Morgan Stanley announced it will increase its quarterly common stock dividend to $1.15 per share from the current $1.00 per share, beginning with the dividend expected to be declared in the third quarter of 2026. Additionally, the firm's Board of Directors reauthorized a multi-year common equity share repurchase program of up to $20 billion, effective from the third quarter of 2026. These capital allocation decisions underscore the firm's confidence in its financial strength and durable returns.

Ted Pick, Chairman and Chief Executive Officer of Morgan Stanley, stated that the firm's globally scaled business supports strong capital positions, providing the flexibility to invest in growth while increasing capital returns to shareholders. The share repurchases will be executed from time to time at prices deemed appropriate, subject to market conditions, capital position, and the economic outlook.

Capital and Regulatory Position

The Board of Governors of the Federal Reserve System released its CCAR 2026 results on June 24, 2026, which do not impact the firm's Stress Capital Buffer (SCB) requirement. The Federal Reserve expects the firm to remain subject to its current SCB requirement of 4.3% until October 1, 2027. This SCB, combined with other regulatory features, results in an aggregate U.S. Basel III Standardized Approach Common Equity Tier 1 (CET1) ratio of 11.8%. As of March 31, 2026, the firm's U.S. Basel III Standardized Approach CET1 ratio stood at 15.1%.

Key Capital Actions

Morgan Stanley Bank, N.A. has received its tenth consecutive Outstanding rating from the Office of the Comptroller of the Currency (OCC) for its community reinvestment performance. The rating reflects the bank's success in meeting the credit needs of the communities it serves through combined activities across both of its national bank subsidiaries. The OCC evaluation highlighted a total of $5.5 billion in community development loans and investments that supported affordable housing, community services, and small businesses.

The OCC report detailed specific initiatives that contributed to the rating, including significant capital deployed toward housing and economic development. These efforts encompass construction and rehabilitation projects as well as financing for entrepreneurs who lack access to traditional capital sources.

Key Community Development Initiatives

The following table outlines the major investments and loans cited in the OCC report that drove the Outstanding rating:

John Ryan, Head of U.S. Banks at Morgan Stanley, attributed the sustained success to the firm's continued commitment to affordable housing, economic development, and community services. Sarah Brundage, President and CEO of the National Association of Affordable Housing Lenders, commended the bank for its leadership in advancing economic opportunity and equitable access to capital.

Joy Hoffmann, Managing Director of Morgan Stanley Community Development Finance, emphasized the role of collaboration with the Community Development Advisory Board and other partners. She noted that designing and executing innovative ideas is essential to delivering solutions where they are most needed.