# Morgan Stanley vs peers: AI and technology compared

Source: https://www.bankingnewsai.com/banks/morgan-stanley/vs-peers
Last updated: Oct 20, 2026

*Part of the [Morgan Stanley AI strategy profile](https://www.bankingnewsai.com/banks/morgan-stanley). Peer group: Goldman Sachs, JPMorgan Chase, Bank of America, The Charles Schwab Corporation, UBS (US), Wells Fargo, Citigroup, Raymond James Financial, UBS Group AG.*

## How does Morgan Stanley compare with its peers on AI and technology?

Morgan Stanley scores 69.7 on this site's US AI disclosure index (#34 of 120), last of the nine US firms in its investment-banking and wealth peer group, behind Bank of America (97.3), Citigroup (94.9), JPMorgan Chase (89), Wells Fargo (88.8), Raymond James (84.5), Schwab (80.7), Goldman Sachs (79.9) and UBS's US bank (75.3). The low score reflects a thin public record, not a late start: it publishes few figures (12 against a peer median of 18.5) and has the fewest dated AI moves in the last year (19 against 30). On substance it was early and has stayed distinctive. It put OpenAI's models in front of financial advisors first: a strategic partnership in March 2023 and an Assistant fully rolled out that September and used by 98% of advisor teams, years before Merrill's AI meeting journey (March 2026) and Wells Fargo's AI Teammate for advisers (July 2026). About 98% of its 80,000 employees had access to a generative-AI tool by mid-2026. And it is opening its platforms to clients' own AI agents: in June 2026 it said ShareWorks and Equity Edge would accept external agents via MCP, reaching all 3,400 stock-plan clients by 2027, while JPMorgan Chase said in October 2026 that it will not let outside agents operate inside accounts. ([Morgan Stanley](https://www.morganstanley.com/press-releases/key-milestone-in-innovation-journey-with-openai), [CNBC](https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html), [CIO Dive](https://www.ciodive.com/news/wells-fargo-debuts-ai-powered-teammate-financial-advisers/825353/), [American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking), [CNBC](https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html), [CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html))

## Where does Morgan Stanley lead its peers on AI?

- **First Wall Street firm with OpenAI in advisors' hands.** Morgan Stanley named OpenAI its wealth unit's strategic AI partner in March 2023 and fully rolled out the AI @ Morgan Stanley Assistant that September; 98% of advisor teams adopted it, and Debrief for meeting notes followed in June 2024. Bank of America's AI meeting journey reached about 15,000 Merrill and Private Bank employees in March 2026 and Wells Fargo launched AI Teammate for advisers in July 2026. ([Morgan Stanley](https://www.morganstanley.com/press-releases/key-milestone-in-innovation-journey-with-openai), [CNBC](https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html), [CIO Dive](https://www.ciodive.com/news/wells-fargo-debuts-ai-powered-teammate-financial-advisers/825353/))
- **Opening its platforms to clients' AI agents while JPMorgan blocks them.** In June 2026 Morgan Stanley said its ShareWorks and Equity Edge stock-plan platforms would accept clients' external AI agents through the Model Context Protocol, starting with a handful of clients and reaching all 3,400 administration clients by 2027. JPMorgan Chase's CEO said on October 13, 2026 that the bank will not let outside agents operate inside customer accounts. ([CNBC](https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html), [CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html))
- **A measured agent in production on the institutional side.** FIXR, an internal agentic system for end-of-day P&L reconciliation, cut a job that took up to six hours per book to two or three, about 1,500 hours a week across roughly 100 controllers (VentureBeat, June 2026). Morgan Stanley's design turns repeated manual fixes into fixed rules rather than leaving them to the model; Goldman Sachs describes agents qualitatively, with new joiners managing a 'virtual army' of them. ([VentureBeat](https://venturebeat.com/orchestration/morgan-stanley-cut-its-riskiest-reconciliation-job-in-half-by-making-its-agents-less-autonomous), [Bloomberg](https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says))
- **Design partner for OpenAI's tools for bankers.** OpenAI launched ChatGPT for Financial Services in September 2026, shaped with Morgan Stanley and Evercore, and a banker research tool for which Morgan Stanley was a design partner. Bank of America extended a $520 million credit line to OpenAI in July 2026 but has not been named as a product partner. ([OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [Fortune](https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/), [American Banker](https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers), [Reuters (Yahoo Finance)](https://finance.yahoo.com/news/bofa-extends-first-520-million-165741747.html))

## Where does Morgan Stanley trail its peers on AI?

- **The thinnest record of dated moves and numbers in the group.** The profile records 19 dated AI moves in the last 12 months, last of nine against a peer median of 30 and 34 at Bank of America, and 12 disclosed numbers, also last, against 27 at Bank of America. Morgan Stanley does not publish AI use-case counts, solution counts or AI spend. ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-ms-q2-2026-003219361.html))
- **Fewer primary disclosures than Bank of America or Raymond James.** Morgan Stanley has 9 primary disclosures on its AI on this site against 23 for Bank of America and Raymond James and a peer median of 17. Raymond James reported 6,500 unique users of its Rai operations agent shortly after its enterprise rollout (July 2026). ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html))
- **Lost its first head of firmwide AI.** Jeff McMillan, Morgan Stanley's first head of firmwide AI, left in early 2026 to found McMillanAI; the AI platform is now led by Madhu Coimbatore. Goldman Sachs, JPMorgan Chase and Citigroup each keep a long-serving named technology chief at the center of their AI programs, with 16 to 19 named AI leaders on their profiles against Morgan Stanley's 13. ([American Banker](https://www.americanbanker.com/news/the-biggest-ai-spenders-are-hiring-more-too), [Brillio (PR Newswire)](https://www.prnewswire.com/news-releases/as-financial-services-moves-from-ai-pilots-to-ai-operations-brillio-appoints-jeff-mcmillan-as-independent-director-302788277.html), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance), [American Banker](https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking))
- **Client-facing assistants still in testing.** Morgan Stanley's client-facing digital assistants entered testing in summer 2026. Schwab unveiled Charley, a generative-AI assistant that completes tasks for retail clients by voice or text, on September 30, 2026, and Bank of America's Erica has served nearly 50 million users. ([Reuters](https://www.reuters.com/business/finance/wall-street-banks-ramp-up-digital-assistants-bid-to-win-productivity-race-2026-07-13/), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html))

## Where does Morgan Stanley rank against its peers on AI disclosure?

Scores from the US AI disclosure index of 120 banks (0–100; 45% of the weight on independent coverage). The index measures what each bank has put on the public record and what outside outlets have reported about its AI, not capability or spending; every count is of entries on that bank's profile, each of which cites its sources.

