Morgan Stanley (NYSE:MS) is anticipated to announce a decline in both profit and revenue compared to the previous year’s first quarter when it releases its financial results on Tuesday, April 16.
The financial institution faces investor scrutiny as it heads into earnings amid reports of federal regulatory investigations into its client vetting practices, leading to a significant decline in the stock price this week.
According to reports, the U.S. Securities and Exchange Commission, along with the Office of the Comptroller of the Currency and other Treasury Department entities, are conducting an inquiry to assess whether the bank appropriately verified the identities of potential clients, examined the sources of their wealth, and monitored their financial transactions. 
As a consequence, Morgan Stanley’s shares (NYSE:MS) experienced an 8% decline week-over-week and have fallen nearly 9% year-to-date.
Analysts anticipate the firm’s earnings per share for the first quarter to be slightly lower than the $1.70 reported in the same period last year, forecasted at $1.69.
Revenue is projected to decrease by approximately 0.3% from $14.52 billion in the previous year’s first quarter to $14.47 billion.
