MS earnings 4Q 2021

MS earnings 4Q 2021

James Gorman, chairman and chief government officer of Morgan Stanley, speaks throughout a Bloomberg Tv interview in Beijing, China, on Thursday, Could 30, 2019.

Giulia Marchi | Bloomberg | Getty Photos

Morgan Stanley is ready to report fourth-quarter earnings earlier than the opening bell on Wednesday.

Here is what Wall Road expects:

  • Earnings: $1.91 a share, 5.4% greater than a yr earlier, in response to Refinitiv
  • Income: $14.6 billion, 7% greater than a yr earlier
  • Wealth administration: $6.28 billion, in response to StreetAccount
  • Buying and selling: Equities $2.44 billion, Mounted Earnings $1.47 billion
  • Funding Banking: $2.54 billion

How will Morgan Stanley navigate the subsequent section in markets?

That is a key query as analysts sit up for when buying and selling and deal-making cools off from a red-hot two years.

Buying and selling particularly has begun to return to extra regular volumes, if outcomes from Goldman Sachs and JPMorgan Chase are any indication. Morgan Stanley has the No. 1 ranked equities buying and selling enterprise globally.

It is also a prime participant in mergers recommendation, significantly within the know-how and communications realms.

One space that ought to show resilient is wealth administration, which usually depends on charges primarily based on belongings below administration which were climbing together with rising markets.

Shares of the financial institution have dropped 4.2% this yr, underperforming the 8.6% acquire of the KBW Financial institution Index.

JPMorgan and Citigroup every reported the smallest earnings beats within the final seven quarters, and Goldman Sachs missed estimates for fourth quarter revenue due to elevated bills. Wells Fargo has been the only real brilliant spot up to now in financial institution earnings after it gave targets for greater curiosity revenue and decrease bills.  

This story is creating. Please verify again for updates.

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