Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday.
Morgan Stanley prepares to report third-quarter earnings with Wall Street expecting $2.91 EPS and $19.95B in revenue, driven by strong investment banking and equities trading.
AI-generated summary
Morgan Stanley reports Q3 earnings following similar reports from rivals Goldman Sachs and JPMorgan Chase.
Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday.
Here's what Wall Street expects:
Earnings per share: $2.91, according to LSEG
Revenue: $19.95 billion
Investment banking: $2.27 billion
Trading: Equities of $4.89 billion, fixed income of $2.27 billion
Morgan Stanley is expected to benefit from robust investment banking and equities trading revenue in the quarter, as rivals Goldman Sachs and JPMorgan Chase showed in their reports this week.
Analysts will want to know what CEO Ted Pick has to say on the outlook for mergers and IPOs for the rest of the year amid the churn caused by rising interest rates.
AI outlook — possibilities, not facts
Morgan Stanley will report Q3 earnings before the opening bell Wednesday
Very likely · Within hours

Inflation in the United States rises to 3.7% in September, exceeding analysts' forecasts. The data caused a slowdown in European stock markets, an increase in government bond yields and a strengthening of the dollar.

European stock markets show mixed trends following US inflation data. Milan down, while London, Paris, Frankfurt and Madrid closed on a positive note. Government bond yields rise and the dollar strengthens.

US Commerce Secretary Gina Raimondo warned at the Bloomberg New Economy Forum that AI-driven economic transitions could mirror the destabilizing effects of the 'China shock' on the American labor market if not properly managed.

The US Treasury has fined Bank of America over $1.21 billion for failing to report $5 billion in suspicious transactions, including those linked to Chinese money-laundering networks, fraud, and sanctions violations involving Russia, Iran, and global terrorism.
The bill submitted to the Turkish Grand National Assembly for 131 funds liquidated by the CMB decision envisages a recovery system and interim payment mechanism based on the actual investment amount for more than 455 thousand investors.

ECB President Christine Lagarde urged France to adopt a rigorous fiscal policy to calm bond markets. Faced with political instability and uncertainties over the 2027 budget, French borrowing rates are around 5%.