Ted Decide, CEO Morgan Stanley, talking on CNBC’s Squawk Field on the World Financial Discussion board Annual Assembly in Davos, Switzerland on Jan. 18th, 2024.
Adam Galici | CNBC
Morgan Stanley is ready to report first-quarter earnings earlier than the opening bell Tuesday.
This is what Wall Avenue expects:
- Earnings: $1.66 a share, in response to LSEG
- Income: $14.41 billion
- Wealth administration: $6.65 billion, in response to StreetAccount
- Buying and selling: Equities of $2.68 billion and glued earnings of $2.37 billion
- Funding Banking: $1.40 billion
How did Morgan Stanley CEO Ted Decide do in his first quarter main the corporate?
Decide’s tenure has kicked off on a rocky observe, as excessive rates of interest have incentivized the financial institution’s wealth administration prospects to maneuver money into higher-yielding securities.
But when its rivals are any indication, Morgan Stanley could possibly be helped by sturdy funding banking and buying and selling ends in the quarter.
Final week, JPMorgan Chase, Wells Fargo and Citigroup every topped expectations for income and revenue, a streak continued by Goldman Sachs on Monday. Financial institution of America reported its quarterly outcomes earlier Tuesday.
Analysts are more likely to query Decide about experiences that a number of U.S. regulators are investigating Morgan Stanley for potential shortfalls in the way it screens shoppers for its wealth administration division.
This story is creating. Please examine again for updates.
