Morgan Stanley will report earnings before the open on Thursday, Jan. 15
Big banks are kicking off earnings season this week, with JPMorgan Chase (JPM) weighing on the market today. The sector hit a snag yesterday as well, after President Donald Trump called for a 10% cap on credit card rates for one year.
Morgan Stanley's (NYSE:MS) fourth-quarter report is due out before the open on Thursday, Jan. 15. Per Zacks Investment Research, analysts expect earnings of $2.41 per share on revenue of $17.32 billion, a year-over-year increase of 8.6% and 6.8%, respectively.
Looking back, Morgan Stanley's shares have enjoyed mostly positive post-earnings moves, finishing higher after six of its last eight reports. The stock has averaged a 3.2% next-day swing, regardless of direction, over the last two years, while the options pits price in a much larger 6.3% move this time around.
MS was last seen down 2% at $182.76, extending a pullback from its Jan. 6 record high of $188.82. Year over year, the equity is up 47.3%.
