Here comes Morgan Stanley earnings...

• Morgan Stanley is scheduled to report first-quarter earnings Wednesday.

Morgan Stanley is scheduled to report first-quarter earnings later today, with Wall Street analysts estimating adjusted earnings-per-share of $1.17.

Here are estimates for the key numbers:

• Net income: $2 billion
• Revenue: $9.9 billion
• Expenses: $7.2 billion
• Institutional securities: $5.1 billion, according to KBW analysts. That includes $1.36 billion from investment banking activities, $2.1 billion from equities trading and $1.5 billion from fixed-income markets.
• Wealth management: $4.1 billion, according to KBW.
• Investment management: $722 million, KBW estimates.

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