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

Here's what Wall Street expects:Revenue: $10.64 billion, 6% higher than a year earlierTrading: Equities $2.19 billion, Fixed Income $1.59 billionUnder Chief Executive Officer, Morgan Stanley has emphasized its wealth management division, a far steadier business than its trading operations. Wealth management benefits from rising markets as fees typically climb along with assets under management.

In fact, Gorman has doubled down on his push to diversify away from Morgan Stanley's traditional strengths of trading and investment banking.

Of course, big corpate business companies always thrive in the economy than small businesses (especially, during a public health crisis).

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The stock market's near-term fate could be decided by the tight Senate race as stimulus remains in limbo, Morgan Stanley says | Markets Insider
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