Morgan Stanley (MS) Fixed Income Investor presentation summary

Capital position and financial strength

• Net income reached $11.1Bn in 1H26, following $15.0Bn in 2021 and $16.9Bn in 2022, showing resilience despite fluctuations.

• Common equity stood at $90.3Bn in 2Q26, with tangible common equity at $83.6Bn.

• Standardized Common Equity Tier 1 ratio was 14.9% in 2Q26, maintaining strong regulatory capital levels.

• Supplementary leverage ratio remained stable at 5.4% in 2Q26.

Liquidity and funding profile

• Liquidity coverage ratio was 134% in 2Q26, with average eligible high-quality liquid assets at $253Bn.

• Average total liquidity resources were $315Bn in 2Q26, with a diversified composition including U.S. government obligations and central bank deposits.

• Core funding reached $446Bn in 2Q26, supported by strong shareholders’ equity and client deposits.

• Weighted average maturity of borrowings was 6.1 years, enhancing funding durability.

Debt structure and loss-absorbing capacity

• Unsecured debt issuance was diversified by currency and tenor, with $74Bn issued in 1H26.

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

• Eligible long-term debt as a percentage of leverage exposure was 10.4% in 2Q26.