CLAIM #44135 · Morgan Stanley (MS) · 2025Q4 earnings call · Jan 15, 2026 · due Dec 31, 2026
“That even with the ongoing investments we're making, back to Mike's question on AI, in core technology or in ongoing AI efficiency and effectiveness tools, we would expect that if the markets are conducive and we execute, so those are two ifs, Markets, you know, market is constructive, and we execute, across wealth and the investment bank and and I am as well. That we should continue to realize operating leverage.”
Ted Pick · CEO
PENDING
graded after results covering Dec 31, 2026 are reported
How to check this claim
Look at: Operating leverage (revenue growth rate minus expense growth rate, or as management characterizes it, firmwide or by segment)
It came true if: Positive operating leverage achieved (revenue growth > expense growth) for fiscal year 2026
Where: Company quarterly and full-year income statement / management commentary on earnings calls
Verify independently
SEC filings for MS ↗ · Claim quote is verbatim from the 2025Q4 earnings call.