Economy / Markets
Bank of America and Morgan Stanley close out big-bank earnings
Bank of America and Morgan Stanley report third-quarter results on Wednesday 14 October, rounding out the six largest U.S. banks after a strong opening to the season. Consensus put Morgan Stanley near $2.94 in earnings per share on about $19.96 billion of revenue, with attention on investment banking, trading and wealth management flows. Bank of America’s investor call is scheduled for 8:30 a.m. ET. The prints will show how higher rates and a dealmaking rebound are shaping profits.