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

The bank may generate $9.99 billion in revenue, including $4.35 billion from wealth management, according to FactSet.

The equities trading desk may produce $2.2 billion in revenue while fixed income could generate $1.32 billion.is set to report second-quarter earnings before the opening bell on Thursday.Earnings: $1.14 a share, 12% lower than a year earlier, according to RefinitivWealth management: $4.

But Morgan Stanley still has a sizeable Wall Street trading and advisory business, and that will likely weigh on the bank's second-quarter results. Morgan Stanley has the biggest stock-trading business among U.S. investment banks. Shares of the firm have climbed 10% so far this year, trailing the KBW Bank Index and competitors including Goldman Sachs and J.P. Morgan Chase.from the Federal Reserve to increase its quarterly dividend to 35 cents a share from 30 cents and repurchase $6 billion in shares.

Do earnings reports matter any more on Wall Street ? I say 50/50

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Source: CNBC - 🏆 12. / 72 Read more »