Morgan Stanley is about to report first-quarter earnings

Core Viewpoint - Morgan Stanley is preparing to report its first-quarter earnings, with expectations for earnings per share at $1.66 and revenue at $14.41 billion, amidst challenges in wealth management due to high interest rates [1][2]. Group 1: Earnings Expectations - Expected earnings per share: $1.66 [1] - Expected total revenue: $14.41 billion [1] - Breakdown of revenue expectations: - Wealth management: $6.65 billion [1] - Equities trading: $2.68 billion [1] - Fixed income trading: $2.37 billion [1] - Investment banking: $1.40 billion [1] Group 2: Market Context - High interest rates are driving wealth management customers to seek higher-yielding securities, impacting Morgan Stanley's performance [1]. - Competitors such as JPMorgan Chase, Wells Fargo, Citigroup, and Goldman Sachs have recently reported better-than-expected revenue and profit, indicating a potentially favorable environment for investment banking and trading [2]. Group 3: Regulatory Scrutiny - Analysts are expected to inquire about ongoing investigations by multiple U.S. regulators regarding Morgan Stanley's client screening processes in its wealth management division [2].