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

2 days ago

James Gorman, main enforcement serviceman of Morgan Stanley, speaks during a Bloomberg Television interrogation connected time 3 of the World Economic Forum (WEF) successful Davos, Switzerland, connected Thursday, Jan. 24, 2019.

Simon Dawson | Bloomberg | Getty Images

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

Here's what Wall Street expects:

Earnings: $1.68 a share, 1.5% higher than a twelvemonth earlier, according to Refinitiv

Revenue: $14 billion, 20% higher than a twelvemonth earlier

Wealth management: $6.18 billion, according to StreetAccount

Trading: Equities $2.32 billion, Fixed Income $1.53 billion

Investment Banking: $2.17 billion

Morgan Stanley is good positioned for the moment.

While rival banks person reported a slowdown successful third-quarter fixed income trading revenue, Morgan Stanley's spot has traditionally been successful its equities franchise, the biggest successful the world.

Another country that has flourished is concern banking, propelled by robust mergers and IPO activity, and Morgan Stanley is simply a apical subordinate determination arsenic well. Rival advisor JPMorgan Chase posted grounds concern banking fees successful the 3rd quarter.

Finally, CEO James Gorman has fashioned his slope into a apical wealth absorption subordinate done a bid of savvy acquisitions, and those businesses should payment from precocious banal values successful the quarter.

Shares of the slope person climbed 44% this year, exceeding the 36% emergence of the KBW Bank Index.

JPMorgan topped expectations Wednesday, helped by a $1.5 cardinal boost from better-than-expected indebtedness losses.

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