Morgan Stanley will announce its second-quarter earnings.
- Morgan Stanley is likely to benefit from its Wall Street-centric business model.
- The bank's wealth management business will benefit from high stock market values, which increase the fees it charges.
is set to report second-quarter earnings before the opening bell Tuesday.
Here's what Wall Street expects:
- Earnings: $1.65 a share, according to LSEG
- Revenue: $14.3 billion, according to LSEG
- Wealth management: $6.88 billion, according to StreetAccount
- According to StreetAccount, the trading volume for equities and fixed income was $2.69 billion and $1.86 billion, respectively.
- Investment Banking: $1.40 billion, according to StreetAccount
Morgan Stanley is likely to benefit from its Wall Street-centric business model.
The bank's wealth management business will benefit from high stock market values, which increase the fees it charges.
The bank should benefit from the increase in investment banking activity following a sluggish 2023.
Last week, both Wells Fargo and JPMorgan Chase exceeded revenue and profit expectations, continuing a streak that was aided by a rebound in Wall Street activity on Monday.
This story is developing. Please check back for updates.
by Hugh Son
Markets
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