Morgan Stanley (MS) vs Nomura (NMR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Nomura (NMR) has outperformed Morgan Stanley (MS) over the past year, gaining 33.2% versus a gain of 20.4%. Over five years, NMR leads with a +94.7% price change compared with +83.5% for MS. Morgan Stanley is the larger company by market cap ($294.39 billion vs $27.88 billion), about 10.6 times the size, while Nomura is growing revenue faster (+15.2% vs +14.4%).
On valuation, Morgan Stanley trades at a lower forward P/E (13.8x vs 17.0x for Nomura). Nomura offers the higher dividend yield (534.59% vs 2.21%). Morgan Stanley converts more of its revenue into profit, with a net margin of 23.9% versus 2.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MS | NMR |
|---|---|---|
| Share price | $187.44 | $9.54 |
| Market cap | $294.39B | $27.88B |
| 1-day change | -1.20% | +0.10% |
| YTD return | +5.58% | +13.71% |
| 1-year return | +20.42% | +33.24% |
| 5-year return | +83.51% | +94.69% |
| P/E ratio (TTM) | 15.14 | 11.09 |
| Forward P/E | 13.79 | 17.04 |
| EPS (TTM) | $12.38 | $0.86 |
| Dividend yield | 2.21% | 534.59% |
| Annual dividend | $4.15 | $51.00 |
| Revenue (latest FY) | $70.64B | $16.74B |
| Revenue growth (YoY) | +14.38% | +15.25% |
| Net income (latest FY) | $16.86B | $346.00M |
| Net margin | 23.87% | 2.07% |
| 52-week high | $232.25 | $10.94 |
| 52-week low | $151.84 | $6.71 |
| Distance from 52-week high | -19.29% | -12.80% |
| Analyst consensus | buy | none |
| Avg. price target upside | +19.19% | +17.61% |
| Average volume | 5.15M | 780.49K |
| Shares outstanding | 1.57B | 2.92B |
| Employees | 83,000 | 28,677 |
| Sector | Finance | Finance |
| Industry | Investment Bankers/Brokers/Service | Investment Bankers/Brokers/Service |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley is about 10.6 times larger than Nomura by market value ($294.39B vs $27.88B).
- NMR has outperformed MS by 12.8 percentage points over the past year.
- Morgan Stanley trades at a higher earnings multiple (15.1x vs 11.1x trailing P/E).
- Nomura offers a meaningfully higher dividend yield (534.59% vs 2.21%).
- Morgan Stanley is more profitable, keeping 23.9 cents of every revenue dollar as net income versus 2.1 cents for Nomura.
About Morgan Stanley
MS stock →Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Asia, Europe, the Middle East, and Africa. It operates through Institutional Securities, Wealth Management, and Investment Management segments.
Finance · Investment Bankers/Brokers/Service · 83,000 employees
About Nomura
NMR stock →Nomura Holdings, Inc. engages in the provision of investment, financing, and related services to individual, institutional, and government clients worldwide.
Finance · Investment Bankers/Brokers/Service · 28,677 employees
MS vs NMR FAQ
Which is bigger, Morgan Stanley or Nomura?
Morgan Stanley (MS) is larger, with a market capitalization of $294.39B compared with $27.88B for Nomura (NMR).
Which stock has performed better over the past year, MS or NMR?
NMR returned +33.24% over the past 12 months, compared with +20.42% for MS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MS or NMR?
NMR has the lower trailing P/E at 11.1, versus 15.1 for MS. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Morgan Stanley or Nomura?
Nomura has the higher yield at 534.59%, compared with 2.21% for Morgan Stanley.
Are Morgan Stanley and Nomura in the same industry?
Yes. Both are classified in the Investment Bankers/Brokers/Service industry within the Finance sector.