Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland onJan 18 th, 2024.
Adam Galici|CNBC
Morgan Stanley is set to report first-quarter revenues before the opening bellTuesday
Here’s what Wall Street anticipates:
- Earnings: $1.66 a share, according to LSEG
- Revenue: $1441 billion
- Wealth management: $6.65 billion, according to Street Account
- Trading: Equities of $2.68 billion and set earnings of $2.37 billion
- Investment Banking: $1.40 billion
How did Morgan Stanley CEO Ted Pick carry out in his very first quarter leading the business?
Pick’s period has actually begun on a rocky note, as high rates of interest have actually incentivized the bank’s wealth management clients to move money into higher-yielding securities.
But if its competitors are any indicator, Morgan Stanley might be assisted by strong financial investment banking and trading lead to the quarter.
Last week, JPMorgan Chase, Wells Fargo and Citigroup each topped expectations for income and earnings, a streak continued by Goldman Sachs onMonday Bank of America reported its quarterly outcomes previouslyTuesday
Analysts are most likely to concern Pick about reports that several U.S. regulators are examining Morgan Stanley for possible deficiencies in how it evaluates customers for its wealth management department.
This story is establishing. Please inspect back for updates.
