Morgan Stanley is on deck to report lower earnings on Wednesday morning as the last of the U.S.’s largest banks to weigh in with results.What to expect Earnings: Analysts tracked by FactSet expect Morgan Stanley
to earn $1.28 a share, down from $1.47 a share in the year-ago quarter. At the start of the quarter, analysts had estimated third-quarter earnings of $1.58 a share for Morgan Stanley.
The consensus estimate from Estimize, which crowdsources estimates from hedge funds, academics and others, is $1.37 a share, based on 20 submissions. Revenue: The FactSet consensus estimate for revenue is $13.22 billion, up slightly from $12.99 billion reported in the year-ago period. Estimize is expected revenue to come to $13.327 billion. Stock movement: Morgan Stanley’s stock price fell 4.4% in the third quarter in a choppy period for bank stocks overall. The stock is down just under 10% in the past month, compared to 1.9% drop by the S&P 500
What else to watch for As the last of the biggest six U.S. banks, Morgan Stanley’s trading figures are expected to be strong as they were with the firm’s rivals, amid robust equities and fixed income activity after a spike in Treasury yields in recent weeks and geopolitical uncertainty. Those market-making expectations may already be baked into Morgan Stanley’s sto …