Top Wall Street Forecasters Revamp Morgan Stanley Expectations Ahead Of Q2 Earnings

Morgan Stanley (NYSE:MS) will release earnings results for the second quarter, before the opening bell on Wednesday, July 16.

Analysts expect the New York-based company to report quarterly earnings at $2.01 per share, up from $1.82 per share in the year-ago period. Morgan Stanley projects to report quarterly revenue of $16.04 billion, compared to $15.02 billion a year earlier, according to data from Benzinga Pro.

On July 8, Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Infrastructure Partners, agreed to sell its ownership stake in TigerGenCo Red Oak Holdings, LLC to funds managed by Strategic Value Partners.

Morgan Stanley shares gained 1.1% to close at $143.09 on Thursday.

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