| Bank | Score | Rank | Independent sources | Own disclosures | Use cases in production | Moves, last 12 months | Named AI platform |
| --- | --- | --- | --- | --- | --- | --- | --- |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | [97.3](https://www.bankingnewsai.com/banks/ai-index) | #1 of 120 | [37](https://www.bankingnewsai.com/banks/bank-of-america#sources) | [24](https://www.bankingnewsai.com/banks/bank-of-america#sources) | [16 of 18](https://www.bankingnewsai.com/banks/bank-of-america#where) | [34](https://www.bankingnewsai.com/banks/bank-of-america#timeline) | Erica (and EricaAssist) ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html), [American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) |
| [Citigroup](https://www.bankingnewsai.com/banks/citigroup) | [94.9](https://www.bankingnewsai.com/banks/ai-index) | #2 of 120 | [42](https://www.bankingnewsai.com/banks/citigroup#sources) | [19](https://www.bankingnewsai.com/banks/citigroup#sources) | [15 of 20](https://www.bankingnewsai.com/banks/citigroup#where) | [34](https://www.bankingnewsai.com/banks/citigroup#timeline) | Citi Stylus Workspaces ([The Wall Street Journal](https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90), [Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | [89](https://www.bankingnewsai.com/banks/ai-index) | #6 of 120 | [43](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [20](https://www.bankingnewsai.com/banks/jpmorgan-chase#sources) | [8 of 15](https://www.bankingnewsai.com/banks/jpmorgan-chase#where) | [32](https://www.bankingnewsai.com/banks/jpmorgan-chase#timeline) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | [88.8](https://www.bankingnewsai.com/banks/ai-index) | #7 of 120 | [32](https://www.bankingnewsai.com/banks/wells-fargo#sources) | [15](https://www.bankingnewsai.com/banks/wells-fargo#sources) | [13 of 16](https://www.bankingnewsai.com/banks/wells-fargo#where) | [33](https://www.bankingnewsai.com/banks/wells-fargo#timeline) | Fargo and the Google Cloud agent stack ([Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf), [VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones), [American Banker](https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide)) |
| [Raymond James Financial](https://www.bankingnewsai.com/banks/raymond-james) | [84.5](https://www.bankingnewsai.com/banks/ai-index) | #12 of 120 | [19](https://www.bankingnewsai.com/banks/raymond-james#sources) | [23](https://www.bankingnewsai.com/banks/raymond-james#sources) | [14 of 16](https://www.bankingnewsai.com/banks/raymond-james#where) | [21](https://www.bankingnewsai.com/banks/raymond-james#timeline) | Rai, AI Search and the advisor desktop ([Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence), [GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion)) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | [80.7](https://www.bankingnewsai.com/banks/ai-index) | #19 of 120 | [18](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [14](https://www.bankingnewsai.com/banks/charles-schwab#sources) | [15 of 19](https://www.bankingnewsai.com/banks/charles-schwab#where) | [24](https://www.bankingnewsai.com/banks/charles-schwab#timeline) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | [79.9](https://www.bankingnewsai.com/banks/ai-index) | #22 of 120 | [39](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [15](https://www.bankingnewsai.com/banks/goldman-sachs#sources) | [7 of 13](https://www.bankingnewsai.com/banks/goldman-sachs#where) | [28](https://www.bankingnewsai.com/banks/goldman-sachs#timeline) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) |
| [UBS (US)](https://www.bankingnewsai.com/banks/ubs-usa) | [75.3](https://www.bankingnewsai.com/banks/ai-index) | #31 of 120 | [21](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [9](https://www.bankingnewsai.com/banks/ubs-usa#sources) | [10 of 14](https://www.bankingnewsai.com/banks/ubs-usa#where) | [22](https://www.bankingnewsai.com/banks/ubs-usa#timeline) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) |
| [Morgan Stanley (this page)](https://www.bankingnewsai.com/banks/morgan-stanley) | [69.7](https://www.bankingnewsai.com/banks/ai-index) | #34 of 120 | [21](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9](https://www.bankingnewsai.com/banks/morgan-stanley#sources) | [9 of 14](https://www.bankingnewsai.com/banks/morgan-stanley#where) | [19](https://www.bankingnewsai.com/banks/morgan-stanley#timeline) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) |
| [UBS Group AG](https://www.bankingnewsai.com/banks/ubs) | Not in the US index | — | — | — | [11 of 15](https://www.bankingnewsai.com/banks/ubs#where) | [23](https://www.bankingnewsai.com/banks/ubs#timeline) | UBS Claves, Red and Microsoft 365 Copilot under the Chief AI Office ([UBS Group AG](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS Group AG](https://www.ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) |

## On which parts of the AI record is Morgan Stanley ahead of or behind its peers?

Each row is one input of the index, counted on the profiles of Morgan Stanley and the 8 peers that are scored on the same basis. "Place" is Morgan Stanley's position in the group of 9 (1st = most).

| Component (weight) | Morgan Stanley | Peer median | Most in the group | Place |
| --- | --- | --- | --- | --- |
| Independent sources (45%) | 21 | 34.5 | [JPMorgan (43)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 6th of 9 |
| Use cases in production (10%) | 9 | 13.5 | [BofA (16)](https://www.bankingnewsai.com/banks/bank-of-america) | 7th of 9 |
| Own primary disclosures (10%) | 9 | 17 | [BofA (24)](https://www.bankingnewsai.com/banks/bank-of-america) | 8th of 9 |
| Dated moves, last 12 months (10%) | 19 | 30 | [BofA (34)](https://www.bankingnewsai.com/banks/bank-of-america) | 9th of 9 |
| Disclosed numbers (5%) | 12 | 18.5 | [BofA (28)](https://www.bankingnewsai.com/banks/bank-of-america) | 9th of 9 |
| Named AI leaders (5%) | 13 | 16 | [JPMorgan (19)](https://www.bankingnewsai.com/banks/jpmorgan-chase) | 8th of 9 |
| Use cases described (5%) | 14 | 16 | [Citi (20)](https://www.bankingnewsai.com/banks/citigroup) | 7th of 9 |

## What has each bank in Morgan Stanley's peer group disclosed about its AI?

Facts from each bank's profile, cited to the profile's own sources. "Not disclosed" means the bank's public record, as cited on its profile, does not state it.

