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Morgan Stanley is set to report fourth-quarter earnings – here’s what the Street expects


James Gorman, chairman and chief govt officer of Morgan Stanley, seems on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020.

Adam Galici | Getty Images

Morgan Stanley is set to report fourth-quarter earnings earlier than the opening bell on Wednesday.

Here’s what Wall Street expects:

Earnings: $1.27 a share, 2.4% decrease than a 12 months earlier, in accordance to Refinitiv.

Revenue: $11.5 billion, 6.3% increased than a 12 months earlier.

Wealth administration: $5.2 billion, in accordance to FactSet.

Trading: Equities $2.14 billion; fastened earnings $1.42 billion.

How did Morgan Stanley navigate the markets late final 12 months?

That is the query after buying and selling outcomes at rivals Goldman Sachs and JPMorgan Chase helped drive earnings beats, whereas markets desks at Bank of America and Citigroup underwhelmed.

Morgan Stanley, led by CEO James Gorman, additionally has the greatest wealth administration enterprise amongst the six largest U.S. banks, operations that usually profit from rising markets. That enterprise is being bolstered by the financial institution’s $13 billion E-Trade acquisition introduced a 12 months in the past, and the fourth quarter is the first interval E-Trade is built-in into the bigger enterprise.

Morgan Stanley is the final of the massive U.S. banks to report fourth-quarter earnings. JPMorgan and Goldman Sachs beat analysts’ expectations for income and revenue, helped by buying and selling, whereas Citigroup, Wells Fargo, and Bank of America disenchanted on income as lending margins had been squeezed.

Shares of New York-based Morgan Stanley climbed 33% in 2020, besting the 4.3% decline of the KBW Bank Index.

This story is growing. Please verify again for updates.



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