Morgan Stanley is on deck to report lower earnings on Wednesday morning as the last of the U.S.’s largest banks to weigh in with results.
The consensus estimate from Estimize, which crowdsources estimates from hedge funds, academics and others, is $1.37 a share, based on 20 submissions. What else to watch for As the last of the biggest six U.S. banks, Morgan Stanley’s trading figures are expected to be strong as they were with the firm’s rivals, amid robust equities and fixed income activity after a spike in Treasury yields in recent weeks and geopolitical uncertainty.
While wealthy customers have fared well in the current economy, a clear picture of how Morgan Stanley is doing on this front will be one key component of the company’s quarterly update.