Morgan Stanley’s $8.52 billion in recurring wealth fees and 27.1% ROTCE contrast with JPMorgan’s rising card charge-offs and $11 billion in nonperforming loans.
Morgan Stanley reported $8.52 billion in wealth management fees for Q1 2026, driven by $118.4 billion in net new assets and $54 billion in fee-based flows. The bank’s 27.1% return on tangible common equity highlights its defensive income model, relying on sticky advisory and wealth revenue streams.
JPMorgan’s credit exposure faced pressure, with card charge-off rates reaching 3.46% and nonperforming loans rising 11% to $11 billion. While the bank’s universal model spans cards, payments, and trading, its cyclical risks contrast with Morgan Stanley’s fee-based stability.
Morgan Stanley targets $10 trillion in client assets, with shares up 52% over the past year. Institutional Securities revenue hit $10.72 billion, though Investment Management saw a 4% dip on $11.6 billion in equity outflows.