One of the most notable banking stock earnings reports will come out on Tuesday after the holiday. There is no doubt that the report from Morgan Stanley
Analysts are bullish on what they expect from the earnings. The street has an expectation that Morgan Stanley will report year over year increases in both revenue as well as profits. Analysts are looking for earnings per share of $0.65, up from $0.43 a year ago, and revenue of $8.47 billion. Earnings are expected to rise 2.2% to $2.76 per shares.
Now, last quarter Morgan Stanley had no problem beating the streets expectations. This quarter we have already seen better than expected results from Bank of America
The focus will also be on Morgan Stanley's guidance going forward. Specifically on how the expect to perform in a rising interest rate environment. As for the fiscal 2017 guidance, the street still expects the bank to earn $3.30 per shares on $30.07 billion in revenue.
As for the share performance, MS is up 3.69% year to date which out performs the S&P 500 which is only up 1.6% in the same time period. Analysts have an average of a hold rating with a 12 month price target of $44.