Morgan Stanley CEO Ted Peake speaks on CNBC’s Squawk Box at the World Economic Forum Annual Meeting on January 18, 2024 in Davos, Switzerland.
Adam Galich | CNBC
Morgan Stanley First-quarter earnings are scheduled to be released before the market opens on Tuesday.
Here’s what Wall Street expected:
- Earnings per share were $1.66, according to LSEG
- Revenue: $14.41 billion
- Wealth management: $6.65 billion, according to StreetAccount
- Deals: $2.68 billion in equities, $2.37 billion in fixed income
- Investment banking: $1.4 billion
How has Morgan Stanley CEO Ted Peake fared in his first season leading the company?
Peake’s tenure got off to a rocky start as high interest rates spurred the bank’s wealth management clients to move cash into higher-yielding securities.
But if its rivals are any indication, Morgan Stanley could benefit from strong investment banking and trading results this quarter.
last week, JPMorgan, Wells Fargo and Citigroup Each beat revenue and profit expectations, consecutively Goldman Sachs on Monday. Bank of America Quarterly results were announced earlier Tuesday.
Analysts are likely to question Peake over reports that are being investigated by multiple U.S. regulators. investigation Morgan Stanley has potential flaws in screening clients for its wealth management unit.
This story is developing. Please check back for updates.
