Morgan Stanley to report second-quarter earnings before the opening bell Wednesday

Earnings
โดย CNBC·Read original
Summary · why it matters

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.

Impact on stocks 3

Financials · 2 stocks
Morgan Stanley
MS
▲ PositiveCapitalrelevance

Morgan Stanley is expected to benefit from higher trading and investment banking revenue, with earnings report imminent.

Goldman Sachs Group Inc
GS
▲ PositiveCapitalrelevance

Goldman Sachs beat estimates for equities trading and investment banking, setting a positive precedent for Morgan Stanley's earnings.

Digital Finance & Tokenization · 1 stocks
JPMorgan Chase & Co
JPM
▲ PositiveCapitalrelevance

JPMorgan Chase beat estimates for equities trading and investment banking, indicating strong sector performance.