Ted Pick, co-president of Morgan Stanley, spoke in an interview with Bloomberg TV on Thursday, October 26, 2023 in New York, USA.
Gina Moon | Bloomberg | Getty Images
Morgan Stanley The company is scheduled to report second-quarter earnings before the market opens on Tuesday.
Here’s what Wall Street expected:
- Earnings per share were $1.65, according to LSEG
- Revenue: $14.3 billion, according to LSEG
- Wealth management: $6.88 billion, according to StreetAccount
- Deals: $2.69 billion in equities, $1.86 billion in fixed income, according to StreetAccount
- Investment banking: $1.4 billion, according to StreetAccount
Morgan Stanley could benefit from a Wall Street-centric business model.
A high stock market value will help the bank’s massive wealth management business, which will boost the management fees it charges.
On top of that, the bank should be boosted by a pickup in investment banking activity after a dismal 2023.
last week, JPMorgan, Wells Fargo and Citigroup Each beat revenue and profit expectations, consecutively Goldman Sachs Monday, benefiting from a rebound in activity on Wall Street.
This story is developing. Please check back for updates.
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