Ted Decide on, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the Environment Economic Discussion board Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.
Adam Galici | CNBC
Morgan Stanley is set to report initially-quarter earnings ahead of the opening bell Tuesday.
This is what Wall Road expects:
- Earnings: $1.66 a share, in accordance to LSEG
- Income: $14.41 billion
- Wealth management: $6.65 billion, in accordance to StreetAccount
- Trading: Equities of $2.68 billion and preset income of $2.37 billion
- Expense Banking: $1.40 billion
How did Morgan Stanley CEO Ted Pick do in his very first quarter main the organization?
Pick’s tenure has kicked off on a rocky observe, as significant desire fees have incentivized the bank’s prosperity administration buyers to transfer income into bigger-yielding securities.
But if its rivals are any indicator, Morgan Stanley could be aided by powerful financial commitment banking and investing results in the quarter.
Past 7 days, JPMorgan Chase, Wells Fargo and Citigroup every topped anticipations for profits and revenue, a streak continued by Goldman Sachs on Monday. Financial institution of The us claimed its quarterly final results previously Tuesday.
Analysts are very likely to query Pick about reports that various U.S. regulators are investigating Morgan Stanley for likely shortfalls in how it screens clients for its prosperity administration division.
This tale is developing. Remember to look at again for updates.
