Morgan Stanley's profit increases due to improvement in investment banking
(Reuters) – Morgan Stanley's profit rose in the first quarter on a resurgence in investment banking.
The Wall Street bank on Tuesday reported net income of $3.4 billion, or $2.02 a share, in the three months ended March 31. That compares with $3 billion, or $1.70 per share, a year earlier.
(Reporting by Manya Saini in Bengaluru and Tatiana Bautzer in New York; Editing by Lannan Nguyen and Arun Koyyur)
