Morgan Stanley’s Q3 2026 earnings, due October 14, carry an 87.5% market-implied probability of beating consensus estimates of roughly $2.83–$2.94 EPS and $19.6–$20.2 billion revenue. Traders price in this outcome amid expectations for continued strength in equities trading and wealth-management net interest income, building on the firm’s record Q2 performance of $21.3 billion revenue and $3.46 EPS. Recent analyst revisions have been modest, reflecting some caution on investment-banking fees, yet historical patterns of capital-markets outperformance and the company’s $20 billion buyback authorization support the elevated odds. Key near-term catalysts include trading volumes and any updates on deal flow ahead of the release.