Morgan Stanley is about to release its Q4 2024 earnings, with Wall Street anticipating strong results across various sectors.
Wall Street has its eyes on some solid figures. Analysts are predicting earnings of about $1.70 per share and revenue hitting around $15.03 billion. Wealth management is looking good too, with expectations of $7.36 billion.
The bank’s wealth management sector should benefit from the high stock market values lately, which means more management fees for them. Plus, investment banking is bouncing back, showing a 29% increase last quarter, thanks to more advisory work and equity capital market activity.
Trading has also been lively, especially with all the buzz from the recent election season. Just the other day, JPMorgan Chase, Goldman Sachs, and Citigroup all reported better-than-expected earnings, thanks to strong trading and investment banking revenue.
This story is still unfolding, so keep an eye out for updates!
