Analysts forecast Morgan Stanley will deliver higher first-quarter earnings than peers, with wealth-management fees offsetting declines in trading revenue. Mixed results at major banks such as Wells Fargo and Citigroup have set the bar for Morgan Stanley to exceed investor expectations.

Last week Morgan Stanley launched its first spot Bitcoin exchange-traded fund, providing clients direct exposure to Bitcoin’s price movements while expanding its asset-management lineup. The new ETF aims to capture growing crypto inflows and generate recurring management fees.

Heightened market turbulence tied to the Iran war has driven increased trading activity across Morgan Stanley’s institutional desks. Traders have capitalized on wider spreads, bolstering the investment bank’s revenue potential for the quarter.