"Job cuts are reportedly occurring across multiple divisions, including investment banking, trading, investment management and wealth management. Within wealth management, private bankers and back-office support staff were among those affected. Layoffs began last week, with many occurring Wednesday, according to sources cited by WSJ."
"Morgan Stanley reported $70.6 billion in full-year net revenue in 2025, up from $61.8 billion the prior year. Net income attributable to Morgan Stanley rose from $13.4 billion to $16.9 billion during the same period."
"In the mortgage market, New York-based Morgan Stanley ranks as the 33rd-largest U.S. lender, generating about $13 billion in mortgage volume in 2025 a 19% year-over-year increase, according to Inside Mortgage Finance. Data from RETR shows the bank primarily focuses on purchase and conventional loans, with an average loan size of about $918,000."
Morgan Stanley is implementing job cuts across investment banking, trading, investment management, and wealth management divisions, with private bankers and back-office support staff among those affected. Layoffs began last week with significant reductions occurring on Wednesday. This restructuring occurs despite the bank's strong financial performance, with full-year net revenue reaching $70.6 billion, up from $61.8 billion previously, and net income rising to $16.9 billion from $13.4 billion. In the mortgage market, Morgan Stanley ranks as the 33rd-largest U.S. lender with approximately $13 billion in mortgage volume in 2025, representing a 19% year-over-year increase, primarily focusing on purchase and conventional loans with an average loan size of $918,000.
Read at www.housingwire.com
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