Morgan Stanley is set to report third-quarter earnings —here’s what the Street expects

Morgan Stanley is acceptable to study third-quarter net earlier the opening doorbell connected Friday.

Here's what Wall Street expects:

• Earnings: $1.49 a share, 25% little than a twelvemonth earlier, according to Refinitiv
• Revenue: $13.3 billion, 10% little than a twelvemonth earlier
• Wealth management: $6.17 billion, according to StreetAccount
• Trading: Equities $2.68 billion, Fixed Income $1.96 billion, according to StreetAccount
• Investment Banking: $1.21 billion, per StreetAccount

How is James Gorman's slope navigating progressively choppy markets?

That's the question for Morgan Stanley, whose concern banking, trading and wealthiness absorption operations are each impacted by the vagaries of the market.

Wall Street banks are grappling with the illness successful IPOs and indebtedness and equity issuance this year, a crisp reversal from the deals roar that drove results past year. The slowdown was triggered by wide declines successful fiscal assets, recession concerns and the Ukraine war.

While analysts expect the bank's wealthiness absorption and concern absorption divisions – liable for fractional of the firm's gross – volition clasp up amended than concern banking, little plus values volition trim gross determination arsenic well.

Still, parts of Morgan Stanley's operations are expected to benefit. Bond traders are expected to station bully results, acknowledgment to volatility successful commodities and involvement rates.

Shares of the slope person dropped 19% this twelvemonth done Thursday, holding up amended than the 25% diminution of the KBW Bank Index.

Wells Fargo and Citigroup are besides scheduled to study results Friday, followed by Bank of America connected Monday and Goldman Sachs connected Tuesday.

This communicative is developing. Please cheque backmost for updates.