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What to Expect from Morgan Stanley in the Second Quarter

Robert Karr
Updated
What to Expect from Morgan Stanley in the Second Quarter

Morgan Stanley (MS) is expected to post an EPS of $1.11 in the second quarter—an implied growth of 27.6% on a YoY (year-over-year) basis due to higher trading, asset management, and lower taxes. On a sequential basis, Morgan Stanley is expected to see a 23.0% decline in its earnings mainly due to a decline in volatility from highs in the first quarter. The earnings decline is partially offset by a rebound in holdings’ valuations and the expectation of higher performance fees.

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