History says buy Morgan Stanley before earnings

Morgan Stanley
Adam Jeffery | CNBC

Morgan Stanley is scheduled to release its quarterly results Monday before the market opens, setting up a potential winning trade, should history be any guide.

Over the last 20 quarters, shares of the investment powerhouse rose, on average, 2 percent during the trading day of its earnings report.

Analysts' estimates predict the investment bank will report earnings per share of $0.74, a 23 percent increase from the same period last year.