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Morgan Stanley is set to report earnings — here’s what to expect

Morgan Stanley will report third-quarter results before the market opens on Wednesday. According to LSEG, Wall Street expects earnings of $2.91 per share on revenue of $19.95 billion, including $2.27 billion in investment banking, $4.89 billion in equities trading and $2.27 billion in fixed income trading. The bank is expected to benefit from strong investment banking and equities trading, as rivals Goldman Sachs and JPMorgan Chase showed this week. Investors will focus on CEO Ted Pick’s outlook for mergers and IPOs for the rest of the year amid market churn caused by rising interest rates.

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