to pick up in the fourth quarter of 2024. Topping overall earnings estimates, Morgan Stanley saw its wealth management segment miss net revenue estimates by $70 million.
Take us into your analysis from the earnings that came out this morning and perhaps what That spells out about the broader banking sector right now in the earnings season.Um, certainly offset by a A terrific, uh, performance by investment Banking revenues is up 51% there. So, I, I think that's why banks are, uh, while they're very well hedged, uh, to whether the rates go up or or down.We're not expecting rates to fall off a cliff.
Yes, there was a lot of, uh, key data points within this report or metrics that investors are encouraged about. And there's a lot of competition, particularly for the high and ultra high net worth, uh, segment within wealth management.Uh, as well as this, uh, again, higher interest rates have have pushed up deposit costs.
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