MS (Morgan Stanley) earnings 3Q 2022

Morgan Stanley is about to report third-quarter earnings earlier than the opening bell on Friday.

This is what Wall Avenue expects:

• Earnings: $1.49 a share, 25% decrease than a yr earlier, based on Refinitiv
• Income: $13.3 billion, 10% decrease than a yr earlier
• Wealth administration: $6.17 billion, based on StreetAccount
• Buying and selling: Equities $2.68 billion, Fastened Revenue $1.96 billion, based on StreetAccount
• Funding Banking: $1.21 billion, per StreetAccount

How is James Gorman’s financial institution navigating more and more uneven markets?

That is the query for Morgan Stanley, whose funding banking, buying and selling and wealth administration operations are all impacted by the vagaries of the market.

Wall Avenue banks are grappling with the collapse in IPOs and debt and fairness issuance this yr, a pointy reversal from the offers growth that drove outcomes final yr. The slowdown was triggered by broad declines in monetary property, recession considerations and the Ukraine conflict.

Whereas analysts count on the financial institution’s wealth administration and funding administration divisions – chargeable for half of the agency’s income – will maintain up higher than funding banking, decrease asset values will cut back income there as effectively.

Nonetheless, elements of Morgan Stanley’s operations are anticipated to learn. Bond merchants are anticipated to put up good outcomes, because of volatility in commodities and rates of interest.

Shares of the financial institution have dropped 19% this yr via Thursday, holding up higher than the 25% decline of the KBW Financial institution Index.

Wells Fargo and Citigroup are additionally scheduled to report outcomes Friday, adopted by Financial institution of America on Monday and Goldman Sachs on Tuesday.

This story is growing. Please verify again for updates.