| Bank | Platform or assistant, as the profile names it | AI leaders named | Headline AI number disclosed | Patents on the record | Open AI roles |
| --- | --- | --- | --- | --- | --- |
| [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | AI @ Morgan Stanley (Assistant, Debrief) and AskResearchGPT ([Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards)) | [13, incl. Michael Pizzi (Head of Technology)](https://www.bankingnewsai.com/banks/morgan-stanley#people) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | Employees with gen-AI access: ≈ 98% of 80,000 (Jun 1, 2026) ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking)) | 3 patents listed on the profile, e.g. US 2026/0051336 A1 (Enhancing audio and video media using generative AI) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260051336A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/morgan-stanley#roles) |
| [Goldman Sachs](https://www.bankingnewsai.com/banks/goldman-sachs) | GS AI Platform and GS AI Assistant ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | [16, incl. Marco Argenti (Chief Information Officer)](https://www.bankingnewsai.com/banks/goldman-sachs#people) ([CNBC](https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) | Employees with GS AI Assistant: 46,000 (all) (Jul 25, 2025) ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month)) | 5 patents listed on the profile, e.g. US 2026/0072655 A1 (Context injection for AI coding assistants) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260072655A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/goldman-sachs#roles) |
| [JPMorgan Chase](https://www.bankingnewsai.com/banks/jpmorgan-chase) | LLM Suite ([American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai), [American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management)) | [19, incl. Lori Beer (Global Chief Information Officer)](https://www.bankingnewsai.com/banks/jpmorgan-chase#people) ([American Banker](https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking)) | Technology employees: 65,000+ (Oct 1, 2026) ([American Banker](https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase)) | 6 patents listed on the profile, e.g. US 2026/0010713 A1 (Generative ML framework producing predictive results on financial transactions) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260010713A1/en)) | [12+ open AI roles (Oct 1, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/jpmorgan-chase#roles) |
| [Bank of America](https://www.bankingnewsai.com/banks/bank-of-america) | Erica (and EricaAssist) ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html), [American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) | [17, incl. Hari Gopalkrishnan (Chief Technology and Information Officer)](https://www.bankingnewsai.com/banks/bank-of-america#people) ([The Wall Street Journal](https://www.wsj.com/articles/the-man-behind-bank-of-americas-13-billion-tech-agenda-3d770a2d), [American Banker](https://www.americanbanker.com/news/bofas-cto-is-12-on-the-most-innovative-people-in-finance-ranking)) | Erica interactions per day: 2 million (Jan 22, 2026) ([American Banker](https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people)) | 8 patents listed on the profile, e.g. US 12,705,363 B2 (Vulnerability detection and mitigation using artificial intelligence in an electronic environment: Generates a vulnerability attribute for a network device from source data using AI.) ([Google Patents (USPTO)](https://patents.google.com/patent/US12705363B2/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/bank-of-america#roles) |
| [The Charles Schwab Corporation](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, Portfolio Insights, Schwab Knowledge Assistant and Schwab Advisor AI in Action ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx), [Charles Schwab](https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line), [Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx), [Banking Dive](https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079)) | [14, incl. Rick Wurster (President and CEO)](https://www.bankingnewsai.com/banks/charles-schwab#people) ([Bloomberg](https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers), [Bloomberg](https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers)) | Retail clients wanting AI paired with human expertise: ≈ 70% (of ≈ 1,000 surveyed) (May 5, 2026) ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx)) | 4 patents listed on the profile, e.g. US 2025/0077917 A1 (Iterative generation and plotting of machine-learning outcomes) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250077917A1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/charles-schwab#roles) |
| [UBS (US)](https://www.bankingnewsai.com/banks/ubs-usa) | UBS Claves, the Chief AI Office and the 'Big Rocks' ([UBS](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS](https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html)) | [15, incl. Sergio Ermotti (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/ubs-usa#people) ([Banking Dive](https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572)) | Live AI use cases (group): 300+ (Oct 16, 2025) ([UBS](https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html)) | 2 patents listed on the profile, e.g. US 11,429,879 B2 (Identifying dynamic thematic relationships over time with machine-learning models) ([Google Patents (USPTO)](https://patents.google.com/patent/US11429879B2/en)) | [2 open AI roles (Sep 24, 2026); most in AI product & strategy](https://www.bankingnewsai.com/banks/ubs-usa#roles) |
| [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Fargo and the Google Cloud agent stack ([Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf), [VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm), [Wells Fargo (Business Wire)](https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones), [American Banker](https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide)) | [16, incl. Saul Van Beurden (Head of AI)](https://www.bankingnewsai.com/banks/wells-fargo#people) ([Wells Fargo via FT Markets](https://markets.ft.com/data/announce/detail?dockey=600-202511201615BIZWIRE_USPRX____20251120_BW971693-1), [Bloomberg](https://www.bloomberg.com/news/articles/2026-01-26/wells-fargo-taps-amazon-web-services-executive-to-expand-ai-use)) | Fargo interactions, 2024: 245 million (2024); 336 million since launch at the time (Apr 8, 2025) ([VentureBeat](https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm)) | 6 patents listed on the profile, e.g. US 2026/0087043 A1 (Model-based personal advisor) ([Google Patents (USPTO)](https://patents.google.com/patent/US20260087043A1/en)) | [12+ open AI roles (Sep 24, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/wells-fargo#roles) |
| [Citigroup](https://www.bankingnewsai.com/banks/citigroup) | Citi Stylus Workspaces ([The Wall Street Journal](https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90), [Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) | [18, incl. Tim Ryan (Head of Technology and Business Enablement)](https://www.bankingnewsai.com/banks/citigroup#people) ([Reuters](https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/)) | Colleagues using AI tools: 80%+ (Apr 14, 2026) ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) | 4 patents listed on the profile, e.g. US 12,450,494 B1 (Validating autonomous AI agents using generative AI) ([Google Patents (USPTO)](https://patents.google.com/patent/US12450494B1/en)) | [12+ open AI roles (Oct 1, 2026); most in AI engineering](https://www.bankingnewsai.com/banks/citigroup#roles) |
| [Raymond James Financial](https://www.bankingnewsai.com/banks/raymond-james) | Rai, AI Search and the advisor desktop ([Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence), [GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion)) | [13, incl. Paul Shoukry (Chief Executive Officer)](https://www.bankingnewsai.com/banks/raymond-james#people) ([GlobeNewswire via FT Markets](https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2), [Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence)) | Share move on AI-disruption fears: −8.8% (10 Feb 2026) (Feb 10, 2026) ([Bloomberg](https://bloomberg.com/news/articles/2026-02-10/wealth-manager-stocks-sink-as-new-ai-tool-sparks-disruption-fear)) | 4 patents listed on the profile, e.g. US 2025/0378492 A1 (Smart contracts for multiple oracle networks) ([Google Patents (USPTO)](https://patents.google.com/patent/US20250378492A1/en)) | [2 open AI roles (Oct 1, 2026); most in ML & data science](https://www.bankingnewsai.com/banks/raymond-james#roles) |
| [UBS Group AG](https://www.bankingnewsai.com/banks/ubs) | UBS Claves, Red and Microsoft 365 Copilot under the Chief AI Office ([UBS Group AG](https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html), [UBS Group AG](https://www.ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm), [UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) | [16, incl. Sergio P. Ermotti (Group Chief Executive Officer)](https://www.bankingnewsai.com/banks/ubs#people) ([Banking Dive](https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572), [Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194), [UBS Group AG (SEC filing)](https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm)) | Live AI use cases in production: 560 (92% up year on year), with another 920+ applications in development (Jul 29, 2026) ([UBS Group AG and UBS AG (Business Wire)](https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules)) | 3 patents listed on the profile, e.g. US 11,429,879 B2 (Identifying dynamic thematic relationships over time with machine-learning models) ([Google Patents (USPTO)](https://patents.google.com/patent/US11429879B2/en)) | Not surveyed |

## What are the latest dated moves on the AI record of Morgan Stanley and its peers?

The two newest dated entries of each bank since Oct 16, 2025, from the timelines of the profiles (which also log filings, results and deals that bear on the AI record), newest first.

| Date | Bank | Move |
| --- | --- | --- |
| Oct 13, 2026 | [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Q3 2026 call: AI agents in code, marketing, cyber, underwriting ([PYMNTS](https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets), [Wells Fargo](https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf)) |
| Oct 13, 2026 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | Treasury, FinCEN and OCC impose $1.21 billion in AML and sanctions penalties ([U.S. Department of the Treasury](https://home.treasury.gov/news/press-releases/sb0657), [Office of the Comptroller of the Currency](https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html), [Banking Dive](https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915)) |
| Oct 13, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Q3 2026 call: outside AI agents stay blocked; AI spend put near $700 million ([CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html), [Banking Dive](https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870), [American Banker](https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents)) |
| Oct 13, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Q3 2026 call: Solomon sets out AI guardrails and compute-supply risk ([Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164), [American Banker](https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai)) |
| Oct 8, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | How Charley was built: employee testing, confirmation before any change ([Traders Magazine](https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/)) |
| Oct 8, 2026 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | Sneader: new joiners 'are managing agents' ([Bloomberg](https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says)) |
| Oct 6, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs) | Evident index: UBS sixth, the only European bank in the top ten ([Euronews via Yahoo Finance](https://finance.yahoo.com/news/ubs-only-european-bank-top-054547722.html)) |
| Oct 6, 2026 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | Evident AI Index: seventh, up from tenth ([American Banker](https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 6, 2026 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | Evident AI Index: first for the fourth consecutive year ([American Banker](https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens)) |
| Oct 1, 2026 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | Payments chief: no AI model to authorise payments ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-7-debopama-sen-citi)) |
| Oct 1, 2026 | [Wells Fargo](https://www.bankingnewsai.com/banks/wells-fargo) | Engle: $10 billion technology budget, nearly 200,000 staff with AI tools ([American Banker](https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo)) |
| Sep 30, 2026 | [Schwab](https://www.bankingnewsai.com/banks/charles-schwab) | Charley, a gen-AI assistant for retail clients, unveiled ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx), [Charles Schwab (Yahoo Finance)](https://finance.yahoo.com/technology/ai/articles/meet-charley-schwab-ai-powered-130000718.html)) |
| Sep 29, 2026 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | Market Guide platform relaunched with AI at Sibos ([Citigroup (Business Wire)](https://secure.businesswire.com/news/home/20260929289110/en/Citi-Investor-Services-Reimagines-Market-Guide-Platform-Harnessing-AI-to-Deliver-Timely-Intelligence-for-Decision-Makers)) |
| Sep 22, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs) | Ermotti at the BofA conference: AI 'is not for free' ([Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194)) |
| Sep 22, 2026 | [Raymond James](https://www.bankingnewsai.com/banks/raymond-james) | Meta's Muse reignites the AI selloff ([CNBC](https://www.cnbc.com/2026/09/23/metas-muse-ai-causes-schwab-selloff.html)) |
| Sep 22, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | Ermotti at the Bank of America conference ([Investing.com](https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194)) |
| Sep 21, 2026 | [Raymond James](https://www.bankingnewsai.com/banks/raymond-james) | Expanded AWS collaboration to advance AI-powered advisor insights ([Raymond James](https://www.raymondjames.com/advisor-opportunities/press-releases/2026/09/21/raymond-james-strengthens-data-and-analytics-capabilities-to-advance-ai-powered-advisor-insights)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | Design partner for OpenAI's banker research tool ([American Banker](https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers)) |
| Sep 10, 2026 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | OpenAI launches ChatGPT for Financial Services, shaped with Morgan Stanley and Evercore ([OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [Fortune](https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/)) |
| Sep 6, 2026 | [UBS](https://www.bankingnewsai.com/banks/ubs-usa) | AI proficiency required of new junior bankers ([Financial Times](https://www.ft.com/content/76b370ff-b5f6-4e22-aa30-da08b1abb8f8)) |

