Morgan Stanley (MS) Fixed Income Investor Presentation summary

Capital position and financial strength

• Net income reached $15.0 billion, with common equity at $104.5 billion and tangible common equity at $81.5 billion as of 1Q26.

• Standardized Common Equity Tier 1 Ratio remained strong at 15.9% in 1Q26, with a supplementary leverage ratio of 5.6%.

• Tier 1 leverage ratio was 6.1% in 1Q26, reflecting robust capital adequacy.

Liquidity and funding

• Liquidity coverage ratio averaged 130-134% from 2021 to 1Q26, with eligible high-quality liquid assets at $239 billion in 1Q26.

• Average total liquidity resources stood at $315 billion in 1Q26, with a diversified composition including U.S. government obligations and central bank deposits.

• Core funding is supported by $114 billion in deposits and $352 billion in borrowings as of 1Q26, with a weighted average maturity of 6.3 years.

Debt structure and loss-absorbing capacity

• Unsecured debt issuance totaled $75 billion in 1Q26, diversified by currency and tenor.

• Total loss-absorbing capacity (TLAC) as a percentage of risk-weighted assets was 21.5%, well above the required 8.0%.

• Eligible long-term debt as a percentage of leverage exposure was 10.6% in 1Q26.