Morgan Stanley (NYSE:MS) will release earnings results for the third quarter, before the opening bell on Wednesday, Oct. 15.Analysts expect the New York-based company to report quarterly earnings at $2.11 per share, up from $1.88 per share in the year-ago period. Morgan Stanley projects quarterly revenue of $16.67 billion, compared to $15.38 billion a year earlier, according to data from Benzinga Pro.Morgan Stanley has taken a major step toward crypto mainstream adoption by removing all restrictions on clie ...

Core Insights - Morgan Stanley is expanding access to cryptocurrency investments for all clients, allowing such investments in any type of account, including retirement accounts, starting October 15 [1][2] - This move follows a shift in the U.S. government's stance on cryptocurrencies, particularly after the election of President Donald Trump [2] - Morgan Stanley has amassed $8.2 trillion in client assets over the past two decades, positioning itself against emerging platforms like Coinbase and Robinhood [3] Investment Strategy - The bank will implement an automated monitoring process to ensure clients do not become overly concentrated in cryptocurrencies, which are considered volatile [4] - The global investment committee has recommended a maximum initial allocation to crypto of up to 4%, depending on investment goals [4] - Lisa Shalett, the chief investment officer for wealth management, described cryptocurrencies as a speculative asset class that many investors may want to explore [4] Current Offerings - Advisors are currently limited to offering bitcoin funds from BlackRock and Fidelity, but Morgan Stanley is monitoring the industry for potential new offerings [5] - Clients can request to be placed into any listed crypto exchange-traded product [5]

Core Insights - Investors allocated a record $5.95 billion to Bitcoin and other crypto investment products last week, driven by global currency debasement concerns [1][4] - Bitcoin investment products alone attracted $3.55 billion, marking the highest weekly inflow ever recorded [1][4] - The price of Bitcoin reached a new all-time high of $125,506, reflecting a 10% increase over the past week [2][4] Investment Trends - Over $3.2 billion of the inflows were directed towards U.S. Bitcoin ETFs, indicating strong domestic interest [2] - Ethereum ETFs also saw significant inflows, totaling $1.48 billion, contributing to a rebound for both Bitcoin and Ethereum funds after previous outflows [4] - Altcoin investment vehicles, including Solana and XRP, received record amounts of $706.5 million and $219.4 million, respectively [4] Market Conditions - The inflows were attributed to a delayed reaction to the Federal Open Market Committee (FOMC) interest rate cut, weak employment data, and concerns regarding U.S. government stability amid a shutdown [3][6] - The ongoing U.S. government shutdown and anticipated interest rate cuts have led to a rally in Bitcoin, gold, and other cryptocurrencies as investors seek to hedge against currency weakening [6]