## How do Morgan Stanley's AI tools for advisors compare with Merrill's, UBS's and Wells Fargo's?

Each firm's own description of the AI it gives its advisors. Usage figures are self-reported and measured differently.

| Firm | Advisor AI | Since | Usage disclosed |
| --- | --- | --- | --- |
| Morgan Stanley | AI @ Morgan Stanley Assistant and Debrief on OpenAI models; Roth Conversion Analyst and 'super agents' built from smaller agents across 3,500+ tools | September 2023 (Assistant); June 2024 (Debrief) | 98% of advisor teams use the Assistant ([CNBC](https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Financial Planning](https://www.financial-planning.com/news/behind-the-marvel-movie-inspired-ai-super-agents-coming-to-morgan-stanley), [WealthManagement.com](https://www.wealthmanagement.com/artificial-intelligence/morgan-stanley-s-wealth-head-addresses-ai-driven-pressures)) |
| Bank of America (Merrill) | AI-Powered Meeting Journey: preparation, consented note-taking and follow-up on Salesforce and Zoom | March 2026 | About 15,000 Merrill and Private Bank employees in the first phase; up to four hours saved per meeting ([Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html), [Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html)) |
| UBS (US) | STAAT Insights, Copilot and advisor agents that send alerts and, after approval, trade and move money | 2025-2026 | About 80% of US advisors use STAAT Insights; Copilot usage above 85%; about 10,000 hours a month saved on meeting preparation ([Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients)) |
| Wells Fargo | Advisor Gateway desktop with Aladdin Wealth 'Auto Commentary' and AI Teammate chat | May and July 2026 | More than 200 tools in one desktop; thousands of prompts soon after launch ([InvestmentNews](https://investmentnews.com/wirehouses/wirehouse-watch-wells-fargo-debuts-ai-powered-advisor-platform/266496), [CIO Dive](https://www.ciodive.com/news/wells-fargo-debuts-ai-powered-teammate-financial-advisers/825353/)) |
| Raymond James | Rai (renamed Raimond), a proprietary AI operations agent; AI Search and CRM Note Assistant | 2025-2026 | 6,500 unique Rai users ([MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html), [Raymond James](https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence)) |
| Charles Schwab | Schwab Advisor Center connected to Anthropic's Claude for Financial Advisors; AI Service Assistant transcribing live interactions | 2026 | 16,000-plus RIAs offered the Claude connector; about 60,000 interactions a day transcribed ([Charles Schwab](https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-and-Anthropic-to-Bring-Claude-to-Independent-Registered-Investment-Advisors/default.aspx), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/schwab-schw-q1-2026-earnings-145425271.html)) |

## How does Morgan Stanley's enterprise AI compare with Goldman Sachs's and JPMorgan's?

Firm-wide platforms, coding tools and agents, as each firm has described them.

| Firm | Platform and agents | Scale disclosed | Date |
| --- | --- | --- | --- |
| Morgan Stanley | Firmwide generative-AI access; AskResearchGPT over 70,000+ research reports; FIXR reconciliation agent; DevGen.AI code modernization | About 98% of 80,000 employees with access; about 16 million lines of legacy code modernized; about 1,500 controller hours a week saved | 2024-2026 ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking), [Morgan Stanley](https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt), [VentureBeat](https://venturebeat.com/orchestration/morgan-stanley-cut-its-riskiest-reconciliation-job-in-half-by-making-its-agents-less-autonomous)) |
| Goldman Sachs | GS AI Platform and GS AI Assistant; GitHub Copilot and Cognition's Devin for developers | All 46,000 employees; more than a million prompts a month; 12,000 developers with coding assistants | 2024-2026 ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance)) |
| JPMorgan Chase | LLM Suite over third-party models; almost 1,000 AI use cases | About 250,000 employees with access, about half daily users | 2024-2026 ([American Banker](https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/jpmorgan-chase-jpm-q2-2026-124458999.html)) |
| Citigroup | Citi Stylus Workspaces; agentic AI for 10,000-plus engineers | More than 80% of colleagues using AI tools; 42 million AI interactions | Q1 2026 ([Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf)) |
| Bank of America | Erica, EricaAssist and employee AI templates | About 200,000 active users and 400,000-plus prompts a day (Q2 2026) | 2026 ([American Banker](https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html)) |

## How does Morgan Stanley's stance on AI and its workforce compare with its peers'?

Morgan Stanley's doctrine is capacity creation: automation and generative AI to 'decouple scaling from forever adding more people'. CEO Ted Pick called AI a 'productivity phenomenon' in April 2026, and on the October 14, 2026 call said wealth management remains 'a people business' in which AI can 'do a lot of the early work' but clients still ask whether they trust their advisor. Its wealth head Jed Finn told a February 2026 conference that the firm has more than 3,500 tools and that AI will let advisors scale rather than replace them. ([American Banker](https://www.americanbanker.com/news/ai-is-our-friend-bank-ceos-play-down-risks-from-mythos), [American Banker](https://americanbanker.com/news/amid-ai-boom-morgan-stanley-leans-into-role-of-its-people), [WealthManagement.com](https://www.wealthmanagement.com/artificial-intelligence/morgan-stanley-s-wealth-head-addresses-ai-driven-pressures))

Peers frame it more sharply. Goldman Sachs's Asia Pacific head says new joiners already manage a 'virtual army' of agents (October 2026); JPMorgan Chase reports headcount cuts of 30% to 40% in some units; Wells Fargo's headcount is down 79,000 in six years with more automation ahead (July 2026). Raymond James's May 2026 investor day called AI 'an enabler of the Advisor-Client relationship', the closest to Morgan Stanley's line. ([Bloomberg](https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says), [CNBC](https://www.cnbc.com/2026/07/14/jpm-bank-of-america-citi-bank-earnings-live-updates.html), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/wells-fargo-wfc-q2-2026-194712683.html), [Raymond James Financial (SEC filings)](https://www.sec.gov/Archives/edgar/data/720005/000072000526000060/rjf2026analystinvestorda.htm))

## Which banks are Morgan Stanley's peers, and why these?

Morgan Stanley is compared here with Goldman Sachs, JPMorgan Chase, Bank of America, The Charles Schwab Corporation, UBS (US), Wells Fargo, Citigroup, Raymond James Financial and UBS Group AG: chosen by the editors for this page (see the note below the table). Morgan Stanley is classed as a investment bank, broker or wealth manager in the Northeast.

Morgan Stanley is an investment bank and the largest advisor-led wealth manager among US banks, so it is compared with the firms it meets in deals, trading and wealth (Goldman Sachs, JPMorgan, Bank of America's Merrill, Wells Fargo, Citi, Schwab, UBS and Raymond James) rather than with custody banks; UBS Group is listed for its global wealth franchise and is not in the US index.

