Morgan Stanley has been named a lead underwriter for Solidigm's planned US initial public offering, which could raise about US$10.00 billion, and is also participating in merger interest discussions around UBS AG. The bank is preparing to report earnings on 14 October 2026, with consensus pointing to a 7.7% year over year revenue increase to US$19.63 billion and modest EPS growth. Morgan Stanley's own narrative projects $89.6 billion in revenue and $20.2 billion in earnings by 2029, requiring 4.8% yearly revenue growth and about a $0.7 billion earnings increase from $19.5 billion today, while some of the lowest estimate analysts see revenue growth closer to 3.9% annually and earnings dipping toward about US$17.4 billion. The developments come alongside a planned Dallas expansion and upcoming presentations on digital assets and tokenization, as fee compression from passive products and evolving regulation remain key risks.
Morgan StanleyNamed lead underwriter for Solidigm's ~$10B IPO, a fee-generating mandate for Morgan Stanley.
UBS Group AGUBS AG is only mentioned as part of merger interest discussions Morgan Stanley is participating in, with no concrete development.
