Morgan Stanley to report second-quarter earnings

In this article MS Follow your favorite stocks CREATE FREE ACCOUNT Ted Pick, co-president of Morgan Stanley, speaks during a Bloomberg Television interview in New York, US, on Thursday, Oct. 26, 2023. Jeenah Moon | Bloomberg | Getty Images Morgan Stanley is set to report second-quarter earnings before the opening bell Tuesday.

Here's what Wall Street expects: Earnings: $1.65 a share, according to LSEG Revenue: $14.3 billion, according to LSEG Wealth management: $6.

88 billion, according to StreetAccount Trading: Equities of $2.69 billion, Fixed Income of $1.86 billion, according to StreetAccount Investment Banking: $1.

40 billion, according to StreetAccount Morgan Stanley is likely to benefit from its Wall Street-centric business model. The bank's massive wealth management business will be helped by high stock market values, which inflates the management fees the bank collects. On top of that, investment banking activity has picked up after a dismal 2023, which should provide a tailwind to the bank.

Last week, JPMorgan Chase, Wells Fargo and Citigroup each topped expectations for revenue and profit, a streak continued by Goldman Sachs on Monday, helped by a rebound in Wall Street activity. This story is developing. Please check back for updates.

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