MORGAN STANLEY
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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17. Interest Income and Interest Expense
- Interest Income and Interest Expense
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| $ in millions | 2026 | 2025 | 2026 | 2025 |
| Interest income | ||||
| Cash and cash equivalents | $907 | $608 | $2,331 | $1,894 |
| Investment securities | 1,325 | 1,379 | 3,940 | 3,983 |
| Loans | 4,032 | 3,620 | 11,419 | 10,406 |
| Securities purchased under agreements to resell1 | 4,144 | 3,837 | 11,388 | 11,033 |
| Securities borrowed2 | 1,344 | 1,701 | 4,636 | 4,990 |
| Trading assets, net of Trading liabilities | 2,149 | 1,593 | 6,091 | 4,605 |
| Customer receivables and Other | 2,287 | 2,718 | 7,558 | 7,198 |
| Total interest income | $16,188 | $15,456 | $47,363 | $44,109 |
| Interest expense | ||||
| Deposits | $3,090 | $2,823 | $8,346 | $7,948 |
| Borrowings | 3,463 | 3,181 | 10,056 | 9,398 |
| Securities sold under agreements to repurchase3 | 3,521 | 3,394 | 10,709 | 9,824 |
| Securities loaned4 | 613 | 864 | 2,158 | 2,318 |
| Customer payables and Other | 2,251 | 2,703 | 7,361 | 7,430 |
| Total interest expense | $12,938 | $12,965 | $38,630 | $36,918 |
| Net interest | $3,250 | $2,491 | $8,733 | $7,191 |
Includes interest paid on Securities purchased under agreements to resell.
Includes fees paid on Securities borrowed.
Includes interest received on Securities sold under agreements to repurchase.
Includes fees received on Securities loaned.
Interest income and Interest expense are classified in the income statement based on the nature of the instrument and related market conventions. When included as a component of the instrument’s fair value, interest is included within Trading revenues or Investments revenues. Otherwise, it is included within Interest income or Interest expense.
Accrued Interest
| $ in millions | At September 30,2026 | At December 31,2025 |
|---|---|---|
| Customer and other receivables | $4,989 | $4,051 |
| Customer and other payables | 5,671 | 4,663 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.