Bank of America (BAC) and Morgan Stanley (MS) both reported their second quarter results with shares of Bank of America moving to the upside in pre-market trading as it expects net interest income to rise in the fourth quarter. Shares of Morgan Stanley are falling in pre-market trading on Tuesday as the firm's wealth management net revenue missed estimates by $70 million.

The Morning Brief anchors Brad Smith and Seana Smith break down the latest earnings figures for these major banks and what it could mean for their stocks moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino