Wealth, Assets and Custody: What to Watch When Morgan Stanley, BlackRock and State Street Report

Impact · against what's priced in

The upcoming earnings reports are likely to be volatility events rather than catalysts, as the market has already aggressively priced in revenue deceleration for Morgan Stanley and cyclical peaks for BlackRock. The article confirms that expectations for MS have already been lowered, meaning a beat is necessary just to avoid further decline.

MS−0.10

Already priced in

The price assumes

A revenue CAGR of roughly 2.0%, which is a steep deceleration from the 11.5% growth just delivered.