## Common questions

### Is Morgan Stanley better than Goldman Sachs at AI?

The record cannot settle capability. Goldman scores 79.9 and Morgan Stanley 69.7 on this site's disclosure index, mostly because Goldman has far more independent coverage (39 sources against 21). Goldman gives GS AI Assistant to all 46,000 employees and 12,000 developers have coding assistants; Morgan Stanley gives about 98% of 80,000 employees generative-AI access and was first to put OpenAI's models in front of advisors (2023). ([American Banker](https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month), [American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking), [Morgan Stanley](https://www.morganstanley.com/press-releases/key-milestone-in-innovation-journey-with-openai))

### Which has the better AI for financial advisors, Morgan Stanley or Merrill?

Morgan Stanley moved first: its OpenAI-powered Assistant was fully rolled out in September 2023 and adopted by 98% of advisor teams, and Debrief has taken meeting notes since June 2024. Bank of America's AI-Powered Meeting Journey for Merrill and Private Bank advisers launched in March 2026 for about 15,000 employees in the first phase, saving up to four hours per meeting by the bank's estimate. ([CNBC](https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html), [Morgan Stanley](https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch), [Bank of America Newsroom](https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html), [Bank of America (PR Newswire)](https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html))

### Why does Morgan Stanley score lower than its peers on this site's AI index?

The index scores what is on the public record. Morgan Stanley has the fewest dated AI moves in its group over the last 12 months (19 against a median of 30), the fewest disclosed numbers (12) and 9 primary disclosures against a median of 17. It does not publish use-case counts or AI spend, while Bank of America, Citigroup and JPMorgan publish all three kinds of figure. ([American Banker](https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking), [American Banker](https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai), [Citigroup](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/jpmorgan-chase-jpm-q2-2026-124458999.html))

### Does Morgan Stanley let outside AI agents access accounts?

For stock-plan administration, it plans to. In June 2026 it said ShareWorks and Equity Edge would open to clients' external AI agents through the Model Context Protocol, with early access for a handful of clients and all 3,400 administration clients by 2027. JPMorgan Chase takes the opposite line: its CEO said in October 2026 that outside agents will not operate inside customer accounts. ([CNBC](https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html), [CNBC](https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html))

### How does Morgan Stanley's OpenAI partnership compare with other banks' model deals?

It is the longest-running: the relationship began in 2022 and OpenAI was named the wealth unit's strategic partner in March 2023; in September 2026 Morgan Stanley helped shape ChatGPT for Financial Services. BNY signed a multi-year OpenAI deal in February 2025 and its CEO joined OpenAI's boards in July 2026; JPMorgan's LLM Suite swaps models from OpenAI, Anthropic and others. ([Morgan Stanley](https://www.morganstanley.com/press-releases/key-milestone-in-innovation-journey-with-openai), [OpenAI](https://openai.com/index/introducing-chatgpt-financial-services/), [The Wall Street Journal](https://www.wsj.com/articles/bny-americas-oldest-bank-signs-multiyear-deal-with-openai-74987d1d), [Bloomberg](https://www.bloomberg.com/news/articles/2026-07-21/openai-names-bny-nubank-ceos-to-board-ahead-of-ipo), [American Banker](https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai))

### How does Morgan Stanley compare with UBS on AI for advisors?

Both build advisor AI on a large platform. UBS reports that about 80% of its US advisors use STAAT Insights, Copilot usage exceeds 85% and advisors save about 10,000 hours a month on meeting preparation, and its advisor agents can trade after approval. Morgan Stanley reports 98% of advisor teams on its Assistant and is building 'super agents' across more than 3,500 wealth tools, with advisors approving every recommendation. ([Financial Planning](https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients), [CNBC](https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html), [Financial Planning](https://www.financial-planning.com/news/behind-the-marvel-movie-inspired-ai-super-agents-coming-to-morgan-stanley), [WealthManagement.com](https://www.wealthmanagement.com/artificial-intelligence/morgan-stanley-s-wealth-head-addresses-ai-driven-pressures))

### Is Morgan Stanley cutting jobs because of AI?

Morgan Stanley frames AI as capacity creation and, on its October 14, 2026 call, called wealth management 'a people business'. Its research arm estimated in May 2026 that European banks could cut 10% to 20% of jobs on AI. Peers report direct effects: JPMorgan Chase cut 30% to 40% of headcount in some units and Wells Fargo is down 79,000 people in six years. ([American Banker](https://americanbanker.com/news/amid-ai-boom-morgan-stanley-leans-into-role-of-its-people), [Bloomberg](https://www.bloomberg.com/news/articles/2026-05-28/european-banks-could-cut-20-of-jobs-on-ai-morgan-stanley-says), [CNBC](https://www.cnbc.com/2026/07/14/jpm-bank-of-america-citi-bank-earnings-live-updates.html), [The Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/wells-fargo-wfc-q2-2026-194712683.html))

## Peers on this site

- [Goldman Sachs AI strategy](https://www.bankingnewsai.com/banks/goldman-sachs) · [vs peers](https://www.bankingnewsai.com/banks/goldman-sachs/vs-peers)
- [JPMorgan Chase AI strategy](https://www.bankingnewsai.com/banks/jpmorgan-chase) · [vs peers](https://www.bankingnewsai.com/banks/jpmorgan-chase/vs-peers)
- [Bank of America AI strategy](https://www.bankingnewsai.com/banks/bank-of-america) · [vs peers](https://www.bankingnewsai.com/banks/bank-of-america/vs-peers)
- [The Charles Schwab Corporation AI strategy](https://www.bankingnewsai.com/banks/charles-schwab) · [vs peers](https://www.bankingnewsai.com/banks/charles-schwab/vs-peers)
- [UBS (US) AI strategy](https://www.bankingnewsai.com/banks/ubs-usa) · [vs peers](https://www.bankingnewsai.com/banks/ubs-usa/vs-peers)
- [Wells Fargo AI strategy](https://www.bankingnewsai.com/banks/wells-fargo) · [vs peers](https://www.bankingnewsai.com/banks/wells-fargo/vs-peers)
- [Citigroup AI strategy](https://www.bankingnewsai.com/banks/citigroup) · [vs peers](https://www.bankingnewsai.com/banks/citigroup/vs-peers)
- [Raymond James Financial AI strategy](https://www.bankingnewsai.com/banks/raymond-james) · [vs peers](https://www.bankingnewsai.com/banks/raymond-james/vs-peers)
- [UBS Group AG AI strategy](https://www.bankingnewsai.com/banks/ubs) · [vs peers](https://www.bankingnewsai.com/banks/ubs/vs-peers)

