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

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


James Gorman, chief government officer of Morgan Stanley, speaks throughout a Bloomberg Television interview on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 24, 2019.

Simon Dawson | Bloomberg | Getty Images

Morgan Stanley is set to report third-quarter earnings earlier than the opening bell on Thursday.

Here’s what Wall Street expects:

Earnings: $1.68 a share, 1.5% increased than a 12 months earlier, in accordance to Refinitiv

Revenue: $14 billion, 20% increased than a 12 months earlier

Wealth administration: $6.18 billion, in accordance to StreetAccount

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

Investment Banking: $2.17 billion

Morgan Stanley is properly positioned for the second.

While rival banks have reported a slowdown in third-quarter fastened revenue buying and selling income, Morgan Stanley’s energy has historically been in its equities franchise, the greatest in the world.

Another space that has flourished is funding banking, propelled by sturdy mergers and IPO exercise, and Morgan Stanley is a prime participant there as properly. Rival advisor JPMorgan Chase posted report funding banking charges in the third quarter.

Finally, CEO James Gorman has common his financial institution right into a prime cash administration participant by means of a collection of savvy acquisitions, and people companies ought to profit from excessive inventory values in the quarter.

Shares of the financial institution have climbed 44% this 12 months, exceeding the 36% rise of the KBW Bank Index.

JPMorgan topped expectations Wednesday, helped by a $1.5 billion increase from better-than-expected mortgage losses.

This story is creating. Please test again for updates.

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