Federal Reserve System released its CCAR 2025 results, as a result of which Morgan Stanley expects, under current regulatory standards, to be subject to a Stress Capital Buffer (SCB) of 5.1% from October 1, 2025 to September 30, 2026. Together with other features of the regulatory capital framework, this SCB results in an aggregate U.S. Basel III Standardized Approach Common Equity Tier 1 (CET1) ratio of 12.6%. The Firm鈥檚 U.S. Basel III Standardized Approach CET1 ratio was 15.3% as of March 31, 2025.
The Board of Governors of the Federal Reserve System has issued a proposed rulemaking that, if adopted, would change the standards by which large bank holding companies鈥� SCBs are calculated. If relevant, the Firm will provide updated information on applicable regulatory capital standards in response to a final rulemaking, including any change in the Firm鈥檚 SCB.
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the Firm鈥檚 employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit .
Forward-Looking Statements
This Release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made, which reflect management鈥檚 current estimates, projections, expectations, assumptions, interpretations or beliefs of Morgan Stanley鈥檚 future results, regulatory capital levels and future capital actions, including common stock dividends and common equity share repurchases, and which are subject to risks and uncertainties that may cause actual results to differ materially. Morgan Stanley does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of forward-looking statements. For a discussion of additional risks and uncertainties that may affect the future results, regulatory capital levels and future capital actions of Morgan Stanley, please see 鈥淔orward-Looking Statements鈥� preceding Part I, Item 1, 鈥淐ompetition鈥� and 鈥淪upervision and Regulation鈥� in Part I, Item 1, 鈥淩isk Factors鈥� in Part I, Item 1A, 鈥淟egal Proceedings鈥� in Part I, Item 3, 鈥淢anagement鈥檚 Discussion and Analysis of Financial Condition and Results of Operations鈥� in Part II, Item 7 and 鈥淨uantitative and Qualitative Disclosures about Risk鈥� in Part II, Item 7A, in Morgan Stanley鈥檚 Annual Report on Form 10-K for the year ended December 31, 2024 and other items throughout the Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, including any amendments thereto.
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Source: Morgan Stanley
