Here comes Morgan Stanley ...
Advertisement
Reuters/ Yuri Gripas
Advertisement
Wall Street analysts are expecting the investment bank to produce earnings of $0.81 per share, down from $0.87 in the second-quarter.
Here are the other figures Wall Street is expecting:
- Revenues: $9.04 billion, down from $9.5 billion in the second quarter.
- Net income: $1.5 billion, down from $1.59 billion in the second quarter.
- Investment banking revenues: $1.15 billion
- Trading revenues: $3.01 billion, including $1.15 billion from FICC and $1.86 billion from equities.
Morgan Stanley is expecting a hit to its trading business. Fixed income, currencies, and commodities trading revenues have particularly suffered at the big banks, with Bank of America reporting a 22% drop, Citi reporting a 16% drop, and JPMorgan reporting a 27% drop.
Nonetheless, each of the three competing banks beat earnings estimates handily last week and produced otherwise positive results.
Advertisement
Advertisement
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Why are so many elite coaches moving to Western countries?
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’