Ted Decide, CEO Morgan Stanley, talking on CNBC’s Squawk Field on the World Financial Discussion board Annual Assembly in Davos, Switzerland on Jan. 18th, 2024.
Adam Galici | CNBC
Morgan Stanley is about to report third-quarter earnings earlier than the opening bell Wednesday.
This is what Wall Avenue expects:
- Earnings: $1.58 a share, in keeping with LSEG
- Income: $14.41 billion, in keeping with LSEG
- Wealth administration: $6.88 billion, in keeping with StreetAccount
- Buying and selling: Equities of $2.77 billion, Fastened Revenue of $1.85 billion, in keeping with StreetAccount
- Funding Banking: $1.36 billion, in keeping with StreetAccount
Morgan Stanley has a number of tailwinds in its favor.
The financial institution’s large wealth administration enterprise shall be helped by excessive inventory market values within the quarter, which inflates the administration charges the financial institution collects.
Funding banking has rebounded after a dismal 2023, a pattern which will proceed as easing charges will encourage extra financing and merger exercise.
Lastly, its Wall Avenue rivals have posted better-than-expected buying and selling outcomes, making it unlikely that the agency missed out on elevated exercise.
JPMorgan Chase, Goldman Sachs and Citigroup topped expectations, helped by better-than-expected income from buying and selling or funding banking.
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