JP Morgan Chase & Co came out with its earnings report a few days ago and the company had its most profitable year in the history of banking. What about Morgan Stanley? They are expected to report earnings on Wednesday before market open.
The report will be for the fiscal Quarter ending June 2017, and Morgan Stanley is expected to report $0,76/share on $9,47 billion in revenue. According to the Street`s unofficial view on earnings, the whisper number is $0,78. Earnings for the same quarter last year was $0,75.
Wells Fargo surprised many analysts when they reported a drop in lending. JP Morgan Chase & Co also toned down its outlook for loan growth and interest income in the second half. We can clearly see that the loan growth is falling huge, while the optimism in the stock market right after Trump`s election is beginning to fade away.
Analysts are projecting revenue to rise to $9,09 billion from $8,91 billion in the second quarter of last year.
Morgan Stanley will probably talk about its new automated wealth advising product on Wednesday. It would be the last of the big wealth-management firms to cave to the whims of the less affluent, younger crowd, following Bank of America Corp
s Merrill Lynch unit and UBS Group AG. Big news from long a sceptic of robo-advisings staying power.
Indian banks are trading at an all-time high valuation and that is more than we can say about Morgan Stanley. A bank that reached its all-time high in year 2000 which is twice as much as it is today. The stock came back to its all-time high in 2007, but it plummeted during the financial crisis.
Morgan Stanley have never recovered since then and the company`s stock price is trading at $45,14.
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