## Sources

1. Key Milestone in Innovation Journey with OpenAI — Morgan Stanley, Mar 14, 2023. https://www.morganstanley.com/press-releases/key-milestone-in-innovation-journey-with-openai
2. Morgan Stanley kicks off generative AI era on Wall Street with assistant for financial advisors — CNBC, Sep 18, 2023. https://www.cnbc.com/2023/09/18/morgan-stanley-chatgpt-financial-advisors.html
3. Launch of AI @ Morgan Stanley Debrief — Morgan Stanley, Jun 26, 2024. https://www.morganstanley.com/press-releases/ai-at-morgan-stanley-debrief-launch
4. Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey — Bank of America Newsroom, Mar 26, 2026. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/03/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeti.html
5. Wells Fargo debuts AI-powered teammate for financial advisers — CIO Dive, Jul 15, 2026. https://www.ciodive.com/news/wells-fargo-debuts-ai-powered-teammate-financial-advisers/825353/
6. Morgan Stanley's Tech Chief Used AI to Crack a Major Coding Problem — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/morgan-stanleys-michael-pizzi-is-27-on-the-most-innovative-people-in-finance-ranking
7. Morgan Stanley will soon open its trillion-dollar wealth management funnel to AI agents — CNBC, Jun 3, 2026. https://www.cnbc.com/2026/06/03/ai-agents-morgan-stanley-wealth-management-funnel.html
8. JPMorgan Chase blocks outside AI agents like Muse, Instinct from directly accessing accounts — CNBC, Oct 13, 2026. https://www.cnbc.com/2026/10/13/jpmorgan-ai-agents-account-access.html
9. Morgan Stanley cut its riskiest reconciliation job in half by making its agents less autonomous — VentureBeat, Jun 30, 2026. https://venturebeat.com/orchestration/morgan-stanley-cut-its-riskiest-reconciliation-job-in-half-by-making-its-agents-less-autonomous
10. Young Bankers to Manage AI Agents From Start, Goldman Exec Says — Bloomberg, Oct 8, 2026. https://bloomberg.com/news/articles/2026-10-08/young-bankers-to-manage-ai-agents-from-start-goldman-exec-says
11. Introducing ChatGPT for Financial Services — OpenAI, Sep 10, 2026. https://openai.com/index/introducing-chatgpt-financial-services/
12. OpenAI courts Wall Street with ChatGPT for financial services, developed with Morgan Stanley — Fortune, Sep 10, 2026. https://fortune.com/2026/09/10/openai-courts-wall-street-with-chatgpt-for-financial-services-developed-with-morgan-stanley/
13. OpenAI launches financial tool for Wall Street bankers — American Banker, Sep 10, 2026. https://www.americanbanker.com/news/openai-launches-financial-tool-for-wall-street-bankers
14. BofA extends first $520 million loan to OpenAI ahead of IPO, source says — Reuters (Yahoo Finance), Jul 8, 2026. https://finance.yahoo.com/news/bofa-extends-first-520-million-165741747.html
15. Morgan Stanley (MS) Q2 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Jul 16, 2026. https://finance.yahoo.com/markets/stocks/articles/morgan-stanley-ms-q2-2026-003219361.html
16. Morgan Stanley Research Announces AskResearchGPT — Morgan Stanley, Oct 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-research-announces-askresearchgpt
17. Raymond James Financial Q3 Earnings Call Highlights — MarketBeat (Yahoo Finance), Jul 22, 2026. https://finance.yahoo.com/markets/stocks/articles/raymond-james-financial-q3-earnings-230545601.html
18. The biggest AI spenders are hiring more, too — American Banker, Jun 30, 2026. https://www.americanbanker.com/news/the-biggest-ai-spenders-are-hiring-more-too
19. As Financial Services Moves from AI Pilots to AI Operations, Brillio Appoints Jeff McMillan as Independent Director — Brillio (PR Newswire), Jun 2, 2026. https://www.prnewswire.com/news-releases/as-financial-services-moves-from-ai-pilots-to-ai-operations-brillio-appoints-jeff-mcmillan-as-independent-director-302788277.html
20. Marco Argenti gives Goldman Sachs coders an AI helper — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/goldman-sachs-marco-argenti-is-3-on-the-most-innovative-people-in-finance
21. Lori Beer is turning JPMorganChase into an AI-native bank, and she's got $20 billion to do it — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking
22. Wall Street banks ramp up digital assistants in bid to win productivity race — Reuters, Jul 13, 2026. https://www.reuters.com/business/finance/wall-street-banks-ramp-up-digital-assistants-bid-to-win-productivity-race-2026-07-13/
23. Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action — Charles Schwab, Sep 30, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Meet-Charley-Schwabs-New-AI-Powered-Assistant-Designed-to-Help-Clients-Get-Answers-and-Take-Action/default.aspx
24. A Decade of AI Innovation: BofA's Virtual Assistant Erica Surpasses 3 Billion Client Interactions — Bank of America Newsroom, Aug 1, 2025. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2025/08/a-decade-of-ai-innovation--bofa-s-virtual-assistant-erica-surpas.html
25. Bank of America Enhances EricaAssist with Generative AI — Bank of America Newsroom, Jul 21, 2026. https://newsroom.bankofamerica.com/content/newsroom/press-releases/2026/07/bank-of-america-enhances-ericaassist-with-generative-ai-to-help-.html
26. How Bank of America's Erica does the work of 11,000 people — American Banker, Jan 22, 2026. https://www.americanbanker.com/news/how-bank-of-americas-erica-does-the-work-of-11-000-people
27. The AI Superfans Companies Count On to Convert the Skeptics — The Wall Street Journal, Jul 8, 2026. https://www.wsj.com/cio-journal/the-ai-superfans-companies-count-on-to-convert-the-skeptics-5b301a90
28. Earnings Results Presentation, First Quarter 2026 — Citigroup, Apr 14, 2026. https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf
29. How JPMorganChase democratized employee access to gen AI — American Banker, May 22, 2025. https://www.americanbanker.com/news/how-jpmorganchase-democratized-employee-access-to-gen-ai
30. Driving AI Use Cases and Adoption (Women in Banking 2025 session) — American Banker, Oct 21, 2025. https://www.americanbanker.com/video/wib-2025/driving-ai-use-cases-and-adoption-aligning-business-value-data-readiness-and-risk-management
31. 4Q23 Financial Results — Wells Fargo, Jan 11, 2024. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/fourth-quarter-2023-financial-results.pdf
32. Wells Fargo's AI assistant just crossed 245 million interactions – no human handoffs, no sensitive data exposed — VentureBeat, Apr 8, 2025. https://venturebeat.com/business/wells-fargos-ai-assistant-just-crossed-245-million-interactions-with-zero-humans-in-the-loop-and-zero-pii-to-the-llm
33. Wells Fargo Reaches Major Digital Milestones — Wells Fargo (Business Wire), Mar 26, 2026. https://www.businesswire.com/news/home/20260326542274/en/Wells-Fargo-Reaches-Major-Digital-Milestones
34. Wells Fargo plans to unleash Google's agentic AI bank-wide — American Banker, Aug 5, 2025. https://www.americanbanker.com/news/wells-fargo-plans-to-unleash-googles-agentic-ai-bank-wide
35. Raymond James launches proprietary digital AI agent to bolster operational excellence — Raymond James, Jan 27, 2026. https://raymondjames.com/news-and-media/press-releases/2026/01/27/raymond-james-launches-proprietary-digital-ai-agent-to-bolster-operational-excellence
36. Raymond James Hires David Solganik as Head of AI Strategy — GlobeNewswire via FT Markets, Sep 8, 2025. https://markets.ft.com/data/announce/detail?dockey=1330-9525266en-2G3EBTACBF0CHV70SD1J7K5BF2
37. Raymond James expands service-focused technology investment with Zoom AI Companion meeting summaries — Raymond James, May 15, 2025. https://raymondjames.com/athens-branch/about-us/press-releases/2025/05/15/raymond-james-expands-service-focused-technology-investment-with-zoom-ai-companion
38. Charles Schwab Launches AI-Powered Capability That Helps Investors Understand Portfolio Performance and Market Activity — Charles Schwab, May 5, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-Launches-AI-Powered-Capability-That-Helps-Investors-Understand-Portfolio-Performance-and-Market-Activity/default.aspx
39. AI on the other end of the line (but you're not talking to a computer) — Charles Schwab, Feb 5, 2025. https://www.aboutschwab.com/mss/story/ai-on-the-other-end-of-the-line
40. Schwab Study Reveals RIA AI Adoption More Than Doubles - But Most Firms Still in Early Stages — Charles Schwab, Jan 22, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Schwab-Study-Reveals-RIA-AI-Adoption-More-Than-Doubles---But-Most-Firms-Still-in-Early-Stages/default.aspx
41. Charles Schwab banking unit CEO to retire — Banking Dive, Jan 30, 2026. https://bankingdive.com/news/charles-schwab-bank-ceo-paul-woolway-retire-tyler-woulfe/811079
42. Goldman Sachs staff now write a million gen AI prompts a month — American Banker, Jul 25, 2025. https://www.americanbanker.com/news/goldman-sachs-staff-now-write-a-million-gen-ai-prompts-a-month
43. Innovation and AI at UBS (undated page, retrieved 2026-10-13) — UBS, Oct 13, 2026. https://www.ubs.com/global/en/our-firm/what-we-do/technology/innovation-and-ai.html
44. UBS appoints Chief AI Officer to drive its AI strategy — UBS, Oct 16, 2025. https://ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html
45. The UBS AI Advantage (financial advisor experience) — UBS, Jan 9, 2026. https://ubs.com/us/en/wealth-management/financial-advisor-experience/articles/ai-for-financial-advisors.html
46. Morgan Stanley Wins Three 2024 Technology Awards — Morgan Stanley, Dec 1, 2024. https://www.morganstanley.com/press-releases/morgan-stanley-wins-three-2024-technology-awards
47. UBS appoints Chief AI Officer to drive its AI strategy — UBS Group AG, Oct 16, 2025. https://www.ubs.com/global/en/media/display-page-ndp/en-20251016-ai-strategy.html
48. UBS Group AG Annual Report 2025 on Form 20-F — UBS Group AG (SEC filing), Mar 9, 2026. https://www.sec.gov/Archives/edgar/data/1610520/000161052026000023/ubs-20251231.htm
49. UBS reports 2Q26 net profit of USD 2.8bn and USD 5.8bn for 1H26 with robust momentum across businesses; Group invested assets at USD 7.3trn — UBS Group AG and UBS AG (Business Wire), Jul 29, 2026. https://businesswire.com/news/home/20260728010217/en/UBS-AG-UK-Regulatory-Announcement-UBS-reports-2Q26-net-profit-of-USD-2.8bn-and-USD-5.8bn-for-1H26-with-robust-momentum-across-businesses-Group-invested-assets-at-USD-7.3trn-Ad-hoc-announcement-pursuant-to-Article-53-of-the-SIX-Exchange-Regulation-Listing-Rules
50. US 2026/0051336 A1: System and method to enhance audio and video media using generative artificial intelligence (Morgan Stanley Services Group) — Google Patents (USPTO), Feb 19, 2026. https://patents.google.com/patent/US20260051336A1/en
51. Goldman Sachs taps Anthropic's Claude to automate accounting, compliance roles — CNBC, Feb 6, 2026. https://www.cnbc.com/2026/02/06/anthropic-goldman-sachs-ai-model-accounting.html
52. US20260072655A1: Context injection for artificial intelligence (AI) coding assistants — Google Patents (USPTO), Mar 12, 2026. https://patents.google.com/patent/US20260072655A1/en
53. The Most Powerful Women in Banking, #5, Lori Beer, JPMorganChase — American Banker, Oct 1, 2026. https://www.americanbanker.com/news/2026-the-most-powerful-women-in-banking-5-lori-beer-jpmorganchase
54. US20260010713A1 - Generative machine learning framework generating predictive results — Google Patents (USPTO), Jan 8, 2026. https://patents.google.com/patent/US20260010713A1/en
55. The Man Behind Bank of America's $13 Billion Tech Agenda — The Wall Street Journal, Aug 20, 2025. https://www.wsj.com/articles/the-man-behind-bank-of-americas-13-billion-tech-agenda-3d770a2d
56. Bank of America's CTO champions a disciplined approach to AI — American Banker, Jun 1, 2026. https://www.americanbanker.com/news/bofas-cto-is-12-on-the-most-innovative-people-in-finance-ranking
57. US 12,705,363 B2: Vulnerability detection and mitigation using artificial intelligence in an electronic environment (Bank of America Corporation) — Google Patents (USPTO), Aug 11, 2026. https://patents.google.com/patent/US12705363B2/en
58. Schwab Plans to Use AI to Reach, Serve Less-Affluent Customers — Bloomberg, May 13, 2026. https://bloomberg.com/news/articles/2026-05-13/schwab-plans-to-use-ai-to-reach-serve-less-affluent-customers
59. Charles Schwab CEO Says AI Is Poised to Boost Wealth Managers — Bloomberg, Feb 11, 2026. https://bloomberg.com/news/articles/2026-02-11/charles-schwab-ceo-says-ai-is-poised-to-boost-wealth-managers
60. US 2025/0077917 A1: Systems and methods for iterative generation and plotting of machine learning outcomes on a user interface (Charles Schwab & Co.) — Google Patents (USPTO), Nov 20, 2024. https://patents.google.com/patent/US20250077917A1/en
61. UBS deploys AI programs to unlock efficiency — Banking Dive, Feb 6, 2026. https://bankingdive.com/news/ubs-deploys-ai-programs-unlock-efficiency-ermotti-magazzeni-credit-suisse/811572
62. US11429879B2: Methods and systems for identifying dynamic thematic relationships as a function of time — Google Patents (USPTO), Aug 30, 2022. https://patents.google.com/patent/US11429879B2/en
63. Wells Fargo Names Saul Van Beurden to Lead Artificial Intelligence — Wells Fargo via FT Markets, Nov 20, 2025. https://markets.ft.com/data/announce/detail?dockey=600-202511201615BIZWIRE_USPRX____20251120_BW971693-1
64. Wells Fargo Taps Amazon Web Services Executive to Expand AI Use — Bloomberg, Jan 26, 2026. https://www.bloomberg.com/news/articles/2026-01-26/wells-fargo-taps-amazon-web-services-executive-to-expand-ai-use
65. US 2026/0087043 A1: Model-based personal advisor system — Google Patents (USPTO), Sep 23, 2025. https://patents.google.com/patent/US20260087043A1/en
66. Citigroup says AI helps speed account openings and systems upgrades — Reuters, Apr 8, 2026. https://www.reuters.com/business/finance/citigroup-says-ai-helps-speed-account-openings-systems-upgrades-2026-04-08/
67. US12450494B1 - Validating autonomous artificial intelligence (AI) agents using generative AI — Google Patents (USPTO), Oct 21, 2025. https://patents.google.com/patent/US12450494B1/en
68. Wealth Manager Stocks Sink as Traders Flee Next AI Casualty — Bloomberg, Feb 10, 2026. https://bloomberg.com/news/articles/2026-02-10/wealth-manager-stocks-sink-as-new-ai-tool-sparks-disruption-fear
69. US 2025/0378492 A1: Automated generation and execution of smart contracts for multiple oracle networks (Raymond James Financial; filed 2024-06-07) — Google Patents (USPTO), Dec 11, 2025. https://patents.google.com/patent/US20250378492A1/en
70. UBS at Bank of America financials conference: growth meets capital pressure — Investing.com, Sep 22, 2026. https://investing.com/news/transcripts/ubs-at-bank-of-america-financials-conference-growth-meets-capital-pressure-93CH-4910194
71. UBS first-quarter 2026 earnings call prepared remarks and Q&A (Form 6-K) — UBS Group AG (SEC filing), Apr 30, 2026. https://www.sec.gov/Archives/edgar/data/1610520/000161052026000053/investorpresotext2026.htm
72. Wells Fargo Enhances Banking Capabilities Using AI and Digital Assets — PYMNTS, Oct 13, 2026. https://pymnts.com/earnings/2026/wells-fargo-enhances-banking-capabilities-using-ai-and-digital-assets
73. Wells Fargo Reports Third Quarter 2026 Net Income of $6.0 billion, or $1.87 per Diluted Share — Wells Fargo, Oct 13, 2026. https://www.wellsfargo.com/assets/pdf/about/investor-relations/earnings/third-quarter-2026-earnings.pdf
74. U.S. Treasury Announces Record Enforcement Actions Against Bank of America — U.S. Department of the Treasury, Oct 13, 2026. https://home.treasury.gov/news/press-releases/sb0657
75. OCC Imposes $750 Million Assessment Against Bank of America for Deficient BSA/AML Compliance — Office of the Comptroller of the Currency, Oct 13, 2026. https://www.occ.gov/news-issuances/news-releases/2026/nr-occ-2026-89.html
76. BofA fined $1.21 billion over AML — Banking Dive, Oct 13, 2026. https://bankingdive.com/news/bofa-fined-1-21-billion-over-aml-bsa-occ-treasury/832915
77. JPMorgan CEO Dimon warns customers of 'liability transfer' with AI — Banking Dive, Oct 13, 2026. https://www.bankingdive.com/news/jpmorgan-dimon-ai-agents-bank-customers-liability-transfer/832870
78. JPMorgan warns of risks to consumers who rely on AI agents — American Banker, Oct 13, 2026. https://www.americanbanker.com/news/jpmorgan-warns-of-risks-to-consumers-who-rely-on-ai-agents
79. Earnings call transcript: Goldman Sachs tops Q3 2026 estimates as revenue rises — Investing.com, Oct 13, 2026. https://investing.com/news/transcripts/earnings-call-transcript-goldman-sachs-tops-q3-2026-estimates-as-revenue-rises-93CH-4947164
80. Goldman's Solomon wants 'clear human accountability' on AI — American Banker, Oct 13, 2026. https://americanbanker.com/news/goldmans-solomon-wants-clear-human-accountability-on-ai
81. Charles Schwab's Amy Ruegg: AI Can Make Investing Easier, but Human Expertise Remains Key — Traders Magazine, Oct 8, 2026. https://www.tradersmagazine.com/featured_articles/charles-schwabs-amy-ruegg-ai-can-make-investing-easier-but-human-expertise-remains-key/
82. UBS only European bank in top 10 of AI adoption as JPMorgan Chase leads — Euronews via Yahoo Finance, Oct 7, 2026. https://finance.yahoo.com/news/ubs-only-european-bank-top-054547722.html
83. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
84. JPMorganChase still tops AI ranking as big-bank lead widens — American Banker, Oct 6, 2026. https://www.americanbanker.com/news/jpmorganchase-still-tops-ai-ranking-as-big-bank-lead-widens
85. The Most Powerful Women in Banking Women to Watch, #7, Debopama Sen, Citi — American Banker, Oct 1, 2026. https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-women-to-watch-7-debopama-sen-citi
86. The Most Powerful Women in Banking, #11, Bridget Engle, Wells Fargo — American Banker, Oct 1, 2026. https://americanbanker.com/news/2026-the-most-powerful-women-in-banking-11-bridget-engle-wells-fargo
87. Meet Charley, Schwab's New AI-Powered Assistant Designed to Help Clients Get Answers and Take Action — Charles Schwab (Yahoo Finance), Sep 30, 2026. https://finance.yahoo.com/technology/ai/articles/meet-charley-schwab-ai-powered-130000718.html
88. Citi Investor Services Reimagines Market Guide Platform, Harnessing AI to Deliver Timely Intelligence for Decision Makers — Citigroup (Business Wire), Sep 29, 2026. https://secure.businesswire.com/news/home/20260929289110/en/Citi-Investor-Services-Reimagines-Market-Guide-Platform-Harnessing-AI-to-Deliver-Timely-Intelligence-for-Decision-Makers
89. Meta's Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty — CNBC, Sep 23, 2026. https://www.cnbc.com/2026/09/23/metas-muse-ai-causes-schwab-selloff.html
90. Raymond James strengthens data and analytics capabilities to advance AI-powered advisor insights — Raymond James, Sep 21, 2026. https://www.raymondjames.com/advisor-opportunities/press-releases/2026/09/21/raymond-james-strengthens-data-and-analytics-capabilities-to-advance-ai-powered-advisor-insights
91. UBS demands new junior bankers show AI proficiency — Financial Times, Sep 6, 2026. https://www.ft.com/content/76b370ff-b5f6-4e22-aa30-da08b1abb8f8
92. Behind the Marvel-movie inspired AI 'super agents' coming to Morgan Stanley — Financial Planning, Feb 11, 2026. https://www.financial-planning.com/news/behind-the-marvel-movie-inspired-ai-super-agents-coming-to-morgan-stanley
93. Morgan Stanley's Wealth Head Addresses AI-Driven Pressures — WealthManagement.com, Feb 10, 2026. https://www.wealthmanagement.com/artificial-intelligence/morgan-stanley-s-wealth-head-addresses-ai-driven-pressures
94. Merrill and Bank of America Private Bank Launch AI-Powered Meeting Journey — Bank of America (PR Newswire), Mar 26, 2026. https://prnewswire.com/news-releases/merrill-and-bank-of-america-private-bank-launch-ai-powered-meeting-journey-302725593.html
95. Behind UBS' AI strategy to win wallet share, client leads — Financial Planning, Dec 1, 2025. https://www.financial-planning.com/news/ubs-turns-to-ai-to-gain-wallet-share-find-new-clients
96. Wirehouse watch: Wells Fargo debuts AI-powered advisor platform — InvestmentNews, May 8, 2026. https://investmentnews.com/wirehouses/wirehouse-watch-wells-fargo-debuts-ai-powered-advisor-platform/266496
97. Charles Schwab and Anthropic to Bring Claude to Independent Registered Investment Advisors — Charles Schwab, Sep 14, 2026. https://pressroom.aboutschwab.com/press-releases/press-release/2026/Charles-Schwab-and-Anthropic-to-Bring-Claude-to-Independent-Registered-Investment-Advisors/default.aspx
98. Schwab (SCHW) Q1 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Apr 16, 2026. https://finance.yahoo.com/markets/stocks/articles/schwab-schw-q1-2026-earnings-145425271.html
99. JPMorgan Chase (JPM) Q2 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Jul 22, 2026. https://finance.yahoo.com/markets/stocks/articles/jpmorgan-chase-jpm-q2-2026-124458999.html
100. Bank of America's Moynihan touts 'good economics' of AI — American Banker, Jul 15, 2026. https://www.americanbanker.com/news/bank-of-americas-moynihan-touts-good-economics-of-ai
101. 'AI is our friend': Bank CEOs weigh the tech's risks, rewards — American Banker, Apr 15, 2026. https://www.americanbanker.com/news/ai-is-our-friend-bank-ceos-play-down-risks-from-mythos
102. Amid AI boom, Morgan Stanley leans into role of its people — American Banker, Oct 14, 2026. https://americanbanker.com/news/amid-ai-boom-morgan-stanley-leans-into-role-of-its-people
103. Bank earnings takeaways: from Goldman Sachs' SpaceX IPO fees to JPMorgan's AI job cuts — CNBC, Jul 14, 2026. https://www.cnbc.com/2026/07/14/jpm-bank-of-america-citi-bank-earnings-live-updates.html
104. Wells Fargo (WFC) Q2 2026 Earnings Call Transcript — The Motley Fool (Yahoo Finance), Jul 21, 2026. https://finance.yahoo.com/markets/stocks/articles/wells-fargo-wfc-q2-2026-194712683.html
105. Raymond James Financial 2026 Analyst & Investor Day presentation (Form 8-K, Exhibit 99.1) — Raymond James Financial (SEC filings), May 27, 2026. https://www.sec.gov/Archives/edgar/data/720005/000072000526000060/rjf2026analystinvestorda.htm
106. BNY, America's Oldest Bank, Signs Multiyear Deal With OpenAI — The Wall Street Journal, Feb 26, 2025. https://www.wsj.com/articles/bny-americas-oldest-bank-signs-multiyear-deal-with-openai-74987d1d
107. OpenAI Names BNY, Nubank CEOs to Board Ahead of IPO — Bloomberg, Jul 21, 2026. https://www.bloomberg.com/news/articles/2026-07-21/openai-names-bny-nubank-ceos-to-board-ahead-of-ipo
108. European Banks Could Cut 20% of Jobs on AI, Morgan Stanley Says — Bloomberg, May 28, 2026. https://www.bloomberg.com/news/articles/2026-05-28/european-banks-could-cut-20-of-jobs-on-ai-morgan-stanley-says

---

Canonical page: https://www.bankingnewsai.com/banks/morgan-stanley/vs-peers
Part of [BankingNewsAI](https://www.bankingnewsai.com/). Markdown versions of every reference page: append `.md` to the page URL; index at https://www.bankingnewsai.com/llms.txt.