Big banks’ earnings season comes to a close on 18 October, with Morgan Stanley reporting its third-quarter numbers. But with the results already in from five other large lenders, few expect big surprises.

It’s been a generally tepid environment for investment banking over the last year, and Morgan Stanley’s results are expected to reflect that. Profit at the bank is expected to fall 11% to $2.2bn, amounting to earnings of $1.31 per share on revenue of $13.2bn in the third quarter, according to FactSet data.