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Bank of America and Morgan Stanley Earnings Amid Turmoil

10/15/2025

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Summary

Story summary

Morgan Stanley and Bank of America will report third-quarter earnings after JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
Analysts expect Morgan Stanley to post $2.08 per share on $16.69 billion in revenue.
Analysts project Bank of America to earn 95 cents per share on $27.5 billion in revenue.
The reports come amid US-China trade tensions and a government shutdown, with Federal Reserve Chair Jerome Powell signaling rate cuts.

History

Historical Context

The US-China trade war began in 2018 when President Trump imposed tariffs to address perceived unfair trade practices, including intellectual property theft. By late 2019, the US had levied approximately $350 billion in tariffs, leading to economic strain in both nations. The International Monetary Fund projected a potential 0.8% reduction in global GDP due to these tensions, highlighting the trade war's far-reaching implications.

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Story summary

Morgan Stanley and Bank of America will report third-quarter earnings after JPMorgan Chase & Co. and Goldman Sachs Group, Inc.
Analysts expect Morgan Stanley to post $2.08 per share on $16.69 billion in revenue.
Analysts project Bank of America to earn 95 cents per share on $27.5 billion in revenue.
The reports come amid US-China trade tensions and a government shutdown, with Federal Reserve Chair Jerome Powell signaling rate cuts.

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