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

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

JP Morgan posted an earnings beat, but the bank's stock falls on lowered interest forecastThe impact of the Federal Reserve's looming interest rate cuts appear to have impacted J.P. Morgan's forecast for 2019 net interest income. Blimey how are you permabull charlatans coping with that perceived anomaly? Are you jumping out of windows yet? Qué dicen los grandes financieros del país? Drugs
Source: CNBC - 🏆 12. / 72 Read more »