Morgan StanleyMorgan Stanley is expected to benefit from higher trading and investment banking revenue, with earnings report imminent.
Morgan Stanley is set to report second-quarter earnings before the opening bell Wednesday. Wall Street expects earnings per share of $2.94 and revenue of $19.64 billion, according to LSEG. Investment banking revenue is estimated at $2.17 billion, while trading revenue is seen at $4.41 billion for equities and $2.49 billion for fixed income, according to StreetAccount. The bank is expected to benefit from higher trading and investment banking revenue, following strong results from rivals JPMorgan Chase and Goldman Sachs, which beat estimates for equities trading by a combined $4.4 billion and investment banking by a combined $1 billion, fueled by the global artificial intelligence boom. Analysts will be looking for CEO Ted Pick's outlook for the rest of the year amid high geopolitical tensions.
Morgan StanleyMorgan Stanley is expected to benefit from higher trading and investment banking revenue, with earnings report imminent.
Goldman Sachs Group IncGoldman Sachs beat estimates for equities trading and investment banking, setting a positive precedent for Morgan Stanley's earnings.
JPMorgan Chase & CoJPMorgan Chase beat estimates for equities trading and investment banking, indicating strong sector performance.