Morgan Stanley to report quarterly results Wednesday morning

what happened

Global financial services company Morgan Stanley will release its quarterly results on Wednesday morning, stockstory.org reports. Revenue in the previous quarter reached $21.35 billion, rising 27.1% year on year. The company exceeded analysts’ expectations for revenue, its Institutional Securities segment and earnings per share.

The market now expects Morgan Stanley’s revenue to increase 9.3% year on year, compared with an 18.5% rise in the same quarter last year. Analysts covering the company have broadly reaffirmed their estimates over the past 30 days. Morgan Stanley has also regularly surpassed Wall Street expectations.

Recent reports from peers offer mixed signals. Jefferies posted 8.5% year-on-year revenue growth, beating estimates by 1.1%, while FactSet reported a 6.3% increase and exceeded forecasts by 0.8%. Jefferies shares fell 1.3% after the results, whereas FactSet gained 6.8%.

Capital-markets stocks have declined 4.9% on average over the past month. Morgan Stanley shares are down 7.4% over the same period, while the average analyst price target stands at $222.14 versus the current share price of $191.28.

why it matters

Morgan Stanley’s report will show whether the company can maintain the strong momentum seen after its previous earnings beat. Peer reactions also indicate that markets may respond differently even when results exceed expectations.

instruments