Here comes Morgan Stanley...

Morgan Stanley is expected to report third-quarter earnings at 7 a.m. on Wednesday.

Analysts are expecting adjusted earnings per share of $0.63 on revenue of $8.14 billion, according to Bloomberg.

Total trading revenue is expected to come in at $2.82 billion, while analysts expect investment banking revenues of $1.08 billion.

In the same quarter last year, Morgan Stanley missed expectations, reporting earnings per share of $0.34 ($0.64 expected) on revenue of $7.8 billion ($8.6 expected).

In the second quarter, Morgan Stanley beat on the top and bottom lines, reporting EPS of $0.75 ($0.60 expected) on revenue of $8.91 billion ($8.31 billion expected).

"Our results this quarter reflect solid performance in an improved but still fragile environment," CEO James Gorman said in a statement at the time.

JPMorgan , Citigroup, Wells Fargo, Bank of America, and Goldman Sachs have already reported Q3 earnings, each one beating analyst expectations.