S&P 500 Financials Sector SEC Filings — October 14, 2026

14-10-2026

Morgan Stanley reported Q3 2026 net revenues of $20.3 billion (up from $18.2 billion, +11.6% YoY) and net income applicable to Morgan Stanley of $4.9 billion, or $3.03 per diluted share (vs. $2.80), with ROTCE of 22.6%. Wealth Management delivered record net revenues of $9.1 billion and record net new assets of $232.4 billion, while Institutional Securities net revenues rose to $10.0 billion. However, Investment Management net revenues fell 12% to $1.5 billion, Fixed Income declined 7% YoY, and the firm's ROE and expense efficiency ratio both worsened year over year.

• · Investment Management pre-tax income fell to $259 million from $364 million, driven by reversal of accrued carried interest on certain private fund investments
• · Performance-based income in Investment Management swung to a $(106) million loss from $117 million income
• · Institutional Securities provision for credit losses rose to $141 million from $1 million, driven by corporate and secured lending growth
• · Institutional Securities Equity Investment Banking underwriting declined: equity underwriting revenues fell to $525 million from $652 million on lower IPOs and blocks
• · Wealth Management transactional revenues declined to $1,166 million from $1,308 million, partly due to prior-year DCP mark-to-market gains no longer presented in net revenues
• · Capital ratios declined year over year: Standardized CET1 14.9% vs 15.1%, Tier 1 leverage 5.9% vs 6.8%, SLR 4.8% vs 5.5%
• · Expense growth outpaced revenue growth in non-compensation costs (+20.2%), contributing to a higher expense efficiency ratio
• · Quarterly dividend of $1.15 per share declared, payable November 13, 2026 to holders of record October 30, 2026

14-10-2026

First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation jointly filed an amended Schedule 13G reporting beneficial ownership of 3,283,595 shares of Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD), representing 16.23% of the class as of September 30, 2026. The filing is a routine passive ownership disclosure under Rule 13d-1(b); the reporting persons certify the shares were acquired and are held in the ordinary course of business without intent to influence control. No change in control, acquisition, or regulatory action is reported.

• · Filing is an amendment (SCHEDULE 13G/A) filed under Rule 13d-1(b) by a broker-dealer (BD), investment adviser (IA), and holding company (HC) structure.
• · Shares are held through unit investment trusts sponsored by First Trust Portfolios L.P. and portfolios advised by First Trust Advisors L.P.; the trustee, not the reporting persons, votes the trust-held shares.
• · Each reporting person disclaims beneficial ownership of the reported shares.
• · Joint filing agreement under Rule 13d-1(k)(1) is attached as Exhibit 99.1.

14-10-2026

BlackRock reported Q3 2026 GAAP diluted EPS of $10.57 (up 25% YoY from $8.43) and as-adjusted diluted EPS of $15.93 (up 38% from $11.55), with revenue up 19% YoY to $7,752 Million and AUM of $15,488,263 Million ($15.5 Trillion). Q3 net inflows were $205,466 Million, with 11% annualized organic base fee growth, though GAAP operating income and net income attributable to BlackRock declined sequentially versus Q2 2026 (operating income down $133 Million; GAAP diluted EPS down $1.62 from $12.19), largely due to a $564 Million noncash contingent consideration charge. Mixed signals include strong growth in ETFs and active flows alongside a 3% decline in Q3 institutional index net flows and the sequential GAAP earnings decline.

• · Net inflows of $135000 Million into iShares ETFs and $66000 Million into active strategies in Q3 2026
• · Institutional index strategies experienced $27444 Million of net outflows in Q3 2026, partially offsetting inflows elsewhere
• · Investment advisory performance fees rose to $630 Million from $516 Million YoY but increased sharply from $305 Million in Q2 2026
• · Effective GAAP tax rate increased to 29.4% from 25.2% YoY
• · Q3 2026 nonoperating income of $353 Million included a $353 Million net gain on investments versus $64 Million a year earlier
• · Q3 2026 included a $564 Million noncash contingent consideration charge versus $93 Million in Q3 2025, which depressed GAAP results
• · Dividend declared at $5.73 per share, unchanged sequentially and up from $5.21 YoY

14-10-2026

Bank of America reported 3Q26 net income of $6.9 billion, or diluted EPS of $0.91, down from $8.3 billion and $1.04 a year earlier, after a $1.2 billion regulatory settlement charge ($0.17 per share). Excluding the charge, adjusted net income was $8.1 billion and adjusted EPS $1.08. Revenue rose 3% YoY to $30.0 billion and net interest income rose 8% to $16.4 billion, while noninterest expense rose $2.4 billion to $19.7 billion and the efficiency ratio widened to 66% (62% adjusted). Results are mixed: Consumer Banking, GWIM and loan growth were strong, while Global Banking investment banking fees fell 11% and Global Markets FICC revenue fell 17%.

• · Regulatory settlement charge of $1.2B ($0.17 per share) drove the reported earnings decline; pretax income fell to $9.0B from $10.4B
• · Consumer Banking average loans and deposits were essentially flat YoY, while credit card loans grew 5%
• · Global Markets FICC revenue fell 17% to $2.6B, while equities rose 11% to $2.5B
• · Global Banking investment banking fees fell 11% YoY, a key drag on the Corporation's revenue mix
• · Efficiency ratio deteriorated to 66% (62% adjusted) from 60% a year earlier, reflecting higher expenses
• · Global Liquidity Sources of $914B and CET1 ratio of 10.9% remain well above regulatory minimums

14-10-2026

Progressive reported September 2026 monthly results with net income of $630M, up 107% YoY, and a combined ratio of 90.0 versus 100.4 a year earlier. However, net realized losses on securities of $(231)M (versus gains of $138M) and a $1,309M decline in unrealized fixed-maturity gains weighed on total comprehensive income, which was $(679)M. Year-to-date, net income fell 3% in the quarter ($2,542M vs $2,615M) and 2% per share ($4.37 vs $4.45), while net premiums written grew 4%.

• · Property line net premiums written grew only 1% in September and net premiums earned were flat (0%) on a monthly basis, with an 11.3% net catastrophe loss ratio, versus a 90.0 companywide combined ratio.
• · Year-to-date Property net premiums earned declined 2% and Property policies in force were flat YoY at 3,652, indicating stagnation in homeowners/renters.
• · Fixed-income total return was negative in September (-1.6%) and year-to-date (-0.9%), while common stocks returned -0.5% in September, reducing the total portfolio return to -1.5% for the month.
• · Net unrealized pretax losses on fixed-maturity securities widened to $(3,455)M, up a $(1,656)M decline from August and a $(3,603)M decline from December 2025.
• · Year-to-date comprehensive income fell 42% to $5,824M from $9,969M due to a $(2,847)M swing in unrealized fixed-maturity losses.
• · Prior accident years reserve development was favorable by $1,536M year-to-date, supporting the lower combined ratio.

14-10-2026

10% owner Japan Post Holdings Co., Ltd. sold 11,960 Common Stock at $114.72 (~$1.37M). Japan Post Holdings Co., Ltd. holds 50,357,140 shares after the transaction. Trades executed under a Rule 10b5-1 plan.

• · 10% owner Japan Post Holdings Co., Ltd. sold 11,960 Common Stock at $114.72 (~$1.37M)
• · 10% owner Japan Post Holdings Co., Ltd. sold 40 Common Stock at $115.52 (~$4.62K)