Top Wall Street Forecasters Revamp Morgan Stanley Expectations Ahead Of Q3 Earnings

Earnings Report - Morgan Stanley is set to release its third-quarter earnings results on October 15, with expected earnings of $2.11 per share, an increase from $1.88 per share in the same period last year [1] - The company projects quarterly revenue of $16.67 billion, compared to $15.38 billion a year earlier [1] Crypto Adoption - Morgan Stanley has removed all restrictions on client access to digital asset funds, allowing all wealth management clients, including those with retirement accounts, to invest in crypto funds starting October 15 [2] - This move has been positively received by Bitcoin advocates, including Michael Saylor [2] - Following this announcement, shares of Morgan Stanley fell by 2.8%, closing at $151.86 [2] Analyst Ratings - Goldman Sachs analyst Richard Ramsden maintained a Neutral rating and raised the price target from $145 to $164 [5] - BMO Capital analyst Brennan Hawken initiated coverage with an Outperform rating and a price target of $180 [5] - Evercore ISI Group analyst Glenn Schorr maintained an Outperform rating and raised the price target from $150 to $165 [5] - Citigroup analyst Keith Horowitz maintained a Neutral rating and raised the price target from $130 to $155 [5] - Wells Fargo analyst Mike Mayo maintained an Equal-Weight rating and increased the price target from $145 to $